SMM5 18 magnesium ingot spot comment: magnesium ingot price slightly reduced transaction is still negative

SMM5 18 magnesium ingot spot comment: today's domestic 999 magnesium ingot Fugu area mainstream factory transaction price of 13100 yuan / ton, Wenxi area mainstream factory transaction price of 13400 yuan / ton, down 100 yuan / ton compared with last weekend.

Half of May has passed, and the actual trading volume of the magnesium ingot market in the first half of the month is relatively low. first of all, most of the lower reaches made short-term inventory to save freight before May Day, and secondly, the price rose slightly after May Day, slightly higher than the downstream psychological price, so the lower reaches of the first half of the month mainly digested pre-inventory. At present, domestic sales are still dominated by downstream demand, so the price reduction is not very stimulating to the market transaction.