Price trend of metallic magnesium
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Market analysis this week
In the first week after the Spring Festival, the magnesium market rose steadily. As the market demand was not fully released soon after the festival, the overall market was stable. According to the price monitoring of the business agency, as of the 11th, the ex factory quotation including tax in the domestic magnesium ingot Market was 45000 yuan / ton, up 2000 yuan / ton from a year ago.
In terms of factories, many have returned to normal work and successively completed the futures orders of years ago. Considering that the previous environmental protection policies have not been implemented yet, and the magnesium ingot Market is still likely to rise, the manufacturers have inventory and are reluctant to sell. In terms of demand, the downstream has more resources after replenishment years ago, and large-scale procurement is not considered for the time being. In addition, some downstream businesses have not finished their holidays. It can also be seen from the market performance at the end of the week that the inquiry began to ease, and the mainstream transaction price is stuck at about 43000 yuan / ton, mainly on the sidelines, and the follow-up development of demand needs needs to be observed.
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Future forecast
Business analysts believe that just after the Spring Festival, the demand side has not been fully opened, coupled with the uncertainty of environmental protection policies, the sentiment of magnesium market is relatively mild. At present, the view on the price of magnesium ingots in the short term is still in a game wait-and-see situation, and most of them hold a stable view.
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