Magnesium market stability in a small weakening

Last week, the downstream demand is not much, the high price of superimposed ferrosilicon fell, at the end of March, magnesium city pressure stability in a small weakening.Up to March 26, 99.9% magnesium ingot Fugu area factory quoted the mainstream ex-factory cash price of 15,200 ~ 15,300 yuan/ton including tax, the mainstream transaction price of 15,200 yuan/ton, there are some slightly lower prices of goods, Wenxi area about 15,500 yuan/ton, down 100 yuan/ton compared with the previous Friday.

In the weakening market, the purchasing psychology of buying up rather than falling, last week, the purchasing enthusiasm of traders and downstream users was weak, rigid demand was purchased on demand, and users who were not in a hurry to replenish the goods were mainly watching the market.For magnesium city trend this week, in the current good news is not much of the situation, the market looks down the view in the majority.

On March 26, the author learned from the manager of a magnesium factory in Fugu that their general magnesium quotation was 15,300 yuan/ton with tax included, but the price could not be concluded. The shipment price fell slightly to 15,200 yuan/ton, and they have been shipping in line with the market.

A senior market said that the end of the downstream demand is relatively weak, the pressure of the magnesium city fell, taking into account the current market good news is not much, the figure believes that this week's magnesium price downward pressure is obvious, but the speed will be relatively slow.

Analysis that, from the point of view of supply and demand, demand is weak recently, in the supply of slightly more than the demand for market conditions, plus at the end of the month part of the factory capital demand, is expected, this week's magnesium city will continue to weaken under pressure.Considering that the current factory inventory increase is not much, coupled with the high price of ferosilicon, coal prices continue to strengthen, under the support of cost, it is expected that the price of magnesium will not drop much, with the further price correction, close to the buyer's psychological price, procurement is expected to increase this week.

Ferrosilicon market: last week ferrosilicon weakened slightly in the spot price stability, to March 25, 72 # ferrosilicon processing block factory cash price of between 6700 yuan and 6800 yuan/ton, 75 # ferrosilicon bulk natural block factory cash sale price 7200 yuan to 7300 yuan/ton, compared with previous highest prices fell about 300 yuan/ton, ferrosilicon analysis thinks, on the supply side did not significantly narrowed, weaker demand side under the premise of the silicon prices could fall further.