Price list of magnesium ingots in Shaanxi on March 3
Market analysis
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According to the data monitoring of the business agency, the ex factory tax price of 99.9% of the mainstream areas was 32333.33 yuan / ton on the 3rd, down 4.90% from yesterday’s price
From the quotation situation, the quotation of magnesium ingot decreased significantly by 10000 yuan / ton compared with last Friday. From the perspective of supply and demand, the cost support at the raw material end continues to weaken, the prices of raw coal and ferrosilicon continue to fall, and downstream customers are also deterred from the rapidly declining magnesium price. They mainly wait-and-see market, and there are few demand orders. On the whole, the market situation of oversupply leads to the continuous downward pressure on the magnesium market.
Future forecast
Business analysts believe that magnesium prices are under pressure in the short term.
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