Price trend of metallic magnesium
| povidone Iodine |
Market analysis this week
According to the monitoring data of the business agency, as of the 10th, the average price in the domestic market was 27000 yuan / ton, down 7.95% on a weekly basis. In the early stage of this week, the price of magnesium ingots continued to fall, the demand side continued to be depressed, and the news was not good. The price of magnesium ingots fell to about 26000 yuan / ton. According to insiders, the current market price has been close to the production cost line, and the willingness of magnesium factories to make price concessions has weakened. As the market price at the end of this week rebounded slightly compared with the early stage.
Supply and demand
In terms of supply, the overall supply is relatively abundant. It is understood that the domestic magnesium ingot output in May was about 85800 tons, with a month on month increase of 1.95% and a year-on-year increase of 29.12%. From January to may, the domestic magnesium ingot output was 422400 tons, with a cumulative year-on-year increase of 26.36%. In terms of demand, downstream customers are still cautious about the future market of magnesium ingots. With the correction of market prices, downstream customers’ acceptance has improved, and they have started to enter the market to purchase one after another. Recently, the purchase has increased.
Upstream and downstream
| Sodium Molybdate |
On the cost side, the ferrosilicon market rose first and then fell following the disk this week, and the spot price was raised. The mainstream price in Ningxia was around 9000-9300 yuan / ton, and the average market price was 9125 yuan / ton. There was still room for ferrosilicon profits, and the manufacturers’ production enthusiasm was good, which was basically in a greedy state. The coke market increased slightly, the first round of increase was implemented, and the current round of increase was 100 yuan / ton. At the downstream end, the consumption followed up with the sharp decline of magnesium price. This week, the willingness to purchase magnesium powder and magnesium alloy increased, and the market began to purchase one after another, and the transaction performance improved.
Aftermarket forecast
With the rising prices of coke and ferrosilicon, the current magnesium price has approached the factory cost line, and some factories have inverted the cost. The cost side has given a certain support to the magnesium price, but the demand side is depressed, the inventory is slowly overstocked, and the recovery of magnesium price still needs efforts. At present, the analysts of the business community believe that the factory has a strong willingness to stabilize the price. With the improvement of the epidemic situation and the gradual recovery of downstream demand, it is expected that the bottom will be built and stabilized in the short term.
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