According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province continues to decline, with an average market price of 16550 yuan/ton at the end of the month and 16970 yuan/ton at the beginning of the month, a decrease of 2.50%.
This month’s market analysis
Magnesium prices showed a continuous downward trend in April, with prices stabilizing at 16550 yuan/ton from mid month to the end of the month without any significant rebound, indicating a loose supply-demand relationship in the market.
Supply and demand side
On the supply side, the magnesium industry is currently showing a tight supply-demand balance, with the output and inventory of major production enterprises operating in a low range. Top manufacturers maintain market bargaining power through price strategies. However, it should be noted that as some suspended production enterprises in the main production areas accelerate their resumption of work and production, it is expected that new production capacity will be released before the end of this month, and the overall operating rate of the industry will show a stepped upward trend.
On the demand side, after completing the phased centralized warehousing, the market digestion pace has significantly slowed down. At the same time, overseas orders are about to enter a centralized delivery cycle, but the momentum released by terminal demand is still insufficient. Downstream buyers are constrained by market wait-and-see sentiment and generally adopt a “sales based procurement” strategy, executing procurement plans only for rigid orders. In the international market, overseas buyers have lowered prices, resulting in a significant increase in the difficulty of landing export orders and continued pressure on market transaction activity.
In terms of raw materials
In April, the price of ferrosilicon was dragged down by the manganese silicon market (the average price of silicon and manganese in Ningxia fell by 4.04%), easing cost pressures and passively expanding profit margins for magnesium plants, stimulating production enthusiasm. The resumption of ferrosilicon production capacity in Inner Mongolia and other regions, coupled with loose supply of raw materials, further weakens the bottom support of magnesium prices.
The current situation of stable price operation in the Lantan market. Most production enterprises have inventory at a median level, and with the expectation of cost support, their willingness to raise prices has increased, maintaining a dynamic balance between market supply and demand.
Future forecast
The support on the raw material side has weakened. In terms of supply and demand, an increase in supply and a decrease in demand have led to a decline in magnesium prices. In the short term, magnesium prices may continue to fluctuate weakly.

According to the monitoring of the commodity market analysis system of Shengyi Society, as of April 18th, the price of lead 1 # was 16900 yuan/ton, a decrease of 0.09% from the lead price of 16915 yuan/ton on April 14th.
This week’s market analysis
This week, lead prices experienced a slight decline due to weak consolidation within the range.
Raw material end
The bullish expectations of recyclers continue to ferment, and the current inventory of recycled lead raw materials is still significantly lower than the historical average level of the same period. The reason behind this is that the amount of discarded lead-acid batteries is showing a decreasing trend, coupled with intensified competition in recycling channels, leading to a weakened supply elasticity in the waste battery market. Prices are easily affected by short-term supply-demand mismatches and maintain a pattern of easy rise but difficult fall.
supply end
In April, domestic northern mines were still in the stage of capacity ramp up. Currently, the raw material inventory of smelters remains relatively abundant, and the overall supply system of the mining end is running smoothly without significant fluctuations. The weekly processing fee index for domestic lead concentrate remained unchanged from last week, and there was no significant change in the profit transmission mechanism at the mining end. Regenerated lead smelting enterprises are facing significant cost inversion pressure, squeezed by high raw material procurement costs and weak downstream consumption. It is expected that the number of production reduction enterprises will further increase next week, and there is a downward risk in the industry’s capacity utilization rate.
demand side
The May Day holiday is approaching, and downstream battery production companies have gradually launched raw material inventory and stocking plans based on production linkage and raw material supply assurance considerations. Although the current procurement behavior has not yet shown a trend of concentrated volume, driven by the expected release of downstream stage replenishment demand, the market trading atmosphere is transitioning from cautious observation to a moderate recovery, and the overall activity is expected to steadily increase during the pre holiday window period.
comprehensive analysis
It is expected that in the short term, the central price of lead will show a moderate upward trend in the game of macroeconomic sentiment disturbance and fundamental support, with the upward range mainly consisting of narrow range fluctuations.

According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this week (4.14-4.18), with an average market price of 261640 yuan/ton at the beginning of the week and 256950 yuan/ton at the end of the week, a weekly decline of 1.79%.
On the supply side, the Wa State of Myanmar officially announced the process for obtaining mining and exploration permits at the end of February. Based on the actual situation, the resumption of production in its mining area may require a preparation period of three months. This situation may lead to a reduction in the amount of tin ore imported from Myanmar in April. At the same time, domestic tin concentrate processing fees are showing a fluctuating downward trend. Taking into account various factors, it may indicate that the domestic tin ore supply is expected to tighten. Although there is expected to be an increase in the supply of waste tin, the scale of the increase is constrained by multiple factors such as the waste tin recycling system and raw material quality, making it difficult to fundamentally reverse the current tight supply situation. However, this change may lead to an increase in China’s production of recycled tin in April. In addition, the inventory of refined tin in China showed a downward trend in April.
On the demand side, in April, the production capacity and vitality of China’s tin and solder industry increased, and the operating rate showed an upward trend; The import and export trade scale of China’s welding strip industry in April may shrink, and the import and export volume is expected to decrease; The production pace of China’s tinplate industry may slow down in April, and the production volume may decline.
comprehensive analysis
The short-term trend of tin price reduction has been delayed, and the news has affected consumption. After the bottom of the oscillation, the range fluctuates.

According to the Commodity Market Analysis System of Shengyi Society, the aniline market has recently stopped falling and stabilized, with some improvement in market purchasing and sales. The spot price of aniline in East China is 7500-7600 yuan/ton. It is reported that the fluctuation and decline of raw material pure benzene have dragged down the aniline market. Downstream demand for aniline is stocking up before the holiday, leading to increased demand and accelerated shipment by enterprises, resulting in price stabilization. With the end of downstream stocking in the future and insufficient cost support, it is expected that aniline will remain weak in the short term.

This week, the epoxy chloropropane market has been operating steadily at a high level. As the May Day holiday approaches, the market’s spot inventory supply is tight, and pre holiday replenishment resources are tight. Manufacturers have a positive attitude towards raising prices. According to the monitoring and analysis system of Shengyi Society, as of April 24th, the benchmark price of Shengyi Society’s epichlorohydrin was 9400 yuan/ton, an increase of 5.62% compared to early April.
Price influencing factors:
Raw material side: The market price of raw material propylene has slightly declined. According to the market analysis system of Shengyi Society, as of April 24th, the benchmark price of propylene in Shengyi Society was 6710.75 yuan/ton, a decrease of -0.52% compared to the beginning of this month (6745.75 yuan/ton).
Supply side: The spot supply of glycerol based epichlorohydrin in the market is relatively tight, and enterprises have a positive attitude towards raising prices. Overall, the operating rate remains at around 50-60%.
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. The overall trading atmosphere has improved, with no inventory pressure and a positive purchasing atmosphere. It is expected that the market will be dominated in the future.
Market forecast: Analysts from Shengyi Society believe that downstream market demand will improve and traders will have a positive purchasing attitude. It is predicted that the epoxy chloropropane market may continue to show a strong trend in the later stage, and more attention still needs to be paid to changes in market supply and demand.