Price trend of metallic magnesium
| Azodicarbonamide (AC foaming Agent) |
Market analysis this week
According to the data monitoring of the business agency, as of the 8th, the average price in the domestic market was 25333.33 yuan / ton, down 3.18% on a weekly basis. This week, the magnesium ingot price was weak. After the price fell at the beginning of the week, it has been running steadily, and the magnesium ingot Market shows signs of stopping falling and stabilizing.
Supply and demand
Under the pressure of the traditional off-season from July to August, the downstream purchase intention is low, and the overall transaction performance is general. Considering the cost of magnesium plants, the current magnesium price has been at the edge of the cost line, and the plants still maintain cautious shipments, and some do not offer prices temporarily.
Upstream and downstream
On July 8, the mainstream quotation in Ningxia fluctuated in the range of 7800-8000 yuan / ton, the price of ferrosilicon fell below the cost price, and some manufacturers began to take the initiative to reduce production and guarantee prices. The futures market fluctuated at a low level, and the bidding price in July was lower than the market expectation, which suppressed the spot price of ferrosilicon. At the same time, the price of blue carbon fell, and the production pressure of magnesium plants became more obvious.
| povidone Iodine |
The downstream magnesium alloy and magnesium powder are weak, and the production of magnesium alloy enterprises is relatively stable. Due to the weak downstream demand for magnesium powder, the production and operation of magnesium powder enterprises are weak.
Aftermarket forecast
Raw material ferrosilicon is weak, the price of blue carbon is down, and the operating pressure of magnesium plant is increasing; At the same time, as the price approaches the cost line and the factory operation in summer, the cost pressure of magnesium plants also increases, and the possibility of magnesium ingot prices continuing to fall is small. However, from the perspective of supply and demand, the magnesium market has continued to operate under pressure in recent two months under the current situation of weak demand and the absence of good news in the market. Business analysts believe that magnesium ingot prices may be deadlocked in the short term.
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