Author Archives: lubon

On February 9, the magnesium market was stable

Price list of magnesium ingots on September 9

 

Market analysis

 

According to the data monitoring of business agency, 99.9% of the factory price including tax in mainstream areas was 44000 yuan / ton on the 9th, up 2.33% from a year ago. Recently, the quotation is mainly stable.

 

After the opening of the market after the festival, the market price of magnesium ingots remained stable, but the terminals are still on holiday, and the overall market demand has not been released, which needs to be further followed up by the market. Most magnesium factories are still completing the orders before the festival, and the quotation is more firm and close to 42000-44000 yuan / ton. Considering the lack of rising power in the early stage of resumption of work and the fact that the previous environmental protection policies have not yet issued detailed rules, Insiders believe that the recent market is dominated by steady-state operation.

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The fundamentals changed little, and the copper price fluctuated mainly in a narrow range

1、 Trend analysis

 

 

As shown in the figure above, copper prices fell slightly on the 8th, with the spot price of 70765 yuan / ton, down 0.52% from the previous day and up 1.19% from the beginning of the year. Since the beginning of this year, copper prices have mainly fluctuated in a narrow range.

 

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Previously, the downward adjustment of the US dollar index weakened the pressure on the metal and stabilized recently. There is no obvious driving force on the fundamentals, the overall supply and demand are weak, and the price fluctuates in the range. At present, the macro situation has improved and the domestic interest rate has been reduced. In the past half month, LME copper inventory has continued to decline, falling to around 80000 tons, and the US dollar is still weak. It is expected that the copper price will maintain the range fluctuation.

On February 7, the domestic phosphate ore market was temporarily stable

Product Name: phosphate rock

 

Latest price (February 7): 700 yuan / ton

 

Key points of analysis: according to the data monitoring chart of the business agency, on February 7, the domestic phosphorus ore market was temporarily and stably sorted and operated. The average market price of 30% grade phosphorus ore in China was 700 yuan / ton, which was basically the same as that of the previous working day. On the 7th, after the Spring Festival, mining enterprises in some parts of China resumed construction one after another, and the market on the site was temporarily stable and changed significantly. The quotation of 30% grade phosphate rock freight plant in Guizhou is around 660-680 yuan / ton, the price of 28% grade phosphate rock freight plant is around 580-630 yuan / ton, the quotation of 30% grade phosphate rock freight plant in Guangxi is around 630-680 yuan / ton, and the price of 28% grade phosphate rock freight plant is around 570-630 yuan / ton.

 

Future forecast: at present, the market fluctuation of domestic phosphorus ore mines is limited. Phosphorus ore analysts of business society believe that in the short term, most of the domestic phosphorus ore market will continue to operate stably, and more attention needs to be paid to the news changes of supply and demand.

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On January 27, the domestic market of polyaluminium chloride continued to be cold

Trade name: polyaluminium chloride

 

Latest price (January 27): 2507.5 yuan / ton

 

Market analysis: according to the monitoring data of business society, the domestic mainstream quotation of solid (industrial grade, content ≥ 28%) polyaluminium chloride on January 27, 2022 is 2507.5 yuan / ton. At present, the national water treatment manufacturers have basically entered the state of Spring Festival holiday, with sufficient inventory and almost static demand and transaction.

 

Future forecast: the domestic market of raw hydrochloric acid fluctuates slightly in the near future, there is little demand for water treatment products downstream, logistics is shut down, downstream enterprises start rarely during holidays, and the polyaluminium chloride market continues to be cold.

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On January 26, the price of potassium nitrate in Shanxi rose

According to the statistics of business agency: the market of potassium nitrate rose on January 26. The quotation of mainstream manufacturers of potassium nitrate in Shanxi is 6100 yuan / ton (the quotation is only for reference). The quotation is different according to different procurement conditions. The recent consolidation of the high price of the international potassium chloride market can support the cost of potassium nitrate. The trading atmosphere of the potassium nitrate Market is relatively active, the inventory is low, the manufacturers ship according to the order, and the potassium nitrate market continues to rise.

 

The potassium chloride market has reached a new high in the near future, and the cost support is good. It is expected that the potassium nitrate Market will mainly rise in the short term, and the long-term market still needs to wait and see. (the above prices are provided by major manufacturers of potassium nitrate all over the country and sorted and analyzed by potassium carbonate analysts of business society. They are for reference only. Please contact relevant manufacturers for more price details).

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