Price trend

When returning to the market after the Spring Festival, there was a significant increase in the magnesium market, which was 100-200 RMB/ton higher than that before the festival. According to the monitoring of SunSirs, the quotation of domestic factories started on the 31st was 21,000-22,000 RMB/ton, including tax. In January, the magnesium ingot market showed a strong and positive trend. Before the festival, the downstream replenished the stock as needed, and the market activity was high; After the festival, the quotation was relatively firm. It is learned from the factory that some factories are still executing the orders before the festival.

Analysis review

Factory

During the Spring Festival, some factories stopped production and reduced production, and the output of magnesium ingots decreased. The pressure on factory capital and shipment was not great, and on the whole, there was a strong attitude of price-supported.

Raw materials

In terms of ferrosilicon, the average market price in Ningxia on the 30th was 8,164.29 RMB/ton. The overall performance of the spot market was flat, with little price fluctuation. Although the manufacturers remained normal during the Spring Festival, the downstream market was closed as a whole, and the demand was weak; After the Spring Festival, the downstream resumed work one after another, but the logistics and transportation circulation pressure was high, and the market was still dominated by wait-and-see.

In January, the raw material semi-coke was running smoothly as a whole. With the work resumption of upstream and downstream, the market trading sentiment recovered. On January 30, the mainstream price of small and medium-sized materials in Shenmu market was 1,500-1,680 RMB/ton, and powdered coke was 1,080-1,150 RMB/ton; The mainstream price of small and medium-sized materials in Fugu market was 1,410-1,800 RMB/ton, and powdered coke was 1,100-1,300 RMB/ton.

Market outlook

In general, the supply and demand side of the market after the holiday is mostly in the stage of market exploration, and the price is basically unchanged. In the short term, the magnesium ingot market is mainly stable.

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