Trend of metallic magnesium in recent March
Market analysis this week
Since December, the magnesium ingot Market has continued to develop steadily and upward. This week, the magnesium market is first Yang and then stable. After returning to the market in the early part of the week, the price of magnesium rose again, there was less spot on the supply side, and the quotation showed an upward trend. In addition, the market speculation increased recently. In the later part of the week, the downstream became more cautious about purchasing high priced magnesium, and the price of magnesium ingots remained high, but the actual number of orders was not large.
As of December 17, the specific price range of each region is as follows: ex factory tax cash exchange in fugu area is 41900-42000 yuan / ton; The ex factory tax included spot exchange in Ningxia is 41900-42000 yuan / ton; Taiyuan factory tax included spot exchange 42000-421000 yuan / ton; The ex factory tax included spot exchange in Wenxi area is 42100-422000 yuan / ton.
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Cost side impact
On December 17, the price in the main production area of Ningxia was 8100-8200 yuan / ton. The long-awaited ferrosilicon bidding price of Hegang group in December was finalized. The pricing was 8600 yuan / ton, 2400 yuan / ton lower than that of the previous month, 398 tons lower than that of the previous month, 1051 tons lower than that of the previous month. At present, the market direction is clear, but compared with the previous month, the market pessimism is difficult to change.
The price of orchid charcoal decreased slightly. The mainstream price of small and medium-sized materials in fugu market was 1650-1750 yuan / ton. The overall supply of orchid charcoal enterprises due to environmental protection inspectors in Shaanxi decreased compared with before. At present, the raw material market is stable and weak, which has little impact on the price of magnesium ingots.
Future forecast
On the whole, the reason why the magnesium ingot Market rose again in the new week is almost the same as that in the first two weeks of this month. It is understood that there is still a tight supply situation. At the same time, downstream demand procurement is also relatively cautious. Futures are mainly reserved, and the acceptance of high prices is limited. Magnesium manufacturers are more optimistic about the short-term market, and in recent times, The last environmental protection inspection of the year will also be carried out. Business analysts believe that there is limited room for further growth in the future, so we need to wait and see the performance of demand release at the end of the year and the follow-up impact of environmental protection inspectors.
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