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SunSirs: Chinese Magnesium Market Runs Smoothly

March 31 2020 08:20:56     SunSirs (Linda)

Overview of market conditions

On March 30, 2020, the magnesium ingots (99.9%, no pickling, simple packaging) in the main producing areas of China were slightly adjusted, and the price of factory cash including taxes was slightly adjusted, and the overall operation was stable. Negotiation-based.

According to SunSirs, the mainstream quoted price range of magnesium ingots (99.9%) in Fugu is 13,700-13,800 yuan / ton; the mainstream quoted price range in Ningxia is 13,750-13,850 yuan / ton; The mainstream quotation range is 13,850-1,4000 yuan / ton in Taiyuan; the mainstream quotation range in Wenxi area is 13,900-14,000 yuan / ton.

At present, the market is weak, the actual transaction is not much, just need to purchase mainly, the market inquiry is mostly. On the one hand, due to the small number of orders from traders, it is prudent to enter the market; on the other hand, bulk commodities have fallen, and the factory's willingness to store goods has moved downward, mainly in small batch purchases.

Forecast

Downstream demand is weak. At present, the price of magnesium ingot is returning to normal. It is expected that the recent stable and volatile operation will mainly focus on the changes in the procurement rhythm of the downstream market.

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