Market trend of magnesium market in 2020
| Sulfamic acid |
On September 24, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will run weakly and stably, with the overall range of 12250-12550 yuan / ton, and the actual order negotiation is mainly discussed.
The specific price ranges of each region are as follows:
The ex factory spot exchange including tax in fugu district is 12250-12400 yuan / ton; Taiyuan is 12400-12450 yuan / ton; Wenxi district is 12400-12550 yuan / ton; Ningxia area is 12350-12400 yuan / ton.
The magnesium ingot is the original magnesium ingot of national standard (GB / t3499-2011); it is not pickled, has no wooden pallet and does not pay the acceptance price, and the actual order negotiation is the main one.
According to the data of the business agency, the average price of the domestic market on the 24th was 12350 yuan / ton, a decrease of 2.76% compared with the average price of 12700 yuan / ton at the beginning of September (9.1) and 14166.67 yuan / ton at the beginning of September (1.1), a decrease of 12.82%. Yesterday, the price of magnesium ingot began to stabilize, showing signs of rebound at the bottom.
The price of magnesium ingot will rebound to the bottom
At present, the market trading is slightly improved, and the downstream just needs to prepare goods for purchase. On the one hand, as the end of the month is approaching and the national day meets the Mid Autumn Festival, the double festival effect leads to an increase in the demand for goods preparation of downstream processing enterprises; on the other hand, due to the fact that the prices of some magnesium factories have been falling for a long time due to the consideration of cost factors, the willingness to support prices has increased.
| sulphamic acid |
Although the export side shipment is not good, relying on the supply and demand of the domestic market, the support for magnesium price is not strong. At present, the price is relatively low, the downward adjustment space of magnesium enterprises is narrowed, the influence of supply-demand factors on price is weakened, the influence factors of cost side are gradually enlarged, and the market expectation of magnesium ingot price bottoming is rising.