1. Commodity Name: Magnesium Ingot (9990)
2. Latest price (2019.8.27): 15833.33 yuan/ton
| trimethylacetyl chloride |
Magnesium ingots (99.9%, non-pickling, simple packaging) from the main producing areas in China are charged with cash tax as follows:
Fugu area ex-factory includes 15 600-15 800 yuan/ton of tax, Taiyuan area 15 750-16 600 yuan/ton of cash, Wenxi area 15 800-16 000 yuan/ton of cash and Ningxia area 15 600-15 800 yuan/ton of cash.
| pivaloyl chloride |
3. Analysis Points: After the recent stabilization of magnesium ingot prices, today began to slightly downward fine-tuning. Towards the end of the month, some manufacturers have strong demand for return funds, the willingness to bid down, and the supply of low-price goods is increasing compared with the earlier period. The delivery of pre-sale orders is gradually completed. At present, the spot resources are relatively loose compared with the earlier period. At present, the delivery is general, and the downstream purchase is mainly on demand.
4. Future market forecast: At present, supply and demand are relatively stable. It is expected that the price of magnesium ingot will be weak and stable in the near future, and the actual market transaction situation will be paid attention to in the later period.
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