Magnesium City, the overall steady progress

Since the previous week after the stable operation of the magnesium market, the overall continuation of the stable operation of the magnesium city last week.To March 19, 99.9% magnesium ingot mansion valley area factory to mainstream factory tax cash price 15300-15400 yuan/ton, mainstream clinch a deal the price 15300 yuan/ton, and low price goods, mainstream factory wenxi area tax cash price 15600 yuan/ton, as silicon prices dropped slightly, the factory offer to slightly weak, actual transaction prices haven't changed much.

It is also understood that last week's magnesium city transaction continued tepid situation, downstream users on demand procurement, not anxious replenish users choose to wait and see, orders are still cautious, but the factory inventory is not much.For this week's magnesium market trend, the market has a small view of health, there are market participants said, it is not easy to say.

On March 19, a magnesium plant manager in Fugu region said that recently, their general magnesium transaction price has been stable 15,300 yuan/ton, this relatively stable situation has been maintained for a period of time.

Analysis believes that the recent magnesium market rebound is mainly affected by the ferro silicon market, magnesium prices rebound after the acceptance of the downstream users is general, the overall turnover is poor, and the price of ferro silicon fell slightly last week, near the end of the month, the operating pressure of the magnesium city is still in.Taking into account the current factory new inventory is not much, coupled with ferrosilica prices are still high, coal prices recovered, supported by the cost, magnesium is expected to fall is not easy, this week's price or will continue to stabilize the small consolidation trend, the range of fluctuations is not large, wait and see the transaction situation.