According to the price monitoring of the business agency, as of August 21, the spot price of 1.4d polyester staple fiber in China was about 5575 yuan / ton, which was stable compared with last week and increased by 2.29% about 120 yuan / ton compared with the beginning of August; the spot price of 32S polyester yarn in Shandong was about 12750 yuan / ton, which was stable compared with last week and stable compared with the price in early August. The price of polyester staple fiber changed the weak downward trend in July and rose in August and gradually recovered.

In terms of supply, as of August 20, the operating rate of upstream PTA unit was 87.85%, and that of polyester plant was 87.71%. The operating rate of polyester end was relatively stable. Compared with previous years, PTA inventory is still at a high level. Recently, PTA shut-down and maintenance devices have entered the restart stage. With the increase of supply and the gradual release of production capacity, the domestic demand side is still in a rigid demand situation, and the downstream demand side support is insufficient or the supply exceeds demand. At present, the release of new production capacity is not as expected. Under the relatively limited premise, the downstream polyester processing fee has been gradually reduced. In the future, with the gradual increase of production, there will be greater pressure on the downstream polyester yarn price upward space.

In terms of demand, the comprehensive starting rate of downstream looms has risen slightly since the end of July, and the comprehensive starting rate of looms in Jiangsu and Zhejiang regions has risen to 63.30%. According to relevant data, in July 2020, China’s export of textile yarn, fabric and products was US $15.976.9 billion; from January to July 2020, China’s export of textile yarn, fabric and products was US $90.080.4 billion, with a year-on-year increase of 31.3%. Since the middle and last ten days of July, some trading enterprises have reported that the situation of receiving orders has improved, the export orders of downstream factories have increased in batches, the orders of domestic autumn and winter fabrics have also improved significantly compared with the previous month, and the orders from Europe and the United States have also recovered a little. The import volume of cotton yarn also increased month on month. Domestic enterprises’ demand for imported cotton and cotton yarn recovered, the number of imported yarn rebounded, and the market demand gradually recovered.

This small rebound in downstream demand has driven the enthusiasm of the market, and the production enthusiasm of manufacturers has obviously improved, but it will also bring the possibility of overcapacity. Businesses still focus on maintaining stability in the future market forecast, and the increase of current orders is less than that of the same period last year, and most of them are small short-term orders. The sustainability of late orders is still insufficient. When new capacity is gradually released, downstream demand will increase It is expected that polyester yarn will be weak in the future.

According to the price monitoring of the business agency, the domestic raw silk market has shown a surge in the past week. As of August 21, the average price of raw silk market was 289000 yuan / ton, up 3.12% on a weekly basis. As of August 21, the average market price was 88600 yuan / ton, down 0.17% week on week.

The first batch of autumn cocoons in Xincheng silkworm District of Guangxi began to be put on the market this week, and the listing time did not change much from that of last year. The harvest and drying of autumn cocoons in Guangxi will be fully started. On August 20, we learned from some local purchasing units that the current purchase price is about 28 yuan / kg, which is lower than last year (the purchase price of the first batch of autumn cocoons in Xincheng in 2019 is about 40.5-42 yuan / kg). It is understood that the overall quality performance of the listed cocoons is general, but it is still in the initial stage of listing, the quantity of cocoons listed is still relatively small, and the quality performance and purchase price of cocoons are not representative. It is expected that the first batch of autumn cocoons in Xincheng will usher in the peak period of listing on August 22, when the quality performance and purchase price of the first batch of autumn cocoons will be clearer.

With the approaching of the traditional peak season of “gold, silver and ten”, the transaction atmosphere of cocoon and silk spot market has recovered, and the domestic and foreign trade markets have certain performance. According to the news in Shengze, the trading atmosphere in the market is better than that in the early stage, and the downstream procurement presents the pattern of “small batch and multi batch”. In the traditional market of China Light and Textile City, the turnover of thin fabrics continues to decline in summer, but there are many suppliers who continue to increase their proofing in autumn and winter. Foreign trade European and American home textile orders have picked up, gradually opened the situation, sales began to increase locally. However, due to the large social inventory in the market, these orders are not enough to consume the original inventory of the manufacturer, and the market inventory is in a stalemate state. At present, there are about 45-46 days of blank cloth warehouse in Shengze area.

