Trend of magnesium price

The price rise of magnesium market has been strong, and magnesium price in some regions has risen to 20000000 / T on June 17. As of June 18, the specific price range of each region is as follows:

The ex factory tax cash exchange in fugu area is 20000-20400 yuan / ton; Ningxia ex factory tax cash exchange is 20200-20400 yuan / ton; The ex factory tax cash exchange in Taiyuan area is 20400-20500 yuan / ton; The ex factory tax cash exchange in Wenxi area is 20400-20600 yuan / ton.

From the perspective of cost

Due to the influence of safety inspection of some coal plants, the coal supply is tight. Although there is a government price limit policy, the coal price is still rising until the domestic coal supply is up. In the situation of raw coal becoming more and more tense, the market quotation of magnesium ingot can only be favorable. If the coal supply cannot be solved, the magnesium price will rise and fall in the short term.

From the perspective of demand

After the Dragon Boat Festival, magnesium price ushered in a wave of strong price increases, the price was up 0.89% compared with the previous quarter. On the first day after the festival, the market resumed, the downstream demand was released intensively, and downstream customers actively purchased and prepared goods.

Future forecast

In conclusion, business analysts believe that most magnesium plants are reluctant to sell at low price under the condition of strong cost support. The purchase of downstream customers is more positive, and the magnesium price will also be high in late June. However, considering the macro policy factors, there is limited room for magnesium price rise.