Trend of metallic magnesium in recent March
| Azodicarbonamide (AC foaming Agent) |
Market analysis this week
This week, the price of magnesium decreased first and then increased. At the beginning of the week, the high level was obviously loose, and then fell back. Many traders fell steadily and secretly, and downstream buyers were also more cautious in purchasing. By Wednesday, the situation in magnesium city had risen again, mainly due to the convening of the Yulin environmental protection inspector case meeting the day before, and the magnesium price returned to 50000 yuan / ton.
As of December 24, the specific price range of each region is as follows: ex factory tax cash exchange in fugu area is 49900-50000 yuan / ton; The ex factory tax included spot exchange in Ningxia is 49900-50000 yuan / ton; Taiyuan factory tax included spot exchange 50000-50100 yuan / ton; The ex factory tax included spot exchange in Wenxi area is 50100-50200 yuan / ton.
Inventory supply and demand are both tight
According to the business agency, some traders said that there was little inventory left in the factory, and some factories suspended quotation. The output of magnesium in Yulin from January to November was 474000 tons, down 5.2%.
After the stock replenishment before the festival in foreign countries, during the Christmas holiday this week, orders fell sharply, overseas transactions were cold, lack of support from overseas orders, and domestic procurement was mainly rigid demand, so the quotation of magnesium ingots was under pressure.
Environmental news triggered a jump in magnesium prices
On the afternoon of December 22, the Symposium on typical cases of the central ecological and environmental protection inspectors was held in Yulin. The meeting informed the central ecological and environmental protection inspector of the typical case of “ineffective elimination of backwardness, frequent illegal construction and prominent environmental problems in the blue carbon industry” in Yulin, conducted a profound and comprehensive analysis on the problems involved, and arranged the deployment of rectification work.
| povidone Iodine |
According to the data monitoring of the business agency, the orchid charcoal market was weak and stable on the 24th. The mainstream price of small and medium-sized materials in fugu market was 1650-1750 yuan / ton, and the coke surface was 1150-1250 yuan / ton. Under the influence of environmental protection inspectors, Lantan enterprises are expected to stop production and limit production. Previously, the enterprises that stopped production are expected to resume production in years, and some of them will suspend shipping quotation.
The sudden news from the environmental protection inspector once again panicked the magnesium ingot Market. Some magnesium plants rose 10000 yuan a day to 50000 yuan / ton of tax included spot exchange. Some magnesium plants did not offer prices and waited on the market. Downstream purchasers do not buy the sudden surge in prices. They are more cautious and wait-and-see, and the transaction is not positive. Traders have a strong willingness to support prices due to policy uncertainty.
Future forecast
From the perspective of supply-demand relationship, there are not many spot goods at present, and the demand side performance is not ideal. The high price follow-up of downstream users is not strong. At the same time, due to foreign holidays, orders are also reduced synchronously, and the driving force for the rise of magnesium ingots is insufficient. Traders are expected to offer more firm prices under the influence of environmental protection policies, and the high price support of magnesium ingots is still in progress. Therefore, business analysts believe that the magnesium ingot Market will maintain a high and stable operation in the short term, and we need to pay close attention to the policy details in the follow-up.
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