Price trend of metallic magnesium

Market analysis this week

According to the data monitoring of business agency, as of the 20th, the average price of the domestic market was 34333.33 yuan / ton, down 3.74% on a weekly basis. The magnesium ingot market continues to be weak this week. At present, the inventory and capital of magnesium factories are different. The inventory pressure of large factories is small, and the quotation is relatively stable. Some enterprises do not quote temporarily and choose to wait and see; The inventory of some factories is on the high side, and the price is reduced with the market, and the difference in market quotation is also obvious. On the whole, the magnesium ingot market fell first and then stabilized this week.

Export side

According to the statistics of China’s customs, in April, China exported 42400 tons of various metal magnesium products, a month on month decrease of 17.2% and an increase of 6.3% over the same period last year; The export volume was US $286 million, a month on month decrease of 19.2% and an increase of 147% over the same period last year.

Supply and demand

In terms of the plant, the magnesium plant still maintained normal operation and high output. On the demand side, due to the approaching shipping date at the end of the month, exporters increased their procurement efforts. In addition, the price of magnesium ingots fell close to the psychological price of traders, the market speculation became more, the trading atmosphere in the venue improved in the middle and late weeks of the week, and the inquiry of downstream customers increased.

Upstream and do

wnstream

On the cost side, on May 19, Shenmu Lantan group issued a notice on the price rise of Lantan. Some market participants believe that the price rise of Lantan has a limited impact on the metal magnesium market. This week, the overall price of ferrosilicon market tends to be stable. The spot price fluctuates with the futures disk price. There is no policy stimulus in the ferrosilicon spot market, but it is still stable. At the downstream end, the market price of magnesium powder and magnesium alloy decreased first and then stabilized with the magnesium ingot this week. While the cost side support is insufficient, the downstream procurement demand continues to be cold, and the mentality of magnesium powder and magnesium alloy enterprises is not optimistic.

Future forecast

This week, due to the large differences between different factories, the market quotation differentiation is more serious. Although the demand has increased, most people in the field are still not optimistic about the future market, the market acceptance of high-priced magnesium is still not high, the raw materials ferrosilicon and coal show signs of coming back, the bargaining power of magnesium factories is limited, and business analysts believe that the short-term magnesium market is weak.