Price trend of magnesium metal

Market analysis this week

According to the monitoring of the business community, as of the 18th, the average price in the domestic market was 24000 yuan/ton, down 1.64% on a weekly basis. The price of magnesium ingots fell weakly this week, with a cumulative decline of 300-500 yuan/ton. The psychology of buying up rather than buying down was obvious, and the demand remained low.

Raw materials

The average market price of ferrosilicon in Ningxia is 8142.86 yuan/ton. On Friday, futures prices rose significantly and spot prices eased. The price of coke has also retreated. There is a market rumor that the capacity replacement in Inner Mongolia will maintain a natural transition state, which is not mandatory. Most coke enterprises are mainly wait-and-see.

Downstream

The price of magnesium powder and magnesium alloy in the downstream follows the weak and steady progress of magnesium ingot, and the overall demand is average, only supported by rigid demand. Under the influence of the energy crisis and exchange rate, the actual performance of foreign orders was flat.

Future market forecast

Affected by the poor demand, the market has depressed the factory quotation, and most of the industry people are cautious, but they are not optimistic about the future market. However, considering the high price of ferrosilicon and raw coal, the price of magnesium ingot is basically near the cost line at present, and the decline of magnesium ingot is limited. It is expected to operate weakly and stably in the short term.