SunSirs: On December 13, Price of Magnesium Ingots in the Chinese Market Rose at a High Level
December 14 2021 08:25:01 SunSirs (Linda)
On the 13th, the ex-factory price of 99.9% of mainstream areas was 41,000 yuan/ton with tax, up 2.50% from yesterday's price. Shaanxi's main production area factories' quotations were raised by 1,000 yuan/ton with tax.
From the perspective of supply and demand, magnesium plant inventories are still tight, and the transaction list has been postponed to next month. There are fewer high-priced orders in the domestic market, and transactions are dominated by rigid demand. Driven by weekend foreign trade orders, today's magnesium price is raised by 1,000 yuan/ton. From a policy perspective, traders are still waiting to see the impact of environmental inspections on magnesium ingot production in December, which will provide some support for the rise of magnesium ingots.
The current high prices in the market are insufficient to follow up and the upward momentum is not strong, and environmental protection factors are not likely to fall due to uncertainties. In the short term, magnesium market owners are operating stably, focusing on demand follow-up and environmental protection policy news.
If you have any questions, 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)
