According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province rose slightly this week (6.30-7.4), with an average market price of 16175 yuan/ton at the beginning of the week and 16250 yuan/ton at the end of the week, an increase of 0.46%.
| Gamma-PGA (gamma polyglutamic acid) |
Starting from July this week, magnesium prices have remained stable and rebounded, with a continuous upward trend during the week and a stalemate over the weekend, resulting in a slight decline in prices.
Supply and demand side
On the supply side, due to the advantage of small spot inventory, factories continue to maintain a willingness to raise prices, and low-priced goods are extremely scarce in the market. Some companies have explicitly stated that they will not ship when the price is below 16200 yuan/ton, and choose to observe changes in the market situation.
On the demand side, although downstream demand has shown some signs of improvement, it still maintains a cautious procurement pace. Downstream customers and intermediaries mainly carry out small-scale replenishment operations based on rigid demand, and the overall procurement volume has achieved moderate growth this week.
Raw material end
The price of ferrosilicon remains stable and unchanged, while the price of blue charcoal remains basically stable. The coal market price shows a slight decline, and the overall cost did not show significant changes this week.
comprehensive analysis
In the near future, magnesium prices are expected to maintain a strong trend, showing small fluctuations within a narrow range, and there will be no significant price fluctuations overall.
| http://www.lubonchem.com/ |