According to data from business associations, the average market price of magnesium ingots on April 24 was 17075 yuan/ton, down 0.44% from April 1, 17150 yuan/ton, and up 4.12% from the lowest price of 16400 yuan/ton in 2019 (January 9).
| Sulfamic acid |
Recently, the price of magnesium ingot fluctuates slightly and runs smoothly. Today’s cash tax quotation for magnesium ingots (99.9%, non-pickling, simple packaging) from major producing areas is as follows:
Fugu area has 16700-17000 yuan/ton of cash remittance, Taiyuan area 16900-17000 yuan/ton of cash remittance, Wenxi area 16900-17000 yuan/ton of cash remittance, Ningxia area 16750-17000 yuan/ton of cash remittance.
| sulphamic acid |
Expected market outlook
Recently, the magnesium market has been on the low side, with few inquiries from magnesium enterprises in the main producing areas, mainly pre-shipment orders, and few new orders. Affected by poor downstream demand, some manufacturers have signs of downward shipment. Based on the weak supply and demand, it is expected that domestic magnesium ingot prices will be weak and stable in the short term.
| Sulfamic acid 99.50% |