On February 9, the ex-factory price including tax in 99.9% of the mainstream areas was 44,000 yuan/ton, up 2.33% over the previous year. Recently, the quotations have been mainly stable.
The market opened after the festival, and the market price of magnesium ingots remained stable, but the terminals were generally still on holiday, and the overall market demand had not been released. Around 42,000-44,000 yuan/ton, considering that in the early stage of the resumption of work, the motivation for the increase was insufficient, and the previous environmental protection policy has not yet issued detailed rules, industry insiders believe that the recent market is mainly operating in a stable situation.
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