[Ferro-Alloys.com] October 2015, Chinese magnesium metal production was 74,706.38 tons, an increase of 2.23% Y-O-Y. From Jan to Oct. accumulated magnesium metal production was 672,935.11 tons, down 4.74% Y-O-Y. November 2015 Chinese magnesium ingot production was 58,200 tons, fell 0.2% M-O-M.

Since November, ingot prices had fallen, until the end, ingot prices fell RMB250 / ton. During November, Shaanxi magnesium plant had tried jointly insured, early Shaanxi magnesium plant will offer a unified focus to RMB12,300 y / ton and RMB12,500 in cash factory / ton acceptance factory price. But poor market demand and the industry outlook is looked down upon; in addition, magnesium plant operating rates were generally higher joint insured lack anchor ends in failure; third, vendors will ship money is tight and strong. During Although most large magnesium plant in Shaanxi adhere to the insured, but some small factories which looked down upon because of cash flow difficulties outlook soon break price-fixing cartel, the market shipments.

It is understood that last week's price decline slowed magnesium Shaanxi Province, and an increase in factory shipments, inventory and financial pressure has been released. This week the market will be relatively stable number, lower and