This week, the magnesium ingot market overall maintained a stable development trend. As of Friday, the mainstream factories in Fugu area have continued to quote 16000 yuan/ton in cash including tax, and there has been no significant change in market prices in other regions.
The magnesium market continued to operate steadily in the second week after New Year's Day, with no changes in market prices. From the recent market perspective, the mentality of both supply and demand sides is relatively calm, and all parties in the market are also relatively calm. Although the Spring Festival is approaching, there has not been much overall movement in downstream demand.
From the perspective of supply and demand, the overall quotation on the supply side is relatively stable, and some factories have a need to recoup funds. The quotation is slightly lower than the market price by 50 yuan/ton, and the shipment volume is not large. It is also heard that there has been a slight increase in inquiries in the downstream market recently, but the market transaction situation is relatively average. At present, the magnesium market as a whole still lacks volatility factors, and there is a strong wait-and-see and cautious sentiment.
In summary, the magnesium ingot market is expected to remain stable in the short term. The current market supply and demand sides continue to explore the game of mutual exploration, making it difficult for market prices to rise or fall. It is expected that the market situation will not have significant fluctuations next week and will continue to operate steadily. Continue to monitor the follow-up of market transactions over the weekend.
