According to the data monitoring of business society, 99.9% of the factory price including tax in mainstream areas was 44500 yuan / ton on the 2nd, down 1.48% on the previous trading day, and the magnesium price was weak.
The metal magnesium market continued to decline, mainly due to the lack of demand support, the lack of follow-up to high prices in the downstream, the rapid speculation in the early stage was difficult to maintain, and the actual transaction of the factory was quite flat; On the supply side, the magnesium plant is currently stable in production and the market inventory is increasing day by day. Under the market pattern of oversupply, the magnesium plant is willing to actively consume the inventory and deliver at a low price. The price of magnesium ingots may be weakly and stably consolidated in the short term.
Business analysts believe that the price of magnesium ingots may be weak and stable in the short term.
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