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The operation of magnesium market is firm and stable this week

2023-07-11 10:28:35
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Last week, supported by the continuous tight spot of factories, the magnesium market was running steadily as a whole. As of June 22, 99.9% of the magnesium ingots in Fugu, Shaanxi, reported the mainstream ex factory tax inclusive cash price of 15600~15700 yuan/ton, and the mainstream transaction price of 15600 yuan/ton, which was a lower price source; 15700~15800 yuan/ton in Ningxia and Taiyuan; In Wenxi area, 15900~16000 yuan/ton, which is stable with the price of the previous week, the acceptance price plus 300 yuan/ton, all of which are non pickling and simple packaging prices. The export FOB price is 2500 US dollars~2530 US dollars/ton. Fused magnesia


It is understood that the transaction situation in magnesium market was normal last week, and there are still few factories in stock at present. Market people continue to look at the market this week.


On June 22, the author learned from the sales general manager of a magnesium factory in Fugu area that they reported the ex factory tax inclusive cash price of 15600 yuan/ton of ordinary magnesium, which was fair.

A magnesium industry person in the northern region said that the transaction situation in the magnesium market was normal last week. As soon as there was a supply of cash including tax of 15500 yuan/ton in Fugu area, it would be quickly accepted. At present, there are few factories in stock. The person looked at the magnesium market this week.


A general manager of the magnesium powder factory also said that the factory has few stocks, and the current procurement generally needs to wait for 3-5 days to pick up the goods. This person also believes that the magnesium market is not affected by the ferrosilicon market at present. Although the ferrosilicon market is stable and weak, the magnesium market is unlikely to decline. However, due to the impact, some downstream users of magnesium also use less magnesium, and the magnesium market has insufficient upward momentum under the condition of few orders.


According to the analysis, from the perspective of supply and demand, the current factory stock is generally tight. In addition, the arrival of the summer solstice on June 21 means that the "mode" is open throughout the year, workers work hard, and the factory output is limited. It is expected that the magnesium factory quotation will remain firm and upward, and the magnesium price will be difficult to decline. Considering that it is difficult for downstream users to accept the high price, and that downstream enterprises will also carry out equipment maintenance in summer, it is not easy for magnesium prices to rise due to weak demand, so magnesium market will be more stable this week.



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