SunSirs: Light Transaction in Magnesium Market, Prices are Returning Gradually

On March 4, 2020, the factory cash price including tax of magnesium ingots (99.9%, non pickling, simple packaging) in main production areas in China was slightly recalled, the transportation problem was basically solved, and the operation rate of main production areas was slightly increased. At present, the mainstream manufacturers began to receive orders, with the mainstream quotation range of 14,200-14,400 RMB/ton, and the actual single negotiation was the main part.

According to the tracking information of the SunSirs, the main quotation range of Fugu magnesium ingot (99.9%) was 14,100-14,400 RMB/ton; Ningxia magnesium ingot (99.9%) was 14,200-14,300 RMB/ton; Taiyuan magnesium ingot (99.9%) was 14,400-14,600 RMB/ton; Wenxi magnesium ingot (99.9%) was 14,500-14,600 RMB/ton

At present, the traffic has basically recovered, the magnesium ingot Market has begun to recover, but the actual transactions are not many, the market is relatively cold, downstream enterprises have gradually resumed work, the market inquiry is mostly, most of the manufacturers are still implementing the orders before the year, and the manufacturers start to receive futures orders.

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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