1. Subsance name: magnesium ingot (9990)

2. Latest price (November 25, 2019): 14200RMB/ton

The ex factory spot exchange including tax in Fugu area is 14,000-14,100RMB/ton; the spot exchange in Taiyuan area is 14,100-14,300RMB/ton; the spot exchange in Wenxi area is 14,200-14,300RMB/ton; the spot exchange in Ningxia area is 14,000-14,200RMB/ton.

3. Key points of analysis: Recently, the prices of magnesium ingot have been mainly weak and stable, and the quotations of magnesium enterprises in the main production areas have not changed much. It is reported that the actual volume of trade is not large at present. Some manufacturers wait for the market changes and do not quote prices to the outside temporarily. The low price supply of small factories happens from time to time. At present, the amount of inquiry is not large, and it is expected to maintain stable operation in the near future.

4. Future market forecast: The overall market is weak. It is expected that the price of magnesium ingot will be weak and stable in the near future, and the actual transaction situation in the market will be paid attention to in the later stage.

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