Price list of magnesium ingots in Shaanxi on December 6
Market analysis
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According to the data monitoring of the business agency, on the 6th, the ex factory tax price of 99.9% of the mainstream areas was 39333.33 yuan / ton, up 4.42% from yesterday’s price. The factory quotation in the main production areas of Shaanxi was increased by 1500 yuan / ton, including tax.
Supply and demand: on the one hand, the spot inventory of magnesium ingots is seriously insufficient at this stage; On the other hand, downstream procurement has taken root one after another recently, which is the main factor leading to the rapid rise of magnesium price.
In terms of policy: the central ecological and environmental protection supervision team carried out supervision work in Shaanxi in December. With the further strengthening of environmental protection in December, the magnesium price has been promoted to rise moderately. Although some magnesium manufacturers said that the impact of environmental protection supervision on magnesium ingot production capacity is unknown, the current market optimism is diffuse.
Future forecast
Business analysts believe that in view of the current shortage of magnesium ingots and the impact of environmental uncertainty, magnesium ingots are expected to be strong in the short term.
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