SunSirs: China's Magnesium Market Runs Steadily on February 9
February 10 2022 08:29:03     SunSirs (Linda)On February 9, the ex-factory price including tax in 99.9% of the mainstream areas was 44,000 yuan/ton, up 2.33% over the previous year. Recently, the quotations have been mainly stable.
The market opened after the festival, and the market price of magnesium ingots remained stable, but the terminals were generally still on holiday, and the overall market demand had not been released. Around 42,000-44,000 yuan/ton, considering that in the early stage of the resumption of work, the motivation for the increase was insufficient, and the previous environmental protection policy has not yet issued detailed rules, industry insiders believe that the recent market is mainly operating in a stable situation.
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)