Magnesium market trend

On April 20, 2021, the price range of magnesium ingots (99.9%, non pickling, simple packaging) ex factory cash including tax in the main production areas in China is 16200-16600 yuan / ton, mainly through actual single negotiation.

The specific price range of each region is as follows:

In fugu area, the ex factory spot exchange including tax is 16200-16500 yuan / ton; in Taiyuan area, it is 16400-16500 yuan / ton; in Wenxi area, it is 16400-16600 yuan / ton; in Ningxia area, it is 16300-16400 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.

According to the data of the business association, the average market price of the main production areas on the 20th was significantly higher than that quoted last weekend, with a range of 500-800 yuan / ton.

It is reported that the strong rebound of magnesium ingot price this week is mainly based on two factors.

On the supply and demand side, the current market demand is relatively improved, the number of inquiries is increasing, and the manufacturers in the main production areas do not have much inventory. Affected by the price of raw materials, the early operating rate is not high, and the production is relatively insufficient. Last week, the price of aluminum rose sharply, breaking through the level of 10000, and the price performance ratio of magnesium used in the downstream increased.

In terms of import and export, according to the information of exporters, export orders began to pick up and rise, with an increase in order volume. The production in foreign countries has gradually recovered, and the demand for magnesium ingots has picked up.

On the whole, the current domestic shipping situation is good, some of the trading in advance. Analysts from business news agency believe that due to the relatively high price of coal, high cost pressure, low inventory of enterprises and large proportion of pre-sale transactions, manufacturers are relatively willing to support the price. It is expected that the price of magnesium ingot will be strong in the near future.