Weak operation of magnesium ingot price on December 9

1. Trade name: magnesium ingot (9990)

2. Latest price (December 9, 2019): 13983.33 yuan / ton

On December 9, 2019, the ex factory cash price including tax of magnesium ingots (99.9%, non pickling, simple packaging) in main domestic production areas was weak and stable. The specific price range was as follows:

The ex factory spot exchange including tax in fugu area is 13650-13900 yuan / ton; the spot exchange in Taiyuan area is 13800-14000 yuan / ton; the spot exchange in Wenxi area is 13900-14100 yuan / ton; the spot exchange in Ningxia area is 13700-13750 yuan / ton.

3. Key points of analysis: in the near future, the price of magnesium ingot has moved down all the way, and weak operation is dominant. It is reported that the downward market in this round is mainly based on the imbalance between supply and demand, and the overall magnesium ingot Market is oversupplied. Although the heating season starts, the manufacturers are affected by the operating cost and have strong willingness to raise the price. However, due to the too light market trading, low-cost goods often occur. Some manufacturers mainly ship goods on the market based on inventory pressure. At present, traders are cautious in their trading, and the downstream has a strong wait-and-see mentality.

4. Future market forecast: the overall market is weak. It is expected that the price of magnesium ingot will be weak and stable in the near future, and the actual transaction situation in the market will be paid attention to in the later stage.