Magnesium market trend
The Spring Festival is coming, and magnesium ingots are expected to have a smooth spring festival. According to the data of the business agency, the average market price of domestic magnesium ingots on January 17, 2020 is 14083.33 yuan / ton, and the recent price is relatively stable.
On January 17, 2020, the ex factory cash price including tax of magnesium ingots (99.9%, non pickling, simple packaging) in the main domestic production areas remained stable. The specific price range is as follows:
The ex factory cash exchange including tax in fugu area is 138500-14100 yuan / ton; the cash exchange in Taiyuan area is 14000-14100 yuan / ton; the cash exchange in Wenxi area is 14050-14200 yuan / ton; the cash exchange in Ningxia area is 13900-14000 yuan / ton.
The Spring Festival is coming, and the trading is fading
Close to the Spring Festival, the trading tends to be weak, and the magnesium ingot market runs smoothly. It is reported that the magnesium ingot manufacturers’ pre-sale situation has occurred from time to time in the near future. The manufacturers’ low price pre-sale, after all, there is a rapid return of capital demand at the end of the year. At present, the downstream alloy manufacturers and magnesium powder manufacturers have completed their stock in succession years ago. The downstream raw material inventory has accumulated to a certain extent, and there are not many magnesium ingot manufacturers in stock, so there is a balance between supply and demand.
Data review in 2019
Production end:
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According to the preliminary statistical data of China Nonferrous Metals Industry Association, 763900 tons of original magnesium were produced by the Communist Party of China from January to November 2019, an increase of 11.16% year on year. Among them, the cumulative production in Shaanxi is 465900 tons, up 19.01% year on year; the cumulative production in Shanxi is 108500 tons, up 13.41% year on year; the cumulative production in Ningxia is 51500 tons, down 18.51% year on year.
According to relevant statistical data, it is estimated that the domestic original magnesium output in 2019 will be about 927700 tons.
Consumer end:
According to relevant statistics, the domestic consumption is 472300 tons. In terms of import and export, it is estimated that 446500 tons of various magnesium products will be exported. According to the statistics of the General Administration of customs, from January to November 2019, China exported 409300 tons of various magnesium products, a year-on-year increase of 9.29% and a cumulative amount of US $1.048 billion, a year-on-year increase of 12.08%. Among them, the total export of magnesium ingot is 217900 tons, up 14.54% year on year; the total export of magnesium alloy is 100900 tons, down 0.61% year on year; the total export of magnesium powder is 77900 tons, up 6.88% year on year.
Forecast for future market
Supply and demand are in a stalemate, adding that the Spring Festival is coming, and trading tends to be weak. It is expected that the price of magnesium ingots will maintain stable operation in the near future, and the actual transaction situation in the market will be focused in the later stage.
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