Business agency analysts believe that the current terminal textile orders regardless of domestic and foreign trade market orders have recovered, which makes the light market sentiment improved. In late August, the silkworm production in Guangxi began in the second half of the year. With the coming of autumn cocoons, the cost of raw materials will form a certain support for the price of silk. It is expected that in the short term, the positive news will boost the price of cocoon and silk will show an upward trend.

1、 Price trend

2、 Market analysis

According to the data of the business agency, the market of potassium sulfate in Hebei Province is stable this week, and the price of Mannheim potassium sulfate is about 2550 yuan / ton, and that of 50% granules and 52% water soluble powder is about 2650 yuan / ton, which is the same as last week’s price. Report station of potassium sulfate manufacturer of water salt system: Qinghai 50% powder 2300 yuan / ton. With a capacity of 1.6 million tons / year, the plant enters the summer maintenance period and is expected to resume production in September. At this stage, the inventory is basically sold out and no new orders will be received. The source of goods is mostly concentrated in the hands of traders. At present, the price of Mannheim potassium sulfate in southwest and Northwest China is stable, and manufacturers have more orders. The operating rate of jilumannheim plant is stable at 70% ~ 75%. The price of potassium sulfate is obviously willing to keep up with the price of potassium chloride, which may rise in the future, and the price will continue to be high and strong.

3、 Future forecast

The potassium sulfate analysts of the business society believe that: the current market of potassium sulfate is stable, and the market price has no obvious change. It is expected that the operating rate of compound fertilizer will rise in September, and the price of potash fertilizer may also rise at that time.

According to the price monitoring of the business agency, the domestic market of spandex has risen slightly in the past week. As of August 20, the average price of spandex 40d specification was 31400 yuan / ton, up 1.62% compared with August 13 and 1.57% lower than that on August 13.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang 34500-35500 33500-34500-27500-28500

Shandong 35000-36000 34000-35000 28000-29000

Fujian 35000-36000 34000-35000 28000-31500

Jiangsu 34500-35500 33500-34500-27500-31500

The supporting role of the cost side gradually increased, and the spandex manufacturers actively pushed up the price. Most of the spandex manufacturers issued price increase notices. Affected by the cost pressure, all specifications generally increased by 500-1000 yuan / ton. The emergence of this news has brought a certain degree of activity to the market. The downstream dealers and agents have a slight stock mood, and the initial inventory is gradually consumed. The overall market is showing signs of improvement. At present, the reference for 20d spandex mainstream negotiation in Zhejiang Province is 34500-35500 yuan / ton; for 30d spandex, it is 33500-34500 yuan / ton; for 40d spandex, it is 27500-28500 yuan / ton, and the actual transaction is detailed.

Market price change of pure MDI in August (unit: yuan / ton)

Region: August 3 to August 10 to August 20

South China 13300-13500 13800-14000 14500-14800

North China 13300-13500 13800-14500 14500-14800

East China 13300-13500 13800-14000 14500-14800

Raw material market, pure MDI market continued to pull up, news stimulation, low prices of the goods holders, prices pushed up. However, due to the limited position replenishment in the downstream area, the rigid demand support is general, the supply of goods is slow, and the trading volume is weak. The current market quotation is 14500-14800 yuan / T.

Summary of production and sales trends of domestic PTMEG manufacturers

Enterprise name address capacity (10000 tons / year) remarks

Shanxi 3D and Shanxi Hongdong 5 are in parking, and there is no plan to restart temporarily

Yizheng Dalian Jiangsu Yizheng 4 plant shutdown

Sinopec Great Wall energy chemical Ningxia Yinchuan 9.2 unit load is not high

Henan Nenghua Henan Hebi 6 parking

The load of Xinjiang Meike Xinjiang Korla 5 unit is not high

Tunhe River, Lanshan, Xinjiang, Changji, Xinjiang, April 6, July 25, maintenance, parking

The PTMEG market has a strong intention to explore the rise. It is learned that the settlement price of a large PTMEG manufacturer will increase by 1000 yuan / ton in the last ten days. At present, the mainstream quotation of 1800 molecular weight goods sources in the market is 14000-15000 yuan / ton, and the actual negotiation price is 13700-14000 yuan / ton. About 50% of the industry has been started, and the start-up is cautious. Among them, there are no plans to restart the plant in Shanxi sanwei (50000 tons), Yizheng Dalian (40000 tons) and Henan Nenghua (60000 tons). Sinopec Great Wall energy and chemical 92000 tons and Xinjiang Meike 50000 tons units load is not high, Xinjiang Lanshan Tunhe 46000 tons unit was overhauled on July 25, and is currently in shutdown.

The downstream terminal market orders are not high, all parties carefully watch the market. The market demand in Yiwu area of Zhejiang Province is generally followed up, and the starting level of wrapping yarn market is maintained at 60%. The market start-up level in Xiaoshao area remained at a low level, the round knitting machine market started at 40-50%, and the wrapped yarn market started at 50%. Changshu, Jiangsu Province, normally started work with orders, while the round knitting machine and warp knitting market started at 50-60%. Recently, the traditional market of China Light and textile city is in the weak market stage, clothing fabric sales continue to shrink, the price of mass fabric fell month on month, and the price of volume products decreased month on month. In summer, the turnover of thin fabrics continues to decline, and there are many suppliers in the domestic market. The proofing of fabrics in autumn and winter continues to increase slightly, and the number of orders increases partially. Foreign trade market, especially the arrival of autumn and winter fabric orders, gradually opened up the situation, sales began to increase locally.

Business agency analysts believe that the cost side, raw material market PTMEG has plans to rise, pure MDI market prices continue to rise, good support increased, boosting the overall market confidence. In addition, about 80% of the spandex industry starts operation, although it remains at a high level, the demand side also shows signs of improvement. Manufacturers say that the shipment is smooth, the overall inventory level is declining, and even some manufacturers say that some specifications and models are in short supply. I believe that with the approaching of “gold nine silver ten”, the overall market of spandex will remain volatile upward trend.

According to the monitoring of bulk data of business agency, the market of ethyl acetate in East China is stable and weak. As of August 20, the average price of enterprises in East China was about 5642 yuan / ton, down 0.7% from the beginning of the week and 0.76% higher than that at the beginning of the month.

At present, the domestic ethyl acetate Market as a whole is relatively stable, the spot supply is sufficient, the cost side market operation trend is empty, and the downstream market demand is weak, resulting in the gradual accumulation of enterprise inventory, and the ethyl acetate production enterprises are forced to bid for shipment. At present, East China is about 5500 yuan / ton, North China is about 5450 yuan / ton, and South China is about 5850 yuan / ton.

In the aspect of raw materials, the contradiction between supply and demand in acetic acid market has been intensified. In order to prevent excessive warehouse pressure in the future market, enterprises gradually bid for goods, and market bearish mentality is obvious. Ethanol was stable and soft, and the transaction price of raw corn fell. Some production enterprises in Henan Province resumed normal operation. In a short period of time, the inventory of enterprises increased relatively. Most of the downstream enterprises needed to purchase, and small orders were mainly used.

The overall performance of the international ethyl acetate Market is relatively stable, among which the port price in European market is about 750 euro / ton, and the port price in North American market is about 610-660 US dollars / ton.

According to the analysts of ethyl acetate of business club, the decline of raw material prices has led to the no longer favorable factors in the ethyl acetate Market. The decline in cost is an important reason for the weakness of the ethyl acetate Market. In addition, the demand in the downstream market is flat and the negative factors are superimposed. It is expected that the ethyl acetate Market will decline in a short period of time.

1、 Price trend

According to the business club’s large list data, the average ex factory price of powdered monoammonium was 1900 yuan / ton on August 1, and 1900 yuan / ton on August 20, keeping the price stable.

According to the business club’s large list data, the average ex factory price of 64% diammonium on August 1 was 2202 yuan / ton, and that on August 20 was 2218 yuan / ton, with a price increase of 0.76%.

2、 Market analysis

In the first ten days of August, the price of monoammonium phosphate was stable, and the operating rate of the enterprise was about 76%. In Anhui Province, 55% powdered ammonium was quoted at 1900-1950 yuan / T, and the start-up was stable. In Hubei Province, the ex factory quotation of 55% powdered ammonium is about 1900-1950 yuan / ton, and the mainstream factory quotation of 60% powdered ammonium is 2050-2150 yuan / ton. The stable operation of Henan market, 55% ammonium powder factory quotation of 1900 yuan / ton, stable start-up. The price of 55% powdered ammonium in Shandong Province is 1850-1950 yuan / ton, and the price is stable. The factory quotation of 55% powdered ammonium in Sichuan is about 1950 yuan / ton.

