Trend of metallic magnesium (11.15-11.19, the same below)

Market analysis this week

This week, magnesium city as a whole showed a trend of first strength and then stability. The supply and demand pattern of magnesium city changed. At the beginning of the week, it continued. Last week, the market turnover was active and the price was strong; In the middle of the week, the price of magnesium continued to rise, but some downstream businesses had exceeded their purchase expectations, held a wait-and-see situation, and the market transaction slowed down; At the end of the week, both upstream and downstream businesses suspended the receipt and release of orders, and the magnesium price was stable at a high level.

As of November 19, the specific price range of each region is as follows: ex factory tax cash exchange in fugu area is 37900-38000 yuan / ton; The ex factory tax included spot exchange in Ningxia is 37900-38000 yuan / ton; The ex factory tax included spot exchange in Taiyuan is 38000-38100 yuan / ton; The ex factory tax included spot exchange in Wenxi area is 38100-38200 yuan / ton.

The cost of magnesium ingot is greatly hit, and the cost of magnesium ingot is lack of support

In terms of thermal coal: according to the monitoring of the business society, the price of thermal coal is running weakly and stably. With the effect of the national “combination fist” policy of ensuring supply, the overall price has returned to a more reasonable range.

Ferrosilicon: there is no obvious fluctuation in the ferrosilicon spot market as a whole. The mainstream quotation of 72 ferrosilicon in the main production area of Ningxia is around 8500-9000 yuan / ton, the futures disk performance is weak, and ferrosilicon merchants are more cautious about the falling price.

Magnesium ingot inventory is low, and the transaction is beginning to show fatigue

Supply: the factory inventory continues to be low. According to traders, at present, the factory is basically in the order arrangement state, but many people in the industry are pessimistic about the long-term market, and the order arrangement is mainly short-term orders.

Demand: with the replenishment operation some time ago, the downstream procurement gradually entered a cooling off period this week, and some demand customers began to delay the procurement rhythm.

Future forecast

In the early stage, with the low price of power coal and ferrosilicon and the recovery of downstream procurement, coupled with the support of “collection and storage” in Yulin area, the market speculation atmosphere was strong, which strongly promoted the rebound of magnesium price. In the later stage, in view of the slowdown of downstream procurement, most customers accepted and objected at high prices. It can be seen that the power of magnesium ingot price rise is insufficient, but the lack of spot resources of magnesium plant also supports the price. Overall, business analysts believe that the magnesium price may be stable and strong in the short term.