According to the monitoring of the commodity market analysis system, the magnesium ingot market in Shaanxi region stopped falling and rebounded this week (12.15-12.19), with an average market price of 15550 yuan/ton at the beginning of the week and 15650 yuan/ton at the end of the week, an increase of 0.64%.
This week, the magnesium ingot market overall showed a trend of stabilizing at the bottom, and it is difficult to find sources of goods with prices below 15600 yuan/ton in the market. The supply and demand sides are in a stalemate at the current price level, and there has been no significant change in the market situation for the time being.
Supply and demand side
On the supply side, the factory has a firm stance on stabilizing prices. It is understood that the quotations of various factories in the current market are basically consistent, showing a trend of rising prices, and there is no situation of actively reducing prices and giving benefits. Most factories have already achieved a certain amount of shipments in the early stage, and currently there is no pressure to release inventory. In addition, given that the current magnesium price is at a relatively low level and has already reached the cost line, factories are unwilling to further lower their quotes, and the overall market atmosphere is strong for price stability.
In terms of demand, downstream customer groups and intermediaries are still adopting a cautious and wait-and-see attitude, with only a few users with rigid demand carrying out a small amount of replenishment operations. The overall market is showing a trend of weak demand and has not yet shown substantial improvement.
raw material end
The price of coal shows a slight upward trend, while the prices of blue charcoal and ferrosilicon remain stable, and the overall cost remains basically unchanged.
comprehensive analysis
The market has been under continuous pressure recently, and it was not until the second half of this week that signs of recovery gradually emerged. Against the backdrop of a slight increase in demand side order volume, the price trend of magnesium smelting enterprises will continue to diverge, and it is expected that the market will steadily recover with slight fluctuations in the future.
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