This week, the price of magnesium ingots failed to continue the upswing in the previous period, and the price dropped slightly. According to the data of the business community, on August 17, the domestic standard magnesium ingot (99.90) was quoted at 17614.29 yuan/ton, compared with the early (08.13) magnesium. The price of ingots was RMB 17,814.29/ton, a decrease of 1.12%. It is reported that this week, the market of magnesium market fell, mainly due to the lack of downstream demand, buying is not good, as of the 17th, the willingness of all major manufacturers to weaken, the external offer has been lowered, the range of reduction is 200-400 yuan / Tons of tons. At present, the price of the Fugu area in Shaanxi is 17300-17600 yuan / ton, the price in Ningxia is 17400-17600 yuan / ton, the price in Shanxi Wenxi area is 17600-17800 yuan / ton, and the price in Taiyuan is 17500-17700 yuan / ton.

Throughout the year, the operation of the magnesium market in January-May was relatively stable, mainly at the low level of 15000-15500 yuan/ton. After mid-May, the magnesium price bottomed out. Since June, there have been two bands rising. According to business community data, on August 17, domestic magnesium ingots (99.90) were quoted at 17614.29 yuan / ton, compared with the beginning of the year (1.1) magnesium ingots were quoted at 15,437.50 yuan / ton, an increase of 14.10%.

Downstream wait and see, market is cold

The second wave of rising annual prices opened in early August, the rapid rise, based on the suspension of production and maintenance of some manufacturers, coupled, high temperature weather production is limited, the factory spot supply is tight, magnesium ingot manufacturers are willing to price, one day a price, some manufacturers less Hanging high bids, and even breaking through the peak price of magnesium ingots last year, downstream companies in such a hot market, more pressure, began to wait and see, market trading weakened, market players gradually calm.

This week, the price of magnesium ingots began to loosen down. On the one hand, it was strengthened based on the willingness of traders to ship, and low-priced shipments occurred. On the other hand, downstream enterprises mainly waited for purchases, especially after the 15th, market inquiry delivery. The trend of cooling is significant. Market participants have slightly changed their views on the market outlook of magnesium ingots. The willingness of magnesium ingot manufacturers to start to price has also begun to weaken, and the price of magnesium ingots has dropped slightly.

The fundamentals have not changed.

At present, the production rate is not high in the main producing areas, and the inventory has not changed significantly. In view of the high price of magnesium ingots, it is expected that the price of magnesium ingots will be limited in the later period, and the probability of downturn will increase.