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.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-01-04 SunSirs: Supply Exceeded Demand, and Magnesium Prices Continued to Be Weak (December 25-31)
- 2023-12-27 SunSirs: There Was No Significant Change in the Magnesium Market, Maintaining a Weak and Stable Trend (December 18-25)
- 2023-11-21 SunSirs: Affected by the News of Resuming Work One after Another, the Magnesium Market Was Operating to Be Weaker (November 13-17)
- 2023-11-14 SunSirs: Insufficient Demand Support, Magnesium Prices Fluctuated Narrowly (November 6-13)
- 2023-10-18 SunSirs: Manufacturers' Willingness to Give Up Profits Increased, and Magnesium Prices Slightly Decreased (October 9-16)
