Price trend of magnesium metal
| Azodicarbonamide (AC foaming Agent) |
Market analysis this week
According to the data monitoring of business agency, as of December 12, the average price in the domestic market was 22766.67 yuan / ton, and the mainstream price was about 22400-22500 yuan / ton. This week, the magnesium ingot price fell first and then stabilized. The downward trend narrowed, and the early price fell below the cost line, resulting in an increase in the willingness of magnesium plants to stabilize the market.
Supply and demand
The supply side of magnesium ingots is still at a high level. Although the production reduction of magnesium plants increases under the pressure of high-temperature factory operation in summer and poor sales of blue carbon, the overall market mentality is empty due to the continued weakness of the demand side. The oversupply of magnesium is still an important contradiction in the current market.
Upstream and downstream
In the coke market, this week’s first round of increase landed. On Tuesday, the first round of increase of coke, which had been preheated for five days, landed completely. The range of this round of increase was 200-240 yuan / ton. Recently, the price of ferrosilicon has rebounded, and the futures market has rebounded after a continuous decline. However, most enterprises are still on the edge of profit and loss, and the spot price of ferrosilicon may continue to operate weakly and stably in the short term.
| povidone Iodine |
The downstream magnesium powder and magnesium alloy are slightly adjusted, and the enterprises mostly produce according to the single order, so the demand for magnesium ingots is general.
Future forecast
The weakness of downstream demand led to the downward pressure on the price of magnesium ingots. With the continuous decline of the price, the magnesium plant took into account the small profit or even loss, and the increase of factory maintenance, so the decline of the magnesium ingot Market was postponed. However, in the absence of obvious favorable support in the market, it is expected that the magnesium price will bear certain pressure.
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