1. Product name: magnesium ingot (9990)

2. Latest price (Oct 31, 2019): 14,650RMB/t

3. Key points of analysis: Since September, the prices of magnesium ingot have almost monotonous downward trend. With the prices downturn, affected by cost factors, magnesium enterprises have been under great pressure. Recently, some mainstream manufacturers have strong willingness to stand up for the prices, and they have increased their offers. At present, the market quotations are relatively complex, but the low-cost goods source is more difficult to find than in the early stage, the market is expected to rise, and the purchase is mainly for rigid demand.

4. Future market forecast: Although the overall market is weak and the export situation is general, the prices are low. Affected by cost factors, the manufacturer has a large downward resistance. It is expected that the prices of magnesium ingot will be strong in the near future, and the actual transaction situation in the market should be focused on.

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