A Survey of Magnesium Market Trends
1. Commodity Name: Magnesium Ingot (9990)
2. Latest price (2019.7.15): 15800 yuan/ton
Magnesium ingots (99.9%, non-pickling, simple packaging) from the main producing areas in China are charged with cash tax as follows:
| http://www.pva-china.net |
Fugu area ex-factory includes 15 600-15 900 yuan/ton of tax, Taiyuan area 15 900-16 000 yuan/ton of cash, Wenxi area 15 800-16 000 yuan/ton of cash and Ningxia area 15 700-16 000 yuan/ton of cash.
3. Analysis points: Last week, due to the influence of ferrosilicon raw material, the price of magnesium ingot increased and stabilized. At the beginning of this week, due to weak downstream market demand, weak market turnover, a small number of new orders, manufacturers’willingness to bid lower, magnesium ingot prices have fallen.
| ammonium persulfate |
4. Future market forecast: The current situation of oversupply makes the rising market driven by cost factors weak, and the price of magnesium ingot is expected to be weak and stable in the near future.