On December 21, the price of magnesium ingot was cold and fell under pressure

Price list of magnesium ingots in Shaanxi on the 13th

 

Thiourea

Market analysis

 

According to the data monitoring of business agency, on the 21st, 99.9% of the factory price including tax in mainstream areas was 42000 yuan / ton, down 0.79% from last weekend, and the quotation of factories in main production areas of Shaanxi was reduced by 1500 yuan / ton including tax.

 

Yesterday’s market was mainly wait-and-see. Compared with yesterday, the price of magnesium fell by 1500 yuan / ton. Last week, foreign customers replenished before the festival. This week, due to the holiday, orders also decreased simultaneously; There are still few domestic spot goods, mainly futures signing, increasing caution in downstream procurement, low willingness to accept high-priced magnesium ingots, insufficient price support at the raw material end, and the market price of metal magnesium is cold and under pressure.

 

Future forecast

 

Business analysts believe that the supply and demand sides are still in a stalemate game, and the short-term coal price has a rational downward trend.

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