The overall domestic magnesium ingot market continued to operate steadily this week. During the week, the mainstream factory prices in Fugu area remained stable at 16000 yuan/ton including tax in foreign exchange, and market quotations in other regions were also basically stable.
Looking back at the market this week, the overall trend of magnesium ingot prices has been relatively stable, with both sides of the market proceeding step by step. The quotes from various factories have not fluctuated much, and the prices have basically remained stable at 16000 yuan/ton including tax in foreign exchange. Some factories that ship products have slightly lower prices than the market price; There has been no significant improvement on the demand side as a whole, and first-time customers are restocking appropriately at their psychological price. As the New Year approaches, the mentality of all parties in the industry is relatively calm, and the market supply and demand are still in a stalemate and game stage, making it difficult for prices to fluctuate.
From the perspective of supply and demand, although the inventory of factories on the supply side is relatively abundant, the pressure of shipment is not high temporarily due to the support of inventory collection and storage, and mainstream factory quotations are relatively stable; Affected by weak terminal demand, downstream customers have a sentiment of price comparison and pressure, and the actual transaction performance in the market is relatively average, with stable prices and a small amount of low prices coexisting in the market.
Overall, the magnesium ingot market may remain stable in the short term, but the sluggish market is difficult to change, and there is a lack of support for price recovery. It is expected that the pre holiday market will continue to develop steadily. Pay attention to the actual transaction follow-up situation in the subsequent market.
