Market analysis for this week
| PVA 2088 (PVA BP20) |
According to the monitoring of Business Society, as of the 17th, the average price of magnesium ingots in the domestic market was 21066.67 yuan/ton, with a weekly increase of 1.12%. This week, the magnesium ingot market was operating steadily with a stronger trend. At the beginning of the week, the market was relatively stable. Starting from Tuesday, some downstream users followed up on procurement, and transactions improved. Magnesium factories adjusted their prices accordingly, and by Friday, the mainstream prices remained stable at 20900-21100 yuan/ton.
In terms of supply and demand
In terms of factories, some magnesium factories are still in the shutdown stage and undergoing summer maintenance. There is not much pressure on shipments and there is a strong mentality of price support. In terms of demand, the downstream procurement situation has improved this week, with an increase in inbound procurement and an increase in order volume. The price of magnesium ingots has slightly increased.
In terms of raw materials
| POLYVINYL ALCOHOL |
The price of orchid charcoal is temporarily stable, and the manufacturer’s shipment is stable, with no price adjustment for the time being. The prices of medium and small materials, as well as coke surface, are basically stable. The price of coal has slightly increased. The price of ferrosilicon fluctuates weakly in the short term, with a mainstream quotation of 6774.29 yuan/ton in Ningxia. The market transaction situation has not significantly improved, and it is expected that the price of ferrosilicon will fluctuate weakly in the short term.
Future Market Forecast
Overall, due to the lack of sustained order support for magnesium ingots, the momentum for magnesium prices to continue to rise is not strong. However, the current operating rate of magnesium plants has decreased, and there has been little recent shipping pressure, leading to increased sentiment of price support and reluctance to sell. It is expected that the short-term price of magnesium ingots will continue to operate steadily.
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