According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province rose slightly this week (1.13-1.17), with an average market price of 16266 yuan/ton at the beginning of the week and 16250 yuan/ton at the end of the week, an increase of 0.10%.
This week’s market analysis
In the early stage of the magnesium market this week, the overall performance was relatively stable, and trading activity was relatively quiet. However, as we entered the middle and later stages of the week, with some downstream customers and intermediate buyers increasing their scale of stocking up in the market, the market activity began to show a significant increase, and the overall trading atmosphere gradually heated up.
Supply and demand side
From the perspective of market supply and demand, in-depth analysis shows that the current factory quotations on the supply side remain relatively stable and firm. The market price has shown a slight increase compared to before, with an increase of 50 to 100 yuan/ton, which has boosted market confidence to some extent. On the demand side, downstream customers and traders may choose to adopt a wait-and-see attitude to observe market trends or prepare goods in an orderly manner according to their own business strategies and actual needs.
As the Spring Festival approaches, the operational strategies of all parties in the market are becoming more stable and conservative, and it is expected that the market situation will not experience significant fluctuations in the short term.
comprehensive analysis
In summary, the current magnesium ingot market prices are showing a slight upward trend, but overall, the market’s upside and downside space is still relatively limited. It is expected that the magnesium ingot market will maintain a slight adjustment trend within the range.
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