[Ferro-Alloys.com]China and foreign demand weakened, given the current coal, steel, coke, nonferrous metals and other commodity markets slump, coupled with the end of the enterprise advocating "cash is king", for the vast majority of practitioners Magnesium was destined extremely difficult.

Fugu area sales manager at a magnesium plant is understood that due to weak demand, destocking and pressure drag magnesium prices are now back again to refresh the end, the local Cape magnesium factory-tax cash price to RMB 11800-11900 / MT, and still factory In active to price, "the overall good demand, factory sales are sluggish, inventory pressures, to win orders only lower offer," given the current market supply and demand still prominent, the person to predict the market outlook is still optimistic . It is understood that the recent 99.95% quality magnesium ingots and shaped ingot market situation is also poor.

Shaanxi Province by the end of November at the manufacturers offer a basic range of RMB 12,200/MT ~ RMB 12,300 / MT, the price range in Shanxi Province in RMB12,400 /MT~ RMB 12,500/ MT, Ningxia region at RMB 12,300/MT ~ RMB 12,400 /MT. The recent domestic manufacturers have to offer lower, down RMB 200 /MT,

Affected by the overall economic downturn and ferrosilicon prices and other factors dragged down in obvious contradiction between supply and demand situation is expected to remain tough magnesium market operators, prices continue to fall risk still exists, but taking into account the formation of rigid requirements will also market some support, magnesium price decline will also be more moderate.

• [Editor:tianyawei]