Price List of Magnesium Ingot in 2018-2019
The market trend of magnesium ingots in 2018 can be roughly divided into three stages: from the beginning of the year to the middle of May, magnesium ingots oscillate in the range of 15,000-15,500 yuan/ton; from the middle of May, the price of magnesium ingots rises steadily, opening up a good market for magnesium. The price of magnesium ingots breaks through 16,000 yuan/ton in late June, 17,000 yuan/ton in early August, 18,000 yuan/ton in mid-October; and from the beginning of December, magnesium ingots break through 16,000 yuan/ton in late Price callback, return to 17,000 yuan/ton at the end of the year.
According to the data of business associations, domestic magnesium ingots (99.90) were quoted 17033.33 yuan/ton on December 31, 2018, 15 437.5 yuan/ton on December 31, the annual increase was 10.34%, 14 975 yuan/ton on January 11, the increase was 13.75%, which was lower than the peak price of magnesium ingots (29 November) and 18420 yuan/ton on November 29. The range was 7.53%. Based on the average price at the beginning of the year, the average annual fluctuation of magnesium ingot Market in 2018 is 22.32%.
The price of magnesium ingot in 2019 is slightly higher than that in the same period in 2018, but the price trend is weaker. According to data from business associations, as of August 16, the average annual peak price of magnesium ingots in 2019 was 17,550 yuan/ton (March 17), which was 3.03% higher than the average price at the beginning of the year; the lowest price appeared on July 8, and the average price of magnesium ingots was 15,433.33 yuan/ton, which was 9.39% lower than the average price at the beginning of the year; and the annual amplitude was 12.43%.
Prices of magnesium ingots were relatively stable in the early period of 2019. Prices of magnesium ingots fluctuated around 17 000 lines from mid-January to early May, with a range of 16 500 to 17 500 yuan/ton. From late May to early July, prices of magnesium ingots dropped sharply. According to data from business associations, the average market price of magnesium ingots on May 20 was 16 900 yuan/ton, and on July 10, the average market price of magnesium ingots was 15 433.33 yuan./ In 40 days, the price of magnesium ingot dropped by 1500 yuan/ton, or 8.68%. In mid-July, the price of magnesium ingot rose by 16,000 yuan/ton, then slightly returned to 15,500 yuan/ton. In August, the average price of magnesium ingot began to rise steadily, and by August 16, the average price of magnesium ingot Market rose by 2.15%.
From January to August 2019, the average monthly price of domestic magnesium ingot Market rose and fell as follows (yuan/ton):
Monthly rise and fall (%) amplitude (%) minimum price (date) maximum price (date)
1-0.49 4.75 16400.00 (01.09) 17225.00 (01.23)
2.15 1.15 16875.00 (02.12) 17075.00 (02.18)
3.74 3.24 17000.00 (03.01) 17550.00 (03.17)
4-0.73 0.73 17025.00 (04.09) 17150.00 (04.01)
5-1.13-1.13 16833.33 (05.31) 17025.00 (05.01)
6-6.34-6.34 15766.67 (06.26) 16833.33 (06.01)
7-1.69 3.38 15433.33 (07.08) 15966.67 (07.18)
8 (as of 16 days) 2.15 2.15 15833.33 (08.16) 15500.00 (08.01)
2019.08 Business Association
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Ferrosilicon Price of Raw Material Strong Cost Support of Magnesium Ingot
In 2019, the price of raw material ferrosilicon is stronger than that of magnesium ingot. According to business association data (as shown below), the price trend of magnesium ingot-ferrosilicon tends to converge obviously in the end of January-February. After the price of raw material ferrosilicon rose in early March, the price of magnesium ingot oscillated all the way, while the price of magnesium ingot declined significantly.
The price trend chart of magnesium ingot-ferrosilicon in 2019 is as follows:
The weakening of the correlation between magnesium ingot and ferrosilicon price shows that this year the price of magnesium ingot is weakened by the influence of cost factors. The market expectation (or the willingness of manufacturers to bid) of the price of magnesium ingot rising steadily due to the rising price of raw materials collapsed in previous years. On the other hand, it also reflects that the price of magnesium ingot rose by 18,000 yuan/ton in 2018 and then entered 201. Nine years of magnesium ingot prices are relatively high, cost factors are relatively weak, supply and demand factors are enlarged. Downstream demand, factory inventory and capital turnover demand have become the focus of market game.
Although the influence of raw material ferrosilicon on the price of magnesium ingot has weakened in recent months, with the price of magnesium ingot declining, it gradually returns to the front line of 15500-16000 yuan/ton. From the point of view of cost factor and historical data, it should also be respected.
