At the beginning of the week, the price of magnesium was stable at a high level. On the 19th, the mainstream price of magnesium was 19666.67 yuan / ton in cash including tax; On the 25th, the price of magnesium was 19333.33 yuan / ton, down 1.69%. As of the 25th, the specific price range of each region is as follows:

In fugu area, the ex factory spot exchange including tax is 19500-19600 yuan / ton; In Ningxia, the ex factory spot exchange including tax is 19500-19600 yuan / ton; In Taiyuan area, the ex factory spot exchange including tax is 19600-19700 yuan / ton; In Wenxi area, the ex factory spot exchange including tax is 19600-19700 yuan / ton.

Market analysis of this week

Due to the sharp rise of magnesium price last week, magnesium price gradually fell this week until the magnesium market stopped falling and stabilized on Friday. The supply and demand side is in a stalemate. Although the supply side is supported by the high cost of raw materials and the shortage of coal supply, some coal plants avoid the magnesium price rise due to maintenance; After the price of magnesium on the demand side rises, the willingness of downstream replenishment weakens, and with the trend of magnesium price rising and falling, the acceptance of downstream customers is low, the purchase is more cautious, and the market has a strong wait-and-see mood.

Short term forecast

Although the cost side support is strong, in view of the weak market transactions, the downstream customers are affected by the falling sentiment, and most of the purchases are just need replenishment, so the cautious wait-and-see mentality is obvious. Business analysts believe that under the pressure of weakening demand, the market will be under pressure in the short term.