28 magnesium ingot Market Price weak stability
On May 28, 2021, the price range of magnesium ingots (99.9%, non pickling, simple packaging) in the main production areas in China is 17700-18300 yuan / ton, mainly through actual negotiation.
The specific price range of each region is as follows:
In fugu area, the ex factory spot exchange including tax is 17900-18100 yuan / ton; The spot exchange in Taiyuan is 18100-18200 yuan / ton; Spot exchange in Wenxi area is 18200-18300 yuan / ton; The spot exchange in Ningxia is 18000-18100 yuan / ton.
Magnesium ingot is primary magnesium ingot according to national standard (GB / t3499-2011); Non pickling, no wooden pallet and non payment of acceptance price, solid single negotiation.
Magnesium price is weak and volatile this week
According to the data of the business agency, the market quotation of the main production areas rose to 17400-17600 yuan / ton at the end of April. When they came back after the festival, the market quotation was high and the source of low price goods was hard to find. As a result, the price of tons soared by 4000-5000 yuan / ton.
It is reported that on the 8th, it was difficult for downstream end users to find low-cost sources of goods, and it was not easy to make pre Festival quotation inquiries. In the middle of May, the market quotation reached a historical market high of 22000 yuan / ton.
At the beginning of this week, the market quotation fell back to 17500 yuan / ton, and the volume of market inquiry increased. Due to the chaotic situation of market price after the sharp fall, the market trading was relatively active with the opening of market entry window. The market price of magnesium rose slightly on Tuesday and Wednesday, with a small range. The mainstream quotation was in the range of 17900-18000 yuan / ton, with few transactions, and the price was slightly loose on Friday.
Multi space steady state or gradual formation
On the supply side, the mainstream manufacturers do not have much stock, and the overall spot stock is not large. Towards the end of the month, some manufacturers are willing to withdraw funds, and the price is slightly loose. The overall quotation is relatively firm due to the influence of cost factors.
On the demand side and downstream, affected by the current high price, the willingness to store goods is very low. Most of them purchase on demand, just need to prepare goods, and they don’t undertake much at high prices, so the purchase volume is small.
After this week’s long short seesaw, it is expected to gradually form a stable price. Recent consolidation weak stable operation
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