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Views: 2 Author: Site Editor Publish Time: 2021-08-25 Origin: Site
On August 13th, 99.9% of magnesium ingot factories in Fudu reported the mainstream ex-factory cash price including tax of 22,300 yuan to 22,500 yuan/ton, and the mainstream transaction price increased to above 22,300 yuan/ton, which continued to rise by about 1,300 yuan/ton compared with the previous Friday. Other regions followed the adjustment and hit a new high in nearly 13 years.
Last week, downstream users successively replenished goods on demand, and the factory mainly arranged the order for production.For this week's magnesium market, the market continues to be more bullish.
On the morning of August 13, I learned from the general manager of sales of a magnesium plant in Fugu area that the trading price of general magnesium futures rose to 22,300 yuan/ton in the morning, and their offer increased to 22,500 yuan/ton for delivery on August 21.This person introduced, the formation of recent strong magnesium prices up the main reason is that the factory is out of goods.
At the same time, the author learned from the general manager of a trading enterprise that recently, the overall transaction of magnesium city is good, the price of the outer order is good, exporters in the case of profits, immediately into the market to purchase, lock the source of goods, some factory futures orders have been arranged to August 28, there are few factories with spot.In view of the current factory generally no spot, this person believes that short-term magnesium prices are still more easy to rise difficult to fall operation situation.
Analysis that, from the perspective of supply and demand, in view of the current factory generally no spot, tight supply situation, it is expected that this week magnesium prices will continue high firm, coexist with the possibility of continuing to rise.
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