SunSirs: China's Magnesium Ingot Prices Stop Falling and Stabilize

Magnesium market trend

On July 27, 2020, the ex-factory cash tax-included price of magnesium ingots (99.9%, no pickling, simple packaging) in the main producing areas in China will run smoothly, and the overall range will be 12,800-13,100 yuan/ton. Real order negotiation is the main focus.

The specific price range of each region is as follows

Fugu area ex-factory exchange tax is 12,800-13,000 yuan/ton; Taiyuan area is 12,900-13,000 yuan/ton; Wenxi area is 13,000-13,100 yuan/ton; Ningxia area is 12,800-12,950 yuan/ton.

Magnesium ingots are national standard (GB/T3499-2011) primary magnesium ingots; non-pickling, no wooden pallets and non-payment acceptance price, actual order negotiation is the main focus.

According to data from SunSirs, on the 27th, the average domestic market price was RMB 12,933.33/ton, a decrease of 3.72% from the average price of RMB 13,433.33/ton in the early July (7.1) market.

The price stabilizes, the market outlook is mainly to maintain stable operation

Magnesium ingot prices fell behind in July and have recently stabilized. It is reported that there is not much market trading at present, and domestic downstream manufacturers have relatively sufficient stocks in the early stage. Currently, they are basically purchasing on demand and are not willing to stock up in large quantities; magnesium ingot manufacturers are affected by cost factors At present, the willingness to reduce prices and promote sales has weakened, and the willingness to suspend production and repair is relatively rising, and the market supply and demand game tends to stabilize. It is expected that some factories will suspend production for maintenance in the later period, and the supply side will have certain positive effects on magnesium prices. However, based on the reality of weak demand, it is expected that the latter will mainly operate weakly and stably, and pay attention to the changes in the rhythm of downstream procurement.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.