quotation and export of magnesium ingot

2021, March, 10th : The mainstream FOB quotation for magnesium ingot export is 2420-2460USD/T, which is about 20USD/T higher than the same period last week.

2021, March, 11th: The mainstream price of 99.9% magnesium ingot is 15500-15600 RMB/T EXW cash including tax, actual transaction dealing quotation is 15400-15500RMB/T EXW cash including tax, the acceptance price is 15650-15750 RMB/T EXW including tax.

At the beginning of this week, Chinese domestic magnesium prices rose sharply due to the raw material ferrosilicon quotation raised, so the quotation of magnesium were raised. After ferrosilicon price promoted the magnesium ingot price raised, the FOB quotation of magnesium ingot have been raised from exporters, a small number of expected that the quotation will have larger increase.

The next round of US economic stimulus policies triggered early optimism. The US dollar exchanged rate returned to 6.5, the appreciation of foreign currency will bring benefits to exports, but some export companies believe that the trend of the US dollar exchange rate in the later period is temporarily unclear, so the export quotation of magnesium ingots remain high.

The current situation is that the export price of magnesium ingots has risen, but export companies still mainly deliver pre-orders, with fewer new orders dealing, and actual transactions are relatively less.

Now the downstream companies in China remain cautions in purchasing, and are less willing to take orders at high prices. However, the current inventory of magnesium plants is not large, and the ferrosilicon quotation remain strong higher, and magnesium ingot price are unlikely to fall sharply for the time being.

Anyang Huatuo own rich experience in the export for magnesium ingot, know the market well, if any require just consult.