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SunSirs: Gradual Return of Magnesium Prices to Stability

March 02 2020 09:23:41     SunSirs (Linda)

On February 28, 2020, magnesium ingots (99.9%, non-pickling, simple packaging) in the main production areas in China operated smoothly after the factory cash prices including tax callback, and the main production areas began to return to work gradually. At present, the mainstream manufacturers began to receive orders, with the main quotation range of 14,500-15,000 RMB/ton, and the actual single negotiation was the main part.

According to the tracking information of SunSirs, the main quotation range of Fugu magnesium ingot (99.9%) was 14,500-14,600 RMB/ton; Ningxia magnesium ingot (99.9%) was 14,500-14,700 RMB/ton; Taiyuan magnesium ingot (99.9%) was 14,800-15,000 RMB/ton; Wenxi magnesium ingot (99.9%) was 14,900-15,000 RMB/ton.

Recently, the traffic has basically recovered, the inquiry volume and shipment volume of mainstream manufacturers have increased slightly, the magnesium ingot market has begun to recover, and the transaction price has begun to stabilize. Due to the factors of workers, raw materials and safety management of employees, the operating rate of some producers is not high.

Magnesium market trend

Expected market outlook

Magnesium ingot manufacturers do not have a lot of raw materials in the early stage, a low operating rate, a small amount of product inventory, and a strong willingness to hold up the price in the early stage. At present, magnesium ingot price callback is expected to be stable in the near future, mainly in shock operation, and later pay attention to the changes in the upstream and downstream starting rhythm.

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