The market trend of magnesium ingots this week shows distinct stage characteristics, with rapid price increases in the first half of the week, rising from 15600 yuan/ton of tax inclusive spot exchange at the beginning of the week to 16000 yuan/ton of tax inclusive spot exchange; In the latter half of the market, it gradually stabilized. As of Friday, it was found that the mainstream factories in Fugu area still maintain a quoted price of 16000 yuan/ton including tax in cash exchange, and some factories may consider negotiating actual orders and shipping at 15900 yuan/ton. The quotations in other regional markets are also basically stable.
Looking back at the market trend of magnesium ingots this week: the market opened on Monday, and magnesium prices remained relatively stable, with a relatively calm market atmosphere; Entering Tuesday, there was a significant change in the market situation, with magnesium prices rapidly rising to the tax inclusive spot exchange rate of 16000 yuan/ton. In this price change, market activity has increased, and there are basically transactions following up at each price range of 15800-16000 yuan/ton, indicating that downstream markets are highly sensitive to price changes and respond quickly. Entering the later stage of the week, market quotations remained relatively stable, and both supply and demand sides mostly chose to observe the market situation and enter the game stage. The market transaction atmosphere gradually cooled down. According to feedback, after the magnesium price rebounded to 16000 yuan/ton in the past two days, the overall performance of transactions was poor.
From the perspective of supply and demand, factories have a strong willingness to raise prices due to the low pressure of spot inventory, and the magnitude of price adjustments is not significant. However, downstream customers have limited acceptance of high market prices and weak purchasing intentions, leading to a slowdown in transaction follow-up and a lack of sufficient momentum for price increases. Currently, the market has entered a relatively balanced but slightly stagnant state.
In summary, it is difficult for both the supply and demand sides to make significant breakthroughs in the current magnesium market situation. It is expected that the magnesium ingot market will continue to operate steadily at the current price level in the short term. The subsequent market trends still need to be closely monitored for changes in supply and demand relationships and other news impacts.
