1. Magnesium market trend
On April 15, 2021, domestic magnesium ingots (99.9%, no pickling, simple packaging) ex-factory cash tax-included prices will be quoted in the range of 15,500-15900 yuan/ton in major domestic production areas.
2. Specific price range in each region
The ex-factory ex-factory tax in Fugu area is 15500-15700 yuan/ton; Taiyuan area is 15700-15800 yuan/ton; Wenxi area is 15800-15900 yuan/ton; Ningxia area is 15650-15700 yuan/ton.
Magnesium ingots are national standard (GB/T3499-2011) primary magnesium ingots; non-pickling, no wooden pallets, and non-payment of acceptance price, the actual order negotiation is the priority.
According to data from SunSirs, the average market price in the main producing areas on the 15th was 15,566.67 yuan/ton, a slight increase from the quotation at the beginning of the month.
The supply and demand in the magnesium ingot market was relatively stable this week, with small trading volume and small volume. Downstream processing companies mostly purchase on demand, and the current operating rate is relatively stable. At the beginning of the month, downstream purchases drove the market's magnesium ingot transaction volume. In addition, there are currently not many magnesium companies in the main producing areas, and the willingness to keep the price still remains uplift.
