Market analysis for this week
| Bacillus thuringiensis |
According to the monitoring of Business Society, as of the 23rd, the average price of magnesium ingots in the domestic market was 27500 yuan/ton, a decrease of 4.62% on a weekly basis. This week, the foam of magnesium ingot market price rise was broken, and the price fell broadly. At the beginning of the week, the market price rose to 28500-30000 yuan/ton, and the overall transaction in the market was average. Some manufacturers cut prices to choose the opportunity to ship. Starting from Tuesday, the price of magnesium gradually decreased to around 27500 yuan/ton.
In terms of supply and demand
In terms of factories, many manufacturers, in view of the current magnesium price profit in line with expectations, took the initiative to give up the price for shipment, and the market price was also lowered. There are also large manufacturers whose quotations remain firm, resulting in the coexistence of high and low resources in the market. In terms of demand, there is currently no further news on the blue charcoal rectification policy. The downstream market is gradually returning to rationality, and considering the continuous rise in magnesium prices in the early stage, which exceeds the downstream acceptance range, downstream demand space is limited.
In terms of raw materials
| Chitosan oligosaccharide |
The average market price of ferrosilicon in Ningxia is 7511.43 yuan/ton, with a spot price fluctuation of about 10-20 yuan/ton. This week, the price of ferrosilicon rose first and then fell, and the market hype dissipated. Short term ferrosilicon is currently constrained by weak demand and will experience periodic fluctuations. The raw material blue charcoal market is operating steadily and weakly, with mainstream prices for small and medium-sized materials in the Shenmu market ranging from 1280 to 1470 yuan/ton.
Future Market Forecast
Overall, the enthusiasm for the rectification of Lancan has gradually faded, and the magnesium ingot market is gradually returning to rationality. In the absence of other favorable factors, the market price returns to the fundamentals. Downstream market demand cannot continue to follow up, and there is a strong bearish sentiment in the market. It is expected that magnesium prices will be weak in the short term.
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