Magnesium market from weak to strong

Magnesium market from weak to strong this week or more firm. On market changeable, magnesium weeks ago half of the city is still a week before is the continuation of a modest weakening trend, when many market participants continue to see weak afternoon, on April 1, the factory in the inventory is not much, coal prices and other factors under the influence of collective raised its offer, at this point, the weakness of the magnesium city ended nearly two weeks back, rallied.By April 2, 99.9% magnesium ingot Fugu area factory quoted the mainstream ex-factory cash price of 15,400 ~ 1.55 million yuan/ton, the mainstream transaction price of 15,400 yuan/ton, and the lower price of goods is hard to find, Wenxi area about 15,700 yuan/ton, than the previous Friday up 200-300 yuan/ton, back to the level of early March.

It is understood that the main reason for the increase in the price of coal is the recent sharp rise in the price of coal, and the purchase of coal difficulties, the plant orchid carbon cost upside down serious, the overall operating loss intensified, under the cost pressure to increase the price.It is also understood that the first half of last week's magnesium market low range transaction is relatively good, the second half of the price increase after the high transaction is less, however, the factory in the spot is not much of a strong willingness to hold the price.

On April 1, the author learned from the manager of a magnesium factory in Fugu area that they quoted the ex-factory cash price of 15, 500 yuan per ton of general magnesium with tax, and they would not ship the product below that price.The personage said that the current coal price to the factory has been as high as 700 yuan/ton, and procurement difficulties, the overall loss of the factory is serious, they raised the price is also due to cost pressure.

Just past March, magnesium city affected by ferrosilicon market price shock.This time mainly affected by the rise in coal prices.In view of the current factory spot is not much, supported by the cost of factory quotation is expected to be more strong, considering the recent spread of the epidemic in Europe, foreign demand is less strong, and the downstream users accept high prices difficult, magnesium market will continue to rise power will be less strong, this week or will be strong, wait and see the transaction situation. 

Ferrosilica market: last week, the ferrosilica market fluctuated little, the overall stable operation, to April 1, 72# ferrosilica processing block price of 6550-6650 yuan/ton, 75# bulk natural block ex-factory cash transaction price of 7100-7200 yuan/ton, ferrosilica analysis institutions believe that the short-term ferrosilica market is still weak.

Coal market: the recent high price of coal, it is understood that the current inspection, undercover investigation and environmental remediation and other factors, Yulin coal supply is still tight, Inner Mongolia will not have much improvement in the short-term supply end.Coal analysis institutions believe that in the short term, coal spot prices are still rising trend.