This week, the domestic magnesium ingot market has shown an overall stable trend. As of Friday, the mainstream factories in Fugu area have adjusted their quotations to 16050-16100 yuan/ton including tax, and the market quotations in other regions are also relatively stable.
Looking back at the magnesium market this week, the market was relatively calm in the first half of the week; In the middle and later stages of the week, with some downstream customers and intermediate buyers entering the market to stock up, market activity has increased. It is reported that there were signs of a slight increase in market prices in the main production areas on Thursday, with some factories adjusting their quotes to the range of 16050-16100 yuan/ton; Some factories have started futures order placement mode at a price of 16000 yuan/ton.
From the perspective of market supply and demand, the current factory quotations on the supply side are relatively stable, with market prices slightly rising by 50-100 yuan/ton compared to before, and market confidence also slightly boosted; On the demand side, downstream customers and traders may observe the market or stock up in an orderly manner based on their own situation. As the Spring Festival approaches, all parties' operations tend to stabilize, and the market is unlikely to make significant adjustments.
Overall, the current magnesium ingot market price has shown a slight upward trend, but the overall market still has limited room for decline and rise. It is expected that the magnesium market will continue to maintain its current stable trend before the holiday. We still need to pay attention to the actual transaction follow-up of downstream demand in the future.