In the first ten days of August, the price of diammonium phosphate rose slightly, and the operating rate of enterprises was about 60%. At present, 64% DAP mainstream factory quotation in Hubei Province is 2200-2300 yuan / ton, that in Shandong Province is 2200-2250 yuan / ton, that in Yunnan Guizhou area is 2300-2450 yuan / ton, and that in Anhui Province is 2200-2350 yuan / ton. In Gansu Province, 64% DAP mainstream factory quotation is 2250-2350 yuan / ton. The first arrival price of 64% diammonium in Heilongjiang Province is about 2450 yuan / ton.

At present, the sulfur inventory of domestic refineries of raw material sulfur is low, and the supply of liquid sulfur is tight. Under the performance of supply and demand, it supports the market. Most of the quotations of domestic sulfur enterprises rose, and the price of sulfonic acid market was firm, and the market in the later stage might be improved under the support of domestic market. Downstream compound fertilizer is mainly purchased on demand, and the market is stable.

3、 Future forecast

Ammonium phosphate analysts believe that due to weak downstream demand, the current market of ammonium monoammonium is running weakly, and the price has no obvious change. Diammonium demand at home and abroad increased, the market gradually improved, began to rise slightly. It is expected that in the short term, the primary ammonium will maintain stable operation, while the diammonium still has room for increase.

According to the price monitoring of the business agency, the domestic PTA market has maintained a small decline trend in the past week. As of August 20, the average market price was 3592 yuan / ton, down 1.22% compared with August 13 and 32.67% year-on-year. During the week, PTA shutdown and maintenance devices entered the restart stage one after another, with a small increment at the supply end. Although the terminal orders recovered, the market’s expectation for foreign trade weakened and the support from the demand side was insufficient. In addition, the market is still worried about crude oil demand, so it shows a weak downward trend.

Production enterprise unit capacity (10000 tons / year) unit operation status

Huabin Petrochemical 140 plans to overhaul for 10-15 days in late August 2020

Yangzi Petrochemical 65 will be overhauled on August 6, 2020, and will be restarted on August 21

Hailun Petrochemical 120: August 2, 2020, overhaul for 1 month

Ningbo Taihua 120 will be overhauled on August 3, 2020 and restarted on August 20

Yadong Petrochemical 70 plans to overhaul for 3 days at the end of August 2020

Livan polyester 70 will be shut down on April 30, 2020, to be restarted

Restart of Hanbang Petrochemical on May 60, 2020

220. Reduce the negative rate by 50% on August 6, 2020 and resume on August 7, 2020

Honggang Petrochemical Co., Ltd. will stop short on August 10, 2020 and restart on August 17, 2020

Tianjin Petrochemical Company will shut down for maintenance on April 17, 2020, and restart to be determined

Luoyang Petrochemical Company will start maintenance for 27 days at the end of July 2020

Pengwei Petrochemical 90 will be shut down for maintenance on March 9, 2020, and restart to be determined

Fuhai Chuang 450 will reduce the load by 70% on August 12, 2020, and increase to about 90% on August 18, 2020

Jialong petrochemical company shut down for maintenance on August 2, 2019, restart time to be determined

In terms of PTA plant, 1.5 million tons of Honggang petrochemical and 1.2 million tons of Ningbo Taihua were warmed up and restarted on August 17 and 20, respectively. Fuhai hit 4.5 million tons, and the load rose to about 90% on August 18. Yangzi Petrochemical Co., Ltd. plans to restart on August 21. At present, the operating rate has been raised to around 87%, and the supply increase is expected to be detrimental to the market mentality.

At the same time, the inventory is still at a high level, because the current social inventory is still at nearly 4 million tons, and the continuous restart of the device leads to the limited duration of removal, so the pressure of PTA social inventory is still large. As of August 14, the domestic PTA social inventory was 3.92 million tons, a decrease of 65000 tons compared with the previous week, but a significant increase of 2.45 million tons compared with the same period in 2019.

The downstream Tongkun Hengchao 300 kt polyester plant was put into operation on Tuesday, and the start-up load was increased to more than 87%. Shaoxing Jiabao 400000 t polyester plant is expected to restart next week. At the same time, Hengyi Haining New Material Co., Ltd. is expected to put into operation at the end of the month. Yizheng Chemical fiber’s remaining 50000 tons of polyester staple fiber is planned to be put into operation at the end of the month, and Chenggao’s 600000 ton bottle chips are planned to restart at the end of the month. Overall, polyester will be further improved. In terms of inventory, the overall inventory of polyester market is concentrated in 33-40 days; in terms of specific products, POY inventory is up to 11-18 days, FDY inventory is around 22-32 days, and DTY inventory is about 30-40 days. The market price of polyester filament is stable and weak this week, among which the price of polyester poy150d / 48F of mainstream factories in Jiangsu and Zhejiang is 5050-5450 yuan / ton. The terminal just needs to be purchased is not good, and the transaction is mainly light. The comprehensive starting rate of Jiangsu and Zhejiang looms is around 63%, which is low compared with the same period last year. Recently, there are many kinds of knitted fabrics hanging samples on the traditional market of China Light Textile City, but the number of patterns on the spot is still relatively limited. Among them, small jacquard strips and small diamond lattice double-sided sweater fabrics with polyester bright FDY, semi light FDY, DTY and POY as the main raw materials are increased.

Xia Ting, an analyst at the business agency, believes that the negative side of the demand side has always been the biggest resistance to the rise in oil prices. The market still has some worries about crude oil demand, and the oil price will consolidate at a high level. PTA plant restart heating, loose supply expectations, high inventory. However, with the restart of polyester plant, the terminal order has also improved, and the demand side will improve. Therefore, overall, PTA prices are expected to remain narrow next week.

According to the monitoring data of business agency, as of August 19, the average price of silicone DMC market quotation in the mainstream areas of data monitoring was 16666.67 yuan / ton, which was increased by 66.67 yuan / ton or 0.40% compared with August 1.

Domestic silicone DMC market runs smoothly in recent 2 weeks

Since August, the domestic silicone DMC market has been running smoothly. In the first ten days of August, there was a short-term narrow range adjustment. In the past two weeks, the market situation of silicone DMC has been “calm and steady as Mount Tai”, the market quotation is almost without fluctuation, the downstream purchasing atmosphere is dull, the demand is general, and it is mainly used as soon as it is purchased.

At the beginning of the month, the manufacturers’ quotation is mainly low, and the pressure on the manufacturers to sell the equipment is slightly lower than that at the beginning of the month. As of August 19, the domestic market trend of silicone DMC was stable, with reference to 16500-16800 yuan / ton for mainstream areas, 16200 yuan / ton for low-end quotation and 17000 yuan / ton for high-end quotation.

According to the business agency, the following is the DMC price and the start-up situation of some domestic silicone enterprises (for reference only)

Remarks on the total capacity, price and operation of the plant

Hesheng silicon 3.58 million tons / year 16800 yuan / ton, the plant runs smoothly, and the purified water is delivered to

320000t / a of Hubei Xingfa – normal operation of the plant

Zhejiang Zhongtian 120000 T / a 16800 yuan / T unit operates smoothly with tax included in purified water

150000t / a 16500 yuan / T plant in Jinling, Shandong

Luxi Chemical Co., Ltd., 80000 tons / year, 16200 yuan / ton, normal operation of the plant, and cash delivery of purified water

Inner Mongolia hengyecheng 240000 / T 17000 yuan / T unit normal operation, purified water tax included

On the upstream side, at present, the overall market of silicon metal rose slightly compared with the beginning of August. On August 18, the reference price of silicon metal was 11208.33, up 1.97% compared with August 1 (10991.67). On August 18, the price of silicon metal in Sichuan increased by 50 yuan / ton, and the current price range was 11000-11100 yuan / ton, with an average price of 11050 yuan / ton; the price of silicon in Tianjin port area rose by 100 yuan / ton, and the current transaction range was 11300-11400 yuan / ton, with an average market price of 11350 yuan / ton; the price of silicon in Huangpu port area rose by 50 yuan / ton At present, the price range is 11200-11400 yuan / ton, and the average market price is 11250 yuan / ton.

The supply and demand is slightly deadlocked, and the downstream demand is not good, and it may fall in the later period

At present, there are not many new orders of silicone oil and silicone in the downstream of silicone DMC, and the replenishment is slow. The mode of “buy as you use” is often adopted for silicone DMC. The light market of silicone DMC also makes the downstream wait-and-see mood strong, the supply and marketing game appears, and the market is slightly deadlocked. In addition, the overall start-up of monomer plants is still on the high side. Although the inventory is low, but the demand is insufficient, it is still difficult for DMC to go up, It is expected that in the short term, the price of some factories with high quotation will fall slightly.

Price trend of 441 silicon

On August 19, the price of silicon metal (441) rose slightly. According to the data of the business agency, on August 19, the average market price of domestic silicon metal (441) was 11208.33 yuan / ton, an increase of 1.97% compared with the average market price of 10991.67 yuan / ton at the beginning of the month (8.1); 10491.67 yuan / ton, an increase of 6.83% compared with the average market price of 11833.33 yuan / ton at the beginning of the year (1.1), a decrease of 5.28%.

On the 19th, the prices of 441 silicon in different regions were as follows:

The price range of silicon metal in Fujian is 10700-10800 yuan / ton, that of Sichuan is 11000-11100 yuan / ton, that of Kunming is 10900-11000 yuan / ton, that of Shanghai is 11700-11900 yuan / ton, that of Tianjin port is 11300-11500 yuan / ton, and that of Huangpu port is 11200-11400 yuan / ton 。

After the recovery in July, the price of silicon metal is getting better

At the beginning of July, the metal silicon price hit the bottom and rebounded. The logic of this round’s rise: supply and demand, the resumption of production of large factories is delayed, downstream centralized procurement is superimposed, traders copy the bottom and store goods, and the price is low, the production enterprises are determined to support the price.

In August, Xinjiang’s transportation was restricted, the supply in the North was relatively tight, and the market price was expected to rise. At present, silicon factories have abundant orders and little capital pressure, and their willingness to raise prices is still there. Affected by the rise of rainstorm water level in some areas of Sichuan Province, two silicon factories shut down three submerged arc furnaces due to the influence of Rainstorm on cooling water circulation, and the supply of downstream silicon plants may be affected to some extent.

In the future market, the main task is to maintain stability

The market of silicone in the downstream is very good, the supply and demand of silicon metal has improved, and the willingness of manufacturers to support the price remains unchanged. It is expected that the silicon price will be stronger in the near future.

Market trend of magnesium market in 2020

On August 19, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will run weakly and stably, with the overall range of 12800-13000 yuan / ton, and the actual order negotiation is mainly discussed.

The specific price ranges of each region are as follows:

The ex factory spot exchange including tax in fugu district is 12750-13000 yuan / ton; Taiyuan is 12850-12950 yuan / ton; Wenxi district is 13000-13000 yuan / ton; Ningxia area is 12800-12900 yuan / ton.

The magnesium ingot is the original magnesium ingot of national standard (GB / t3499-2011); it is not pickled, has no wooden pallet and does not pay the acceptance price, and the actual order negotiation is the main one.

According to the data of the business agency, the average price of the domestic market on the 19th was 12900 yuan / ton, a decrease of 0.26% compared with the average price of 12933.33 yuan / ton at the beginning of July (8.1) and 14166.67 yuan / ton at the beginning of July (1.1), a decrease of 8.94%. In recent years, the price of magnesium ingot is weak and stable, and the quotation of mainstream production areas has little change.

Weak demand for magnesium ingots in the first ten days of August

At present, the external quotation of magnesium ingot is basically stable. Due to the influence of cost factors, the willingness of mainstream manufacturers to reduce the quotation has moved down. However, due to the obstruction at the export end, the downstream customers of domestic demand just need to purchase, and the middlemen purchase sporadically, and the willingness to lower the price is strong, and the actual transaction price in the market is slightly loose.

The weak operation of magnesium ingots in the first ten days of August is mainly due to the poor demand. It is learned that there is not much trading in the market at present, and the domestic downstream manufacturers have relatively sufficient stock in the early stage. At present, they are basically purchasing on demand, and they are not willing to stock up in large quantities. Considering the cost factors, magnesium ingot manufacturers have little room for price reduction at present, and the game between supply and demand in the market is intensified.

Future forecast

Some factories may be shut down for maintenance, and the supply side has a certain positive effect on magnesium price, but based on the reality of weak demand, it is difficult for the demand side to improve significantly in the short term; supply pressure still exists in the short term. It is expected that the weak and stable operation will become normal in the later stage, and the change of downstream purchasing rhythm will be focused in the later stage.