Price trend of metallic magnesium
Market analysis this week
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After the festival, the metal magnesium market returned to the market to maintain a temporary and stable consolidation. There has been no significant change in the recent market, and the operation of both the supplier and the demander is cautious. According to the data monitoring of the business agency, as of the 8th, the transaction price of magnesium ingots in the market was concentrated at 39500-41000 yuan / ton, and the average price in the domestic market was 40666.67 yuan / ton, which was basically stable compared with the Qingming Festival.
Raw materials
The quotation of 75 ferrosilicon in Shaanxi is around 9800-9900 yuan / ton, and the average market price is 9850 yuan / ton. After the festival, the futures market continues to rise, the futures market is linked, the spot price is rising, the export also performs well, and the price of blue carbon is also strong. Many favorable factors are overweight. The ferrosilicon spot market may operate at a high level in the short term.
Supply and demand
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Affected by the epidemic prevention measures, domestic magnesium plants have difficulties in delivering goods and transportation. At present, the inventory of magnesium plants has rebounded compared with the previous period, and downstream enterprises have been in a wait-and-see state. The epidemic has also caused demand contraction, and domestic and foreign orders are weak, resulting in slow destocking of magnesium plants. However, there is no financial pressure on magnesium plants, and the overall quotation is stable.
Future forecast
On the whole, the capital pressure of the factory itself is not large, coupled with the high cost of ferrosilicon, the price stabilization mentality of the factory remains unchanged, but the downstream transaction of the market is less than expected, the magnesium ingot Market lacks the support of good news, and the supply and demand side has not changed substantially. The two sides are still in the exploratory wait-and-see stage, and the magnesium ingot price is expected to operate weakly and stably in the short term.
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