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SMM5 20 magnesium ingot spot express: magnesium ingot prices continue to decline the market is still weak
May 20,2020 11:51CST
translation
Source:SMM
Today, the transaction price of mainstream factories in Fugu area of 999 magnesium ingots is 13000 yuan / ton, while that of mainstream factories in Wenxi area is 13300 yuan / ton, which is 100 yuan / ton lower than that on Monday.
The content below was translated by Tencent automatically for reference.

SMM5 May 20 magnesium ingot spot express: today's domestic 999 magnesium ingot Fugu area mainstream factory transaction price of 13000 yuan / ton, Wenxi area mainstream factory transaction price of 13300 yuan / ton, compared with Monday down 50 murals 100 yuan / ton.

Due to the lack of downstream demand support in the domestic magnesium ingot spot market, prices have continued to weaken since last Friday, as prices have been unstable and downstream purchasing enthusiasm is not large, so the overall trading volume is still on the low side. The price reduction is not large, we can see that there is still a willingness to push up the price upstream, and it is expected that the follow-up price is likely to stabilize at 13000 or slightly consolidate.

        

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