A new week has started with vigor. Due to the increase in downstream centralized purchases in the past week, the magnesium market has risen rapidly.

On Monday, 99.9% of magnesium ingots in Fugu area reported that the mainstream ex-factory cash price including tax rose to CNY44,000-45,000/ton. It is understood that the price of CNY44,000/ton has been traded in a small amount, which is about CNY4,000/ton higher than last Friday.

The magnesium market has been volatile recently, and trade operations need to be cautious. At present, there are many back-to-back orders.

The analysis believes that from the perspective of supply and demand, after the inventory digestion at the end of last week, it is expected that the quotation will be more firm when the overall pressure on the factory inventory is not large.