Magnesium price decline sharply

The original magnesium market this week was affected by the light market demand. The original magnesium market continued to decline and remained stable at the beginning. In Yuan/ton, the original magnesium factory in Ningxia's area is quoted at 24200-24300 yuan/ton, the factory quotation in the Shanxi Wenxi area is 24300-24400 yuan/ton, the price of Taiyuan is 24300-24350 yuan/ton, and the factory in the Inner Mongolia area The quotation is 24200-24300 yuan/ton, and the quotation of Henan Hebi area is 24300-24400 yuan/ton. Compared with last week, the price of each main production area fell by about 300 yuan/ton.

Since July, the raw magnesium market has been in the downturn operation, because the demand for downstream deep processing companies has not changed significantly, and the market volume in the market is very small. Purchasing has not occurred in batches in the past month. As the weather gradually became hot, the market of the raw magnesium was slowly cold, and the inventory pressure of the main production area was getting greater. The person in charge of a magnesium enterprise introduced that they have not signed a contract with a batch contract for more than half a month, but occasionally a small amount of transactions are executed. This week, they originally wanted to stabilize the price, but some surrounding some of the pressure capacity of the surrounding pressure were under pressure, but some surrounding pressures were under pressure. Lower companies shipped at low prices, which had a greater impact on the market, so they also lowered the offer on weekends. The sales staff of another company introduced that they are facing a lot of difficulties, but the most prominent is the shortage of funds. In order to quickly return cash, they are also manufacturers who take the initiative to reduce their initiative.

According to the recent data of the National Bureau of Statistics, the GDP in the second quarter of this year was 29246.4 billion yuan, a year -on -year increase of 0.4%. In the first half of the year, the domestic GDP 56264.2 billion yuan, an increase of 2.5%year -on -year. It is huge. Although the performance of the manufacturing industry is okay, the magnesium industry is still difficult to get rid of the predicament. The operation of the magnesium market has basically continued the decline in the second quarter. Most of the market participants believe that the current downstream demand still cannot support the market. The market next week will still be a state of continuing downturn. The environment facing magnesium companies is becoming more and more difficult, and magnesium prices are likely to further decline. Market participants predict that the market pressure will still be great next week. If demand has not changed significantly, magnesium prices will still fall.