Magnesium prices remained stable this week, with a slight decrease within the range (8.11-8.15)

According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province made slight adjustments this week (8.11-8.15), with an average market price of 17450 yuan/ton at the beginning of the week and 17437 yuan/ton at the end of the week, a decrease of 0.07%.
This week, the magnesium market showed a trend of first being strong and then weak, with overall stability and narrow fluctuations. At the beginning of the week, the market operation was relatively strong, but later, due to the slowdown in demand follow-up speed, the market turned to weak and stable operation. Some factories lowered their prices slightly to win orders, while those factories that were not in a hurry to ship temporarily maintained stable quotations.
Supply and demand side
On the supply side, magnesium smelting enterprises are in a state of supply shortage, so most of these enterprises have a strong willingness to maintain high prices. However, due to cash demand in the middle of the month, some companies chose to lower prices slightly to promote shipments.
On the demand side, downstream customers have a high acceptance of the price of 17400 yuan per ton, but when faced with a price of 17500 yuan per ton, most of them adopt a wait-and-see attitude. Overall demand remains stable, but trading volume has declined towards the weekend.
Raw material end
Recent market trends have shown that coal prices continue to rise, driven by the dual effects of tightening supply and sustained recovery in demand, resulting in a continuous increase in coal prices in major production areas. Driven by this, the price of blue charcoal, a downstream product of coal, has also shown a rising trend, and the performance of the silicon iron market is relatively stable.
comprehensive analysis
The magnesium market has once again entered a stage of consolidation, and the current situation between supply and demand is basically balanced. Magnesium prices are expected to remain relatively stable next week.