Price trend of metallic magnesium
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Market analysis this week
As of Friday, the average market price of domestic magnesium ingots was 43000 yuan / ton, up 500 yuan / ton from last Friday. On the whole, the market price was relatively stable in the first half of the week, and the supply and demand sides were in a stalemate; In the second half of the week, the price operated smoothly, and the merchants’ willingness to stabilize the price was relatively large. Some merchants also reduced the price for sale, and the market turnover declined.
Upstream aspect
75. The quotation of ferrosilicon is around 9400-9500 yuan / ton. It was reported on Tuesday that it will be raised to 10000 yuan / ton, and the market of blue carbon is also strong. Shenmulan carbon group said that the current coal price cost is high, and the enterprise has a loss, so it raised the market guide price of blue carbon. This price adjustment has raised the production cost of magnesium ingots in the medium and long term. The magnesium factory has strong price support mood, has a good view of the future market, and will not make an external quotation for the time being.
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Downstream aspect
The price of domestic organosilicon DMC plummeted sharply. According to the data monitoring, the average price of organosilicon DMC market quotation in mainstream areas is 35720 yuan / ton. The polysilicon market continued to rise, but the increase slowed down significantly. The overall performance of downstream market demand is general. Some traders said that downstream orders are weak, and they are still waiting and waiting under the condition of rapid decline in magnesium price.
Future forecast
In the short term, the supply and demand sides are in the Stalemate Stage of the game. Affected by the weak demand, the downward pressure on the magnesium price still exists. Although the factory has a strong willingness to stabilize the price, it has insufficient action force on the price in the case of serious downstream price reduction. Business community analysts believe that the magnesium price has fallen to the level of 40000 yuan, and some replenishment needs are expected to enter the market, There is limited room for price decline in the short term, and we need to pay attention to the root of future demand.
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