Original title: Magnesium Market: Weekly Review (04.22-04.26)
A review of the magnesium market in a week
The overall magnesium market remained stable this week, and the quotation declined slightly. As of April 26, the main factory tax-included cash price of 99.9% magnesium ingots in the Fugu area was reported at 16,800-17,000 yuan/ton, the actual transaction price was around 16,900 yuan/ton, and the Wenxi area reported 17100-17300 yuan/ton. The stable operation of the magnesium market has continued for more than a month, and the market supply and demand have remained in balance. On the one hand, the magnesium plant is affected by the higher prices of raw materials such as coal, the production cost is increasing, the production is basically maintained at low inventory, and the quotation continues to be stable, without loosening the intention. On the other hand, the demand for the downstream processing enterprises in the May Day has not increased significantly, and there is not a large amount of procurement activities. It is mainly based on purchases and cannot provide strong support for the current magnesium price.
Next week's "May 1" holiday is approaching, and market transactions are expected to be flat. Therefore, under the stimulus of no sudden news, the market will continue to operate smoothly, still based on small consolidation.
Related market trends
At present, the coal supply in Yulin is tight and prices continue to rise. Recently, due to the demand boost, as well as coal mine inspections and coal pipe tickets, the supply of coal sources has been in a period of shortage, and the coal price of the gods has risen steadily; together with the coal-producing province of Shaanxi and Shanxi Province this year, the coal mine safety and The environmental protection inspection, the high-pressure policy of coal mines limiting production capacity has not been loosely implemented, and the coal price is easy to rise and fall; in addition, the “peaking summer” is approaching, traders are optimistic about the purchase of the reserve in advance, and even the Shanxi coke market yesterday. The first round of 100 yuan/ton has risen sharply. It is reported that it has been accepted by downstream steel mills.