Price trend of magnesium metal

Market analysis this week

According to the data monitoring of the business community, as of the 16th, the average price in the domestic market was 24733.33 yuan/ton, down 1.98% from the beginning of the week. This week, the domestic magnesium metal market was weak due to the drag of demand, and the overall decline was not large. Most of the deals were made in the form of rigid demand.

Supply and demand

On the factory side, the factory quotation was firm at the beginning of the week, and the willingness to stabilize the market was strong. In view of the poor transaction, some factories took the initiative to reduce the price for shipment. After the centralized procurement before the festival, the downstream users bought less this week, the export order performance was poor, and the wait-and-see atmosphere in magnesium market was strong.

Raw materials

The price increase notice of raw material semicarbon was issued, and it will be implemented from the 20th day: 2000 yuan/ton for large materials, 1900 yuan/ton for medium materials, 1850 yuan/ton for small materials, and 1300 yuan/ton for semicarbon foam. The mainstream price of ferrosilicon is about 7600-7800 yuan/ton. The Ningxia manufacturer resumed production, and the supply began to recover. The futures market fluctuated. It is difficult for the spot price to fluctuate greatly before the steel plant bidding in October.

Future market forecast

To sum up, with the centralized procurement by downstream users before the festival, the overall market trading atmosphere was cold and the demand could not be followed up, resulting in the weak price performance of magnesium ingots. Considering that the price of ferrosilicon is at a high level, the price of semicarbon is raised, the cost of magnesium ingots remains high, and the magnesium factory has not lowered its quotation significantly, it is expected that the magnesium market will be slightly consolidated in the short term.