Magnesium market trend

1. Trade name: magnesium ingot (9990)

2. Latest price (October 25, 2019): 14650 yuan / ton

3. Key points of analysis: the price of magnesium ingot fell continuously in the early stage, and the price of magnesium ingot began to stabilize in the near future. It is reported that at present, the willingness of the mainstream manufacturers to hold prices has begun to rise. The domestic spot market is generally traded. The enthusiasm for downstream goods preparation is not high. It is just necessary to purchase. The traders mainly wait and see, with a little inquiry. In recent days, the supply of low-cost goods has decreased, and the market has begun to stabilize.

4. Future market forecast: rigid purchase is the main demand, and the overall market is weak. It is expected that the price of magnesium ingot will keep stable operation in the near future, and the actual transaction situation in the market will be concerned in the later stage.