SunSirs: Good News Boosted, Qquotations of Magnesium Plants are Intentionally Increased (11.8-11.12)

　　Last week, the magnesium market showed a stable medium to strong pattern. The magnesium ingot market was mainly stable in the early period of the week, and the market sentiment was relatively stable. The cost side support was insufficient and the upward momentum was lacking; the market transaction situation in the latter part of the week improved slightly, and downstream inquiries increased. , Traders are also more active in shipments.

　　As of November 12, the specific price ranges of each region are as follows: Fugu area ex-factory tax-included cash exchange 32700-32800 yuan/ton; Ningxia area ex-factory tax-included cash exchange 32700-32800 yuan/ton; Taiyuan area ex-factory tax-included cash exchange 32800-32900 yuan /ton; Wenxi area ex-factory tax-included cash exchange is 32900-33000 yuan/ton.

　　Market analysis last week

　　Raw material end: The average price of thermal coal market was around RMB 1086.25/ton, the price dropped by 0.57%, the production capacity was released, and the tight supply situation was eased; the average price of ferrosilicon market was around RMB 9,200/ton, a landmark steel bid in November Affected by the decline in the futures market, the market is dominated by weaker movements.

　　Supply side: At present, there are not many magnesium plants in stock, and the purchase volume of downstream manufacturers is increasing. Magnesium traders also increase magnesium prices. In addition, the Yulin area is supported by local purchasing and storage policies, and the relationship between supply and demand is strong, which provides strong support for magnesium prices.Policy side: Yulin, Shaanxi, has introduced new regulations for dual energy consumption control, and implemented measures to limit and suspend production in some key high-energy-consuming industries, which may have a certain impact on the release of magnesium production capacity in the later period.Outlook forecast

　　On the whole, although the prices of ferrosilicon and coal continue to fall, which has a negative impact on the magnesium market, the downstream transactions dominated by just-need purchases have performed well. On the one hand, magnesium plants on the supply side do not have many spot resources, and on the other hand, there are news about purchasing and storage in Yulin area. Boosted by a series of good news, magnesium ingot prices are expected to turn from weak to strong in the short term, but the overall increase is limited.