Magnesium prices rose to 20,000 steps

Last week, because the factory tight spot, magnesium market out of the running situation of the strong upward, to July 16, 99.9% magnesium ingot mansion valley area factory to mainstream factory tax cash price 20000-20200 yuan/ton, also have the factory quoted price is higher, the mainstream clinch a deal the price 20000 yuan/ton, a rise of about 600 yuan/ton, in the week rest after adjustment.At this point, following this year in May, June, the third time the price of magnesium metal station 20,000 yuan/ton steps.

Reasons for rising magnesium prices

It is understood that the main reason for the strong upside of magnesium price is that the factory spot is generally not much, combined with environmental protection and other factors to support the factory price will be strong.The purchasing psychology of buying up and not buying down, downstream users have been replenishes on demand, forming a strong support for the market.For the late magnesium market, market people believe that this year, the magnesium market will be more than high operation situation.

Recently, Japan, South Korea and other countries, the purchase of users, magnesium market support.This year, the domestic and foreign business of the trading enterprises has been running steadily, not betting on the market, not seeking excessive profits, stable and long-term.

Another magnesium industry to me, from this year's wave of rising prices, this year's magnesium market will not be too weak, more strong run.The main reason for the analysis is that the spot of the factory is not much this year, and some factories have stable long order business with downstream users, so there is little external sales pressure.However, this person believes that the current magnesium price downstream users generally accept difficulties, also not good rise, will be more than high volatility situation.

Analysis that, in view of the current factory spot overall tight, combined with environmental inspection, coal prices, multiple factors supported together, it is expected that this week magnesium market will also rise difficult to fall, high strong operation situation.