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SMM5 March 11 magnesium ingots spot Express: magnesium ingots have a strong willingness to bid up the upper reaches of the weak transaction of magnesium ingots.
May 11,2020 14:13CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 May 11 magnesium ingot spot report: today's domestic spot price of 999 magnesium ingots is the same as last Friday, the transaction price of mainstream factories in Fugu area is 13,200mur13300 yuan / ton, and that of mainstream factories in Wenxi area is 13500Muth13600 yuan / ton.

Affected by the overseas epidemic situation, the export of magnesium ingots and downstream magnesium powder, magnesium alloys and other processed products are blocked, the downstream orders are reduced obviously, and the trading volume of magnesium ingots is still weak. However, the domestic manufacturers in the main producing areas of magnesium ingots have achieved results in reducing production and limiting production, the overall inventory in the upstream is limited, the blue carbon is currently unsalable, the price is falling, the cost of magnesium ingot production plants is increased, and the willingness to raise prices upstream is strong.

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