SMM5 May 25 magnesium ingot spot express: magnesium ingot prices keep rising and transactions are still mainly in demand.

Published: May 25, 2020 13:42

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SMM5 May 25 magnesium ingot spot express: today's domestic magnesium ingot prices continue the trend of last weekend to continue to rise, 999 magnesium ingots Fugu area mainstream factory quotation 13200 Mel 13300 yuan / ton, Wen Xi area mainstream factory quotation 13500 Mel 13600 yuan / ton.

According to SMM research, today's magnesium ingot spot overall trading volume is not large, basically downstream just need to purchase mainly, the factory said that the inquiry order has increased. At present, the price continues to rise mainly because the upstream supplier temporarily occupies a dominant position because of the news that many factories have stopped production and maintenance, but the actual demand still does not have much support. The downstream is quite concerned about the price trend and has a strong wait-and-see attitude, and the follow-up market still adjusts the price according to the upstream inventory situation and the market balance.

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