According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province fell this week (9.19-9.24), with an average market price of 17025 yuan/ton at the beginning of the week and 17000 yuan/ton at the end of the week, a decrease of 0.15%.
The magnesium ingot market has experienced fluctuations this week, with prices showing a downward trend compared to the middle of last week. Affected by the fine-tuning of supply and demand relations and market sentiment, the actual transaction price center has slightly shifted downwards, and the overall market has shown a stable to weak operating characteristic.
Supply and demand side
On the supply side, in the current market environment, there is a stalemate between supply and demand. On the supply side, although occasional low-priced goods flow into the market, causing brief attention, overall, there has not been a significant shortage of market supply.
In terms of demand, the current market mainly presents the characteristic of rigid demand for replenishing inventory, and the enterprise side shows a clear wait-and-see attitude. Not only has the frequency of active inquiries significantly decreased, but the actual procurement order cycle has also been extended, and the overall market transaction activity continues to weaken.
Raw material end
Compared to last week, there has been a slight increase in the price of ferrosilicon. At present, the market situation of ferrosilicon presents a situation of mixed long and short factors, with overall stable operation and price fluctuations within the range. The market situation of Lantan first showed a strong trend, and then temporarily stabilized. On the supply side, production capacity has slightly decreased and inventory is at a low level, resulting in tight supply; At the same time, rigid procurement on the demand side provides strong support, keeping the prices of small and medium-sized materials and coke surfaces firm. The upward trend of the coal market has weakened due to the weakening of downstream demand, and some coal mines have experienced slight price reductions.
comprehensive analysis
The current magnesium market is in a state of mutual game between cost support and weak demand. The high cost of upstream raw materials provides strong support for magnesium prices, but the sustained low demand in downstream industries restricts the upward space of prices, leading to a dilemma between rising and falling magnesium prices. As a result, the overall wait-and-see sentiment in the market has become increasingly strong, with both buyers and sellers maintaining a cautious attitude, and the actual transaction volume has continued to remain at a low level.
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