Magnesium market trend

On February 26, 2020, the ex factory price of magnesium ingots (99.9%, non pickling, simple packaging) in main domestic production areas rose sharply, and the current mainstream quotation range is 15400-15800 yuan / ton.

The specific price range of each region is as follows:

In fugu, the ex factory spot exchange including tax is 15400-15500 yuan / ton; in Taiyuan, 15600-15700 yuan / ton; in Wenxi, 15600-15800 yuan / ton; in Ningxia, 15400-15600 yuan / ton.

Magnesium ingot is original magnesium ingot according to national standard (GB / t3499-2011); non pickling, no wooden pallet and non payment acceptance price, mainly based on single negotiation.

According to the data of business news agency, the market of magnesium ingots recovered slightly after the year, and the mainstream quotation rose. Today, the price of magnesium ingots rose sharply, and the quotation of main production areas was about 15500 yuan / ton.

The magnesium ingot Market has been improved a few years ago, which is mainly reflected in the pre-sale orders of mainstream manufacturers, and the price also began to stop falling and stabilize in late January.

After the year, with the rising of upstream and downstream operation rate, the demand side fundamentals of magnesium ingots have been effectively improved, and the downstream market has been fully recovered. The demand for magnesium including hoarding has increased, and the downstream procurement has increased sharply. In addition, some manufacturers in the main production areas have stopped production for maintenance, the spot market is short-term tight, the supply and demand side has improved, and the price trend of magnesium ingots is mainly good.

This round of magnesium ingot price explosion is not only the simple logic of supply and demand factors. At present, the soaring prices of bulk commodity market, including aluminum alloy, are also affected by the price of aluminum ingot rising to the highest level in recent nine years. The price of magnesium ingot is more or less affected by the price of industrial chain.