During the National Day holiday, there were not many transactions in the magnesium market as a whole; after the return of the holiday, the operation of the magnesium city was basically stable. To October 9, 99.9% of the factories in the Fugu area of magnesium ingots reported the mainstream ex-factory cash price of 50,000 yuan / ton, including tax. It is understood that the transaction price during the National Day period is less than 50, 000 yuan / ton, after the National Day holiday, the factory quotation is too strong to run, because the factory in Wenxi area is out of stock, the price is 52000 yuan / ton.
It is also understood that factories in the Fugu area have resumed work and production since October 1, and the operating capacity is generally maintained at about 40%. The factory offers a firm price under the condition that there is not much stock, and the downstream wait-and-see market is the main.
On October 8, the author learned from the sales general manager of a magnesium factory in Fugu area that the ex-factory cash price of Pu magnesium, including tax, was 50,000 yuan / ton, which was the same as that before the National Day. It is understood that at present, the daily output of magnesium in the plant is 20-30 tons, and the production capacity is restored to 40%. As for the trend of the magnesium market in the later period, the person said that under the influence of the double control policy of energy consumption, both the supply side and the demand side have limited production and operation. at present, the supply and demand of the magnesium city is gradually in balance, but customers with rigid demand at home and abroad are more worried about the uncertainty of the follow-up supply chain. inquiry and negotiation are still more intensive, the willingness to prepare goods is strong, and there is some support for the magnesium market, and the magnesium market may gradually stabilize at the price of 50,000 yuan / ton.
The author learned from a general manager of a trading enterprise that recently, foreign countries have mainly purchased small orders, and there are no large orders, and it is still difficult for most downstream users to accept the current magnesium price. however, the factory quotation remains strong, and this person has been following the market.
According to the analysis, from the point of view of the relationship between supply and demand, in view of the fact that the current capacity recovery rate of Fugu factories is not high, most of them are in the delivery of pre-orders, there are not many in spot, and the high prices of coal and ferrosilicon are superimposed on the operation of high prices. This autumn and winter, the environmental protection control over the heavily polluted weather will be more stringent, the supply of coal, ferrosilicon and ore will still be tight in the heating season, the cloud of off-peak production and production restrictions in upstream enterprises will still be shrouded, and the unstable factors of magnesium production are still there. It is expected that the magnesium factory quotation will be strong. It is reported that at present, the relevant departments of Shaanxi Province and Yulin City have begun to deploy the task of coal supply protection, requiring coal enterprises included in the scope of coal supply to strictly enforce the requirements of the state policy on ensuring supply and stabilizing prices, increase production and guarantee supply on the premise of ensuring safety, make every effort to ensure the use of coal for power generation and heating, and shall not refuse to perform the task for any reason.
Taking into account the recent reduction in downstream consumption, it is difficult for downstream users to accept high prices, and the high operating pressure of the magnesium market is still there. In the short term, it may be mainly to stabilize the trend of small and medium consolidation, seek a new balance between supply and demand, and wait and see to follow up the transaction.
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