Market analysis of this week
| povidone Iodine |
According to the monitoring of Business News Agency, the average price in the domestic market was 22000 yuan/ton as of March, up 1.23% from last week. At the beginning of the week, the price of magnesium rose slightly by 200 yuan/ton, and then stabilized.
Supply and demand
The magnesium plant was shut down for maintenance before and after the holiday. After the holiday, the price of the factory was firm. The downstream customers were still waiting and waiting. The overall demand was poor. Some customers mainly digested the temporary inventory.
Raw materials
The average market price of ferrosilicon in Ningxia is around 7900-8100 yuan/ton. After the Spring Festival, the futures market price dropped sharply, driving the spot market price to lower. Ferrosilicon manufacturers in Ningxia have resumed production in succession, while production in other regions is relatively stable, with the national operating rate (capacity utilization rate) of 45.21% as of February 2; The average daily output is 17058 tons. National ferrosilicon production (weekly supply): 119400 tons.
| Azodicarbonamide (AC foaming Agent) |
The price of blue charcoal in Fugu market was stable. All coal mines have not yet resumed work and production, and the upstream and downstream of the blue charcoal enterprises have a wait-and-see attitude, and the market is strongly bearish about coal prices.
Aftermarket forecast
In general, the market advocates a cautious wait-and-see atmosphere, and the manufacturers’ quotation sentiment is strong, but the small drop in raw material prices and the poor follow-up of downstream demand have led to the pressure on magnesium ingot prices. Considering the rigid demand of some enterprises entering the market after the Lantern Festival, it is expected that the short-term magnesium ingot prices will remain stable.
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