Magnesium market trend
On March 30, 2020, the factory cash price including tax of magnesium ingots (99.9%, non pickling, simple packaging) in main domestic production areas was slightly recalled, and the overall operation was stable. At present, the mainstream quotation range is 13700-14000 yuan / ton, and the actual single negotiation is the main part.
|PVA 1788 (PVA BP17)|
According to the tracking information of the business agency, the main quotation range of magnesium ingots in fugu (99.9%) is 13700-13800 yuan / ton; that of magnesium ingots in Ningxia (99.9%) is 13750-13850 yuan / ton; that of magnesium ingots in Taiyuan (99.9%) is 13850-14000 yuan / ton; that of magnesium ingots in Wenxi (99.9%) is 13900-14000 yuan / ton.
At present, the market is weak, the actual trading is not much, just need to purchase mainly, the market inquiry is mostly. On the one hand, due to the small number of orders of traders, it is prudent to enter the market for procurement; on the other hand, due to the general decline of bulk commodities, the factory’s willingness to store goods is moving down, and small-scale procurement is the main thing.
Expected market outlook
The downstream demand is weak. At present, the price of magnesium ingot is back to normal. It is expected that it will run stably in the near future, and pay attention to the change of downstream purchase rhythm in the later stage.