Magnesium prices significantly back

With the country to strengthen the supervision of commodity prices, non-ferrous metal prices fell across the board, magnesium prices should be a sharp correction.Up to May 21, 99.9% magnesium ingot Fugu area factory quoted the mainstream ex-factory tax cash price of 18,800 ~ 18,500 yuan/ton, it is understood that the actual transaction price fell to 18,800 yuan/ton, Wenxi area 18,200 yuan/ton, so far, magnesium price within a week fast back to about 3,500 yuan/ton.

It is also understood that with the introduction of the national regulatory policy, market participants are expected that the short-term magnesium price will continue to adjust the space, the procurement pace is slowing down, wait and see the market, last week, magnesium city turnover is not much.

On May 21, the author learned from a market personage, recently, magnesium prices rapid pullback, downstream wait-and-see sentiment is strong, the personage believes that the short-term magnesium prices continue to pullback possibility, if the recent downstream began to purchase, magnesium city is expected to stop the fall and stability.

Analysis that, from the point of view of supply and demand, in view of the early magnesium prices significantly higher, downstream acceptance of difficulties, procurement is less, with the decline in coal prices, it is expected that this week's magnesium city will be more pullback.Taking into account the current overall factory without inventory pressure, superimposed coal price drop is small, ferro silicon price is still high, supported by the cost, it is expected that magnesium price will continue to adjust the range will be limited, gradually seek the balance between supply and demand, wait and see this week's transaction follow up.

Coal market: May 21, Yulin area coal prices continued to decline, the decline in 10 yuan ~ 210 yuan/ton.On May 19, market supervision bureau, the municipal development and reform commission, the city of yulin city energy bureau 15 departments such as joint meeting of the coal market's questioning of production safety guarantee for steady price, the current comprehensive coal prices showed a trend of rapid growth, some yulin coal prices finished just above one thousand yuan/ton, yulin will comprehensively strengthen supervision and management of the coal market, standardize the order of market management, in accordance with the lawYulin coal prices to ensure that the reasonable range.According to the arrangement of the meeting, Yulin City will establish a coal price monitoring mechanism, Yulin City Development and Reform Commission, the Municipal Bureau of Statistics, the Municipal Energy Bureau, responsible for daily monitoring of coal prices.