Magnesium price range oscillating - March magnesium market review and outlook outlook
In March, the domestic magnesium daily average price fluctuation ranged from 14,800 to 15,300 yuan/ton, and the average monthly price was 15,000 yuan/ton, down 1.35% year-on-year. The average price from January to March was 1.51 yuan/ton, up 3.32% year-on-year.
In March, magnesium prices showed a range of turbulence, the pressure of the overall inventory of manufacturers is not large, the market supply and demand side is relatively stable, price fluctuations are mainly affected by the price trend of ferrosilicon. In March, ferrosilicon prices fell all the way, dropping more than 11%, the lowest since this year.
As of the end of March, the mainstream price of manufacturers in Shanxi Province was 15,500 to 15,100 yuan/ton; in Ningxia, the quotation was basically 14,900 yuan to 15,000 yuan/ton; in Shaanxi, the price was 14,700 yuan to 14,900 yuan/ton.