According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province fell this week (9.15-9.19), with an average market price of 17050 yuan/ton at the beginning of the week and 17025 yuan/ton at the end of the week, a decrease of 0.15%.
| Gamma-PGA (gamma polyglutamic acid) |
Entering the third week, the magnesium market as a whole showed a trend of oscillation before stabilizing: at the beginning of the week, factory quotations showed a moderate increase, but due to insufficient demand follow-up, it became difficult to close deals after the magnesium price was raised; In the middle of the week, driven by the rising prices of coal, ferrosilicon, and dolomite, the willingness of factories to raise prices became stronger, and their quotations were slightly increased accordingly. This week, export demand has decreased, and domestic users are also cautious in their procurement. Therefore, the trading volume of the magnesium market at high prices is relatively low, and the overall operation is maintaining a fluctuating and stable state.
Supply and demand side
In terms of supply, the overall supply of domestic magnesium smelting enterprises has maintained a stable trend without significant fluctuations. With the continuous rise of raw material and energy costs, enterprises are generally facing significant cost pressures. Against this backdrop, magnesium smelting enterprises have shown a strong willingness to raise prices, and market price support has significantly increased.
In terms of demand, the overall procurement volume has shown a significant downward trend compared to last week, and in terms of procurement category structure, the proportion of non national standard raw magnesium procurement has significantly increased, becoming the main component of this week’s procurement.
Raw material end
Recently, coal prices have shown a significant upward trend, and as a downstream product of coal, the price of blue charcoal has also slightly increased accordingly; At the same time, the ferrosilicon market is driven by raw material costs and demand growth, resulting in a significant upward trend in prices. Due to the combined impact of multiple factors, the overall cost of related industries has significantly increased.
comprehensive analysis
This week, the market overall showed a stable trend, with upstream suppliers showing strong intentions to raise prices, while downstream buyers held a cautious attitude, and both sides were in a price game stage. Expected price fluctuations within the range.
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