According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province continued to rise this week (6.23-6.27), with an average market price of 16050 yuan/ton at the beginning of the week and 16262 yuan/ton at the end of the week, an increase of 1.32%.

This week, the market showed a trend of first stabilizing and then strengthening, with the price center shifting upwards as the market gradually bottomed out. The psychological state of downstream buyers has also changed accordingly, and market sentiment has shifted from cautious observation to active price support. The current market as a whole is showing a stable and positive operating pattern.
Supply and demand side
On the supply side, the inventory levels of smelting enterprises have further reduced this week, which has significantly increased their willingness to raise prices. Compared to the previous period, the situation of actively lowering prices for shipments has significantly decreased. From the demand side, the wait-and-see atmosphere on the application side is still strong, and downstream buyers mostly adhere to the rigid procurement strategy, maintaining low inventory levels.
Raw material end
Coal prices continue to rise, while orchid charcoal prices remain generally stable, and silicon iron prices remain stable. Overall costs have shown a slight upward trend this week.
comprehensive analysis
In the short term, the trend of the magnesium ingot market is likely to continue its stable and strengthening trend. On the supply side, inventory is low and costs have rigid support, which provides a solid bottom support for magnesium ingot prices; However, if there is no significant improvement on the demand side, the upward potential of magnesium ingot prices may be constrained to some extent.