1. Product name: magnesium ingot (9,990)

2. Latest price (December 30, 2019): 14,166.67RMB/ton

On December 30, 2019, the ex factory cash price including tax of magnesium ingots (99.9%, non pickling, simple packaging) in main domestic production areas was weak and stable, and the specific price range was as follows:

The ex factory spot exchange including tax in Fugu area is 14,100-14,200RMB/ton; the spot exchange in Taiyuan area is 14,200-14,300RMB/ton; the spot exchange in Wenxi area is 14,200-14,400RMB/ton; the spot exchange in Ningxia area is 14,100-14,200RMB/ton.

3. Key points of analysis: at the beginning of last week, the price of magnesium ingot stopped falling and rising. It is reported that in the near future, the number of information sheets has increased, the delivery and investment have improved, and the stock of some manufacturers is not much, and the willingness to stand up is firm. Downstream alloy manufacturers and magnesium powder manufacturers started to prepare goods years ago, and presale contracts sometimes occur.

4. Future market forecast: the overall market turns better. It is expected that the price of magnesium ingot will maintain stable and strong operation in the near future, and pay attention to the actual transaction situation in the market in the later stage.

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