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December review of metal magnesium: environmental protection and domestic trade help the high end of magnesium price

Date:2022-01-07   Click:2451
December review of metal magnesium: environmental protection and domestic trade help the high end of magnesium price

December 31, 2021: driven by the need for domestic trade and procurement for many times this month, the price of magnesium ingot increased by 14250 yuan / ton per month, ending with an absolute high of 50000 yuan in December 2021. The price rise of magnesium ingots this month was mainly affected by the news of environmental protection inspectors. It almost rose all the way from the beginning of the month to the end of the month. Although downstream customers hesitated and cautious for many times during this period, the magnesium price did not fall sharply under the condition that large manufacturers tried to stabilize the price.

95 magnesium ingots: the price of 95 magnesium ingots in Shanxi and Shaanxi increased by 11000 yuan / ton compared with the previous month. The price fluctuated mainly with the market of 90 magnesium ingots. The market transaction was slightly weak, but the supply also decreased significantly. Under the condition that the demand of titanium plant has not improved, it is expected that 95 magnesium ingots will be consolidated steadily.

According to the survey and statistics of the website, the national output of magnesium ingots in December was about 74550 tons (excluding the output of Salt Lake), an increase of 3920 tons over the previous month; An increase of 6250 tons year-on-year. The average operating rate of domestic magnesium ingots was about 57.21%, up 2.34% month on month.

The maintenance of Shenmu Xinqing, a magnesium enterprise in Shaanxi Province, was completed this month, and production was resumed recently. It is expected that the output will be normal in early January; The production of other magnesium enterprises basically remained normal, and the overall output of Shaanxi increased significantly compared with last month. This month, magnesium enterprises in Shanxi basically maintained normal production, so the output is not much different from that of last month.

This month, magnesium enterprises in Ningxia and Inner Mongolia maintained normal production, and the output was basically flat compared with the previous month.

Magnesium enterprises in Xinjiang and Heilongjiang basically maintained normal production this month, with little change in output compared with the previous month.

The FOB quotation of magnesium ingot export this month increased by 2050 US dollars / ton, and the export quotation of magnesium ingot is mainly adjusted with the domestic price. The overall export market of magnesium ingots this month is bleak. Many foreign orders have stopped purchasing, and there are almost no orders in foreign trade, which basically lasts from the beginning of the month to the end of the month.

4、 Ferrosilicon Market

Ferrosilicon fell in December compared with November, and the price decline slowed down. At the end of the month, the mainstream price was 72#8000-8300 yuan, 75#8800-8900 yuan / ton, and the cash natural block was delivered, down 250-450 yuan / ton compared with November. The market price decline was mainly due to the lower volume and price of steel and the lack of market confidence. The news of this month was relatively calm. At the end of this month, the central steering group reported the problem of Yulin orchid charcoal, but the handling opinions were not published. In January, some factories in Zhongwei will resume production. In January, the steel bidding was carried out slowly, which means that the steel enterprises have not started yet. The end of January will usher in the Spring Festival holiday. It is expected that the market transaction will weaken in late January and the logistics will be shut down gradually. If there is no obvious change in Lanchan, it is expected that ferrosilicon will operate weakly in January, focusing on the commencement of Lanchan, Zhongwei and the performance of steel bidding in January.

5、 Future forecast

The sharp rise of magnesium ingots in December makes the price of magnesium in January confusing. Although the closed atmosphere will become more and more strong near the Spring Festival, the price of magnesium still dare not look down with the support of environmental protection policies. At present, there are clear reasons for the "supply and demand sides" to be bullish and bearish. From the current bullish situation of magnesium plants, even if the price falls due to demand, it will take a period of transition.


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