Magnesium market trend in 2020

The price of pickling ingot is mainly in the range of 16000-15600 tons in December 2020, and the overall price of pickling ingot is not stable.

The specific price range of each region is as follows:

In fugu area, the ex factory spot exchange including tax is 15600-15900 yuan / ton; in Taiyuan area, it is 15800-16000 yuan / ton; in Wenxi area, it is 15900-16000 yuan / ton; in Ningxia area, it is 15700-15800 yuan / ton.

Magnesium ingot is original magnesium ingot according to national standard (GB / t3499-2011); non pickling, no wooden pallet and non payment acceptance price, mainly based on single negotiation.

This round of rising market is based on two logical lines.

In the early stage of the rebound, the external single centralized mining, the increase of inquiry volume, combined with the price differentiation of magnesium and aluminum, the market bottomed out and the rebound expectation was strengthened; in addition, the raw material price rose, and the cost side bonus, the industry saved itself, and the willingness of mainstream manufacturers to raise prices increased significantly.

At present, due to weather factors, the transportation sector is affected, the market trading volume is average, some traders close down in advance, and the price is mainly weak and stable.

Future forecast

Near the end of the month, some magnesium ingot manufacturers’ demand for return funds is on the rise. In addition, the early hoarders have higher willingness to ship at the current price, and the long short game is intensified. It is expected that the probability of stable operation will increase in the near future, and the oscillation range is 15500-15800 yuan / ton.