Price trend of metallic magnesium
Market analysis this week
| PVA 1799 (PVA BF17) |
The magnesium ingot Market is in a high and falling trend. The price is not enough due to the release of downstream demand and the cold market transaction. As of Friday, the average market price of domestic magnesium ingots was 42500 yuan / ton, down 7.61 percentage points from last week. There were signs of correction in the price market at the beginning of the week, and the price continued to decline in the middle and late of the week until Friday.
Bad
On the one hand, there has been no significant progress in the rectification plan of Lanchan. On the policy side, the news of limited production of Lanchan has less and less impact on the magnesium ingot Market. The magnesium price rose driven by the speculation on the news side last week, so there has been a significant decline; On the other hand, the overall performance of downstream demand is weak. Even after the price continues to decline, the willingness of downstream customers to replenish is weak. There are still customers with digestible inventory and a strong wait-and-see atmosphere.
Downstream aspect
| PVA |
The domestic silicone DMC market as a whole is rising. On the 7th, the factory quotation of domestic organosilicon DMC was around 37000-39500 yuan / ton, and the average price was 38200 yuan / ton. At present, the supply of organosilicon DMC in the field is still tight, the sealing in the field is increasing, the market trading atmosphere is acceptable, and the market situation of organosilicon DMC is stable, medium and strong in the short term.
Future forecast
Business analysts believe that the market outlook is weak, but the overall decline will not be too large. Magnesium prices rose sharply last week, which is bound to affect downstream demand. Moreover, the social inventory of magnesium ingots is sufficient and the rise is blocked. With regard to the decline in the price of magnesium ingots, magnesium manufacturers have no financial pressure, and their willingness to ship is reduced. Some merchants do not offer prices temporarily, and their willingness to stabilize prices is strong. At present, the price of magnesium ingots has returned to about 40000 yuan, which may stimulate some newly needed customers to replenish on bargain hunting. Generally speaking, the price of magnesium ingots is weak in the short term, and there is limited room for decline.
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