According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province fell this week (5.26-5.30), with an average market price of 17050 yuan/ton at the beginning of the week and 16900 yuan/ton at the end of the week, a decrease of 0.88%.
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Last week, the magnesium market showed a narrow fluctuation adjustment trend. Entering the first half of this week, due to the lack of significant improvement in market demand and the financial pressure faced by some factories towards the end of the month, these factories have chosen to offer slight price reductions and promotions in order to win orders. At the same time, some factories have maintained stable quotes or temporarily chosen not to quote, resulting in the overall magnesium market continuing its weak and stable consolidation pattern.
Supply and demand side
Recently, the downstream market is still dominated by essential procurement, and some factories have flexibly adjusted their sales strategies based on market conditions and actively shipped goods. For factories without inventory pressure, the willingness to continue lowering prices and shipping is not strong. Currently, spot resources are relatively limited, and factories are generally unwilling to ship at low prices. Affected by external factors such as the uncertainty of US tariff policies and the slowdown in global economic growth, downstream buyers are currently generally cautious. In this context, it is difficult to achieve a significant improvement in the magnesium market in the short term. Given the limited stock reserves of factories, the magnesium market price may remain at the current level, showing a stable and narrow consolidation trend. Market participants are seeking new supply and demand balance points.
comprehensive analysis
In the current situation where overall demand is weak and there is no significant positive news to stimulate the market, it is expected that the magnesium market will still face many challenges in the short term, and the market will continue to be under pressure; However, considering that the current factory spot inventory is generally low, coupled with the continued existence of essential procurement, this will provide some support for the magnesium market price, and it is expected that the difficulty of further decline in the magnesium market will increase. On the whole, the magnesium market may maintain a weak and stable trend before the Dragon Boat Festival, and all parties in the market will pay close attention to the follow-up demand.
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