Magnesium ingot market price stabilized on the 31st

On May 31, 2021, domestic magnesium ingots (99.9%, no pickling, simple packaging) ex-factory cash tax-included prices are generally quoted in the range of 17,700-18300 yuan/ton, and actual order negotiation is the main focus.

Specific price range for each region

Fugu area ex-factory tax-included cash exchange rate is 18,000-18100 yuan/ton; Taiyuan area cash exchange rate is 18100-18200 yuan/ton; Wenxi area cash exchange rate is 18200-18300 yuan/ton; Ningxia area cash exchange rate is 18,000-18100 yuan/ton.

Magnesium ingots are national standard (GB/T3499-2011) primary magnesium ingots; non-pickling, no wooden pallets, and non-payment of acceptance price, based on actual order negotiation.

Magnesium prices soared and plummeted in May

At the end of April, the market quotation in the main production area was raised to 17,400-17600 yuan/ton. After the holiday, the market quotation was high, and low-cost sources were difficult to find. The ton price soared 4000-5000 yuan/ton.

It is reported that after the holiday in May, magnesium prices continued to skyrocket. On the 8th, downstream end-users began to find it difficult to find low-priced goods, and it was not easy to inquire about quotations before the holiday. In mid-May, the market quotations once reached a historical market high of 22,000 yuan/ton.

On the one hand, the black series of bulk commodities has skyrocketed. Affected by the factors of magnesium ingot raw materials, ferrosilicon, and thermal coal, the cost side has risen, and manufacturers are willing to raise prices; on the other hand, the market is hot. It is equal to making money, and the speculative boom has caused market price chaos.

With policy control, bulk commodities began to withdraw their gains in the middle of the month. With the rapid shipments of stockers, low-priced sources of magnesium ingots began to increase, and market quotations began to plummet. The market quotations fell back to 17,500 at the beginning of last week. Yuan/ton; At present, the number of market inquiries has increased, due to the gradual disappearance of the market price chaos after the plunge, the market entry window has opened, market transactions have been relatively active, and the platform has begun to enter the range of platform fluctuations.

May thermal coal price trend become more rational

After the sharp rise and fall, the price of magnesium ingots began to run smoothly a few days ago, and the mainstream market price was hovering around 18,000 yuan/ton. Business analysts expect that steady-state operations will continue in the near future.

There are three reasons: First, after the previous surges and slumps, downstream customers were cautious in purchasing and resisted high prices; stockpile speculators have little room for speculation in the short term; second, the current price of the coal market is relatively high, the operation of ferrosilicon is relatively stable, and the cost is relatively high. In consideration of various factors, mainstream magnesium plants have little room for price cuts, and their willingness to stand up prices is high; third, the current price is after a sharp rise and fall, the initial balance range reached by both long and short parties is a comfort zone for both parties to accept. There is no special variable leading, or the steady-state operation is the primary one.

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