The overall quotation of magnesium metal market remains strong

The overall quotation of magnesium metal market remains strong. Driven by the news of raw materials, the price of magnesium has risen rapidly by 1,000 yuan/ton so far. Driven by this, the overall shipment of manufacturers is good. The inventory of some large factories remains at a low level. Small factories basically have no spot orders to arrange production. Therefore, there are fewer low-priced sources in the market today. There are individual orders that can be negotiated in the morning. The mainstream price remains stable in the afternoon, and low-level sources are difficult to find. The mainstream ex-factory cash of 99.90% magnesium ingots in Shanxi, China is about 17,400-17,500 yuan/ton including tax. The mainstream transaction price remains at 17,300-17,400 yuan/ton. Other regions follow with slight adjustments. The mainstream ex-factory cash of magnesium ingots in Wenxi, Shanxi is 17,400-17,500 yuan/ton including tax.

As for factories, manufacturers are currently under no inventory pressure and have a strong willingness to maintain prices overall. Except for individual small factories whose actual order prices can be negotiated in a small range, the mainstream remains stable and low-priced sources are difficult to find.

In terms of demand, the recent market is mainly focused on delivering domestic orders. Due to the current domestic purchase order problem and the low purchasing price in the minds of foreign merchants, although foreign customers have been active in inquiries during the recent price increase, the overall order situation is poor, and the mentality is cautious, mostly waiting and watching the market.

In terms of raw materials, the overall price of raw materials remains stable. The mainstream ex-factory price of 75 ferrosilicon in Shaanxi is 5900-5950 yuan/ton, the price of small materials of semi-coal in Shenmu is 605-670 yuan/ton, and the price of dolomite in Wutai Mountain, Shanxi is 180-200 yuan/ton.

In general, driven by market sentiment, the overall market price is strong, and under the sentiment of low inventory manufacturers reluctant to sell, there are fewer low-priced sources in the market. It is expected that in the short term, it will be mainly in this form, but the news of suspension of production in terms of raw materials has been settled. With the market returning to rationality, the price is insufficient. It is expected that the metal magnesium market will be mainly stable in the short term.
 

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