Magnesium market trend
On May 26, 2020, the ex factory cash price including tax of magnesium ingots (99.9%, non pickling, simple packaging) in main domestic production areas was lowered. At present, the main quotation range is 13150-13400 yuan / ton, and the actual single negotiation is the main part.
According to the follow-up information of the business agency, the ex factory spot exchange including tax in fugu area is 131500-13300 yuan / ton; the spot exchange in Taiyuan area is 13250-13350 yuan / ton; the spot exchange in Wenxi area is 13300-13500 yuan / ton; the spot exchange in Ningxia area is 13200-13300 yuan / ton.
According to the data of the business agency, the average price of the domestic market on the 25th was 13216.67 yuan / ton, up 0.89% compared with the average price of 13100 yuan / ton at the beginning of the month; the average price of the market at the beginning of the year (1.1) was 14166.67 yuan / ton, down 6.71%.
The market of raw material ferrosilicon rises with strong support on cost side
At the supply end, the production of ferrosilicon plant was reduced in May, and most of the plants mainly arranged single production. The market situation is warm. It is reported that a company in fugu, Shaanxi Province recently resumed production of a 40500kva submerged arc furnace, which mainly produces ferrosilicon 75A.
| Sulfamic acid 99.80% |
On the demand side, it is reported that Xinyu Iron and Steel Co., Ltd. issued the bidding price of ferrosilicon in May, which was 5800 yuan / ton and 5830 yuan / ton of tax inclusive incoming acceptance, with an increase of 100 yuan / ton, 130 yuan / ton and 1500 tons on a month on month basis; Jiangsu Zhongtian iron and Steel Co., Ltd. published the bidding price of ferrosilicon in May, with an increase of 5750 yuan / ton on a month on month basis, with an increase of 150 yuan / ton and 2000 tons on a month on month basis, with no change on a month on month basis; Shaogang 75B ferrosilicon in May The bidding price is set at 5760 yuan / ton, 140 yuan / ton higher than the price in April, and the purchase quantity is 1000 tons. The bidding price of ferrosilicon 75B of Shaan Steel Group is set at 5657 yuan / ton in May, 121 yuan / ton higher than the price in April, and the purchase quantity is 2350 tons.
It is reported that Lianyuan Iron and Steel Co., Ltd. has determined the purchase price of 75B in June, which is 5980 yuan / ton, an increase of 230 yuan and 1800 tons compared with that in May; Liugang in Guangxi has determined the purchase price of 75B in June, which is 6000-6130 yuan / ton, an increase of 180 yuan / ton compared with the average price in May.
The market of raw material ferrosilicon is getting better and the price is rising, which leads to the pressure on the cost side of magnesium ingot, and the cost side is strongly supported.
Weak demand, weak supply and demand
Due to the impact of emergencies, the downstream demand of overseas automobile, die-casting, aluminum plants, etc. is reduced, and the demand of export end is weakened. The demand of exporters for presentation of documents is dominated by on-demand procurement. In the gradual recovery of domestic industry, the demand is dominated by on-demand procurement rather than up and down.
| Sulfamic acid |
At present, the maintenance willingness of manufacturers is rising. On the one hand, the price is low, and the inventory pressure is appropriately reduced; on the other hand, near summer, the maintenance cycle comes, and the production is reduced.
The market is stable and positive after the price is low and just needs to be supported
Although the downstream demand is weak in the near future, the price of magnesium ingot is at a low level for nearly 4 years. With the gradual recovery of the domestic downstream market and the arrival of the superimposed maintenance season, the rigid demand support is strong. It is expected that the game in magnesium market will intensify in the near future, and the price range is 13100-13600 yuan / ton. In the later stage, pay attention to the change of the downstream market purchase rhythm.
| http://www.lubonchem.com/ |