Price trend

According to the data monitoring of SunSirs, as of the 11th, the average price of domestic magnesium metal market was 24,400 RMB/ton, down 0.68% on a weekly basis. This week, the domestic magnesium metal market was weak and stable, with a slight decline in the week. On the one hand, the market price was severely depressed, and some magnesium plants made small concessions. On the other hand, the cost was high, and magnesium plants had limited space to make concessions. The market deadlock was dominated by game.

Analysis review

Raw materials: The average market price of ferrosilicon in Ningxia was 8,075.71 RMB/ton, and the spot price of ferrosilicon rose slightly; The average price of dolomite in the market was 240 RMB/ton; The purchase of raw material lump coal of the semi-coke enterprise continued to be tight and the price was soaring. From 0:00 on the 9th, the following guidance price (ex factory tax included price) was implemented for the sales of semi-coke: 1,850 RMB/ton for medium materials, 1,800 RMB/ton for small materials, and 1,350 RMB/ton for coke powder.

Downstream: The price of magnesium powder and magnesium alloy in the downstream followed the weak and steady progress of magnesium ingot, and the procurement performance was poor, which was only supported by rigid demand.

Market outlook

The cost side is still at a high level, and the market stabilizing mentality is strengthened, which supports the magnesium plant to further make limited concessions. However, the market demand is not ideal, and it is expected that the magnesium ingot market is still in the consolidation stage in the short term.

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