"The global ferroalloy network" 2023-6-26: magnesium in domestic market continued strong operation today, the market orders, follow up orders, clinch a deal valence started to rise in succession, under the condition of renewed confidence in the market, part of a shipper of shipments intention is not strong, manufacturers offer has high and increasingly show a strong, low-cost sourcing the market at present difficult to adopt, but downstream cautious wait-and-see mood is still dominant, to be close Focus on the market clinch a deal.
So far, according to a global web of ferroalloys, 99.9% not pickling magnesium metal factory in Shanxi Province tax cash offer RMB 20800-21000 tons (+ 300); Inner Mongolia, ningxia tax number of factory is now offer RMB 20800-21000 tons (+ 300); Taiyuan in Shanxi Province tax factory cash offer RMB 20900-21100 tons (+ 300); Shanxi wenxi tax factory cash offer RMB 21000-21200 tons (+ 300)
With domestic metal magnesium market price rise apparently yesterday afternoon, the downstream inquiry, just need to order following suit, factory orders and market confidence restored, manufacturer to further increases in low price rised mood, large supply of goods low price offer. And from the above quotation, compared with yesterday, today's domestic magnesium metal prices continue to rise $300 tons, the shipper is generally low price rised, most factories quotation on tax factory cash 21000 yuan/ton, small factory also have individual cheap supply of goods. At the same time, in the face of the magnesium price is rising, the market besides just need to purchase, most buyers said in the case of no order support are reluctant to purchase admission, so subsequent magnesium city is expected to continue to shock run primarily.
