This week, the domestic magnesium ingot market overall showed a weak and stable consolidation trend. As of Friday, mainstream factories in Fugu area maintained a quoted price of 17100-17200 yuan/ton including tax, while other regional markets remained weakly stable and consolidated, with low market activity.
Looking back at this week, the market has been showing a weak consolidation rhythm since the beginning of the week, with a narrow range of price adjustments. The mainstream quotation in Fugu area is concentrated at 17200 yuan/ton, and some factories have a firm quotation of 17300 yuan/ton due to their own inventory advantages, but it is difficult to close deals with high priced goods in the market. Towards the end of the week, dragged down by weak downstream demand, the market as a whole showed a "price but no market" characteristic, with individual transaction prices falling to the price range of 17000-17100 yuan/ton.
From the perspective of supply and demand, on the supply side, the overall inventory pressure of factories is not high, and the willingness to stabilize prices is still strong. Most magnesium companies rely on low inventory levels and are unwilling to significantly lower prices for shipments. Only some factories have slightly adjusted their quotes to promote transactions, with limited room for overall price reduction. Demand side: Downstream procurement continues to be sluggish, with a strong wait-and-see attitude. Due to factors such as insufficient terminal orders, customers have low purchasing enthusiasm and only maintain essential replenishment, resulting in low acceptance of high prices. The market transactions were sluggish during the week, and the supply and demand sides were caught in a stalemate game.
Based on the above, if there are no significant positive factors to boost the market in the short term, it is expected that the magnesium ingot market will continue its weak and stable consolidation trend in the near future, and prices will continue to fluctuate narrowly within the current price range. Pay close attention to weekend market transactions and other policy developments.