According to the latest news, the latest developments of steel recruitment in August are as follows:
1. The tender price of Ferrosilicon of Nanyang Hanye Special Steel was announced in August. The acceptance price of Ferrosilicon including tax was 6260 yuan/ton, which was 30 yuan/ton higher than that of July, and the quantity was 200 tons, 50 tons higher than that of July.
2. Hengyang Hualing Steel Pipe started bidding in late August. This 75B Ferrosilicon Bidding Quantity is 360 tons. The quotation deadline is 10 a.m. on August 16. The delivery date is required before August 30.
3. The tender price of ferrosilicon in Lingyuan Iron and Steel Co. was announced in August. The acceptance price of ferrosilicon with tax was 6 630 yuan/ton, and the quantity was more than 1,000 tons.
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From the above data, it can be concluded that the steel price in August is more stable than that in July. Overall, the market supply side is loose (Ferrosilicon manufacturers resume production news, Zhongwei Dayou smelting opened a new 45000 KVA ore furnace), downstream demand is weak and other negative factors, Ferrosilicon manufacturers’mentality has been impacted, quotation slightly declined. In addition, the output of ferrosilicon reached 464,000 tons in July, an increase of 238,000 tons compared with June, an increase of 5.41% annually. In the week of August 2, the national start-up rate was 59.08%, which was 0.4% lower than that of last week. The average daily output was 15101 tons, a decrease of 343 tons annually. In the absence of positive factors, the short-term ferrosilicon market may maintain weak and stable operation.
The future trend of ferrosilicon may be weak and stable, but based on the relatively strong position of raw material ferrosilicon price over magnesium ingot price, the cost support of magnesium ingot is still strong. Recently, the price of magnesium ingot has been steadily rising, and the future trend of magnesium ingot-ferrosilicon price is not uncertain.
Magnesium exports in the first half of the year were running well
According to statistics from the General Administration of Customs, in the first half of 2019, the total export volume of six kinds of magnesia and its products in China totaled 232.4 million tons, an increase of 19.3% over the same period last year, and a cumulative export value of 4.117 billion US dollars, an increase of 34.3% over the same period last year.
Among them, in June, the export volume of six kinds of duty magnesia and its products totaled 37.1 million tons, an increase of 8.0% compared with the same period of last year, and the export amount was 668 million US dollars, an increase of 23% compared with the same period of last year; in June, the export volume of magnesium increased by 5.03% annually compared with May, and the export amount increased by 9.28%.
Recent Magnesium Market’s Steady and Strong Operation
It is reported that at present, most factories have fewer spot sources and less inventory pressure. Some magnesium enterprises mainly sell in advance, and the delivery date is shorter than the spot, then it is moved back 3-5 days and about a week. On the one hand, the demand has improved slightly based on the release of orders backlogged in earlier period of export; on the other hand, due to the current off-season of production, hot weather and plant equipment maintenance routine, producers in the main production area began routine equipment maintenance, expected factory output will decline, factory warehouse. As a whole, there is not much stock, and the willingness of the factory to bid is still there.
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This week (8.12-8.16) the price of magnesium ingots gradually increased. By Friday, the cash tax price of magnesium ingots (99.9%, non-pickling, simple packaging) from the main domestic producing areas was firm. Some manufacturers’quotations went up. The specific quotation ranges were as follows:
Fugu area has ex-factory cash remittance of 15700-16000 yuan/ton, Taiyuan area of 15800-16000 yuan/ton, Wenxi area of 16000-16200 yuan/ton and Ningxia area of 15800-15900 yuan/ton.
In terms of actual transaction, the mainstream factories in northern Shaanxi offer a spot exchange rate of 15700-15800 yuan/ton, the lowest spot exchange rate of 15650 yuan/ton, and the low-cost source of goods is hard to find; the ex-factory price in Taiyuan is 15800-15900 yuan/ton, the spot price is not much, the pre-sale production is predominant, which is expected to last until next Wednesday or so, and the spot price in Wenxi area is 1600-16100 yuan/ton.
Magnesium City Future Expectation
In 2019, supply and demand will dominate the market of magnesium ingots. Unless the price of magnesium ingots goes down, the cost-side factor will probably be highlighted again at the low price of magnesium ingots.
Recently, the magnesium ingot Market has been well-traded, pre-sale orders have been signed from time to time, and the demand side has improved compared with the early July. With the continuous release of inventory, the production of factory orders will become more common, and the enthusiasm of downstream purchasing will increase. It is expected that the price of magnesium ingot will stabilize and run strongly in the near future. Later, it will pay attention to the actual market transactions and the maintenance of magnesium plants. Situation.
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