Price trend of metallic magnesium

Market analysis this week

According to the data monitoring of the business agency, as of the 15th, the average price in the domestic market was 25100 yuan / ton, down 0.92% on a weekly basis. This week, the price of magnesium ingots continued to decline, and the downstream demand was light. Although some magnesium factories reduced production and maintenance, it was still difficult to improve the supply and demand side for the time being. Some businesses were faced with capital problems and inventory pressure, and sold at a low price.

Upstream and downstream

On July 15, the mainstream quotation in Ningxia fluctuated in the range of 7700-7800 yuan / ton, the price of ferrosilicon fell, some ferrosilicon enterprises took the initiative to limit production, and the price of blue carbon was weak. Some enterprises reduced the ex factory price of blue carbon by 60-80 yuan / ton, and some enterprises did not adjust the price temporarily due to low inventory and other reasons. Under the situation of operating losses of ferrosilicon and blue carbon, the production and operation of magnesium plants have become increasingly difficult.

Downstream magnesium powder and magnesium alloy enterprises basically purchase according to actual needs, and most enterprises only maintain normal production status.

Aftermarket forecast

As the transaction status is always weak and the raw material market is weak, some enterprises in the magnesium plant have limited production slightly in order to reduce inventory. The overall mentality of the magnesium market is not optimistic. Under the condition of insufficient demand support, business analysts believe that the short-term magnesium market continues to operate in a weak consolidation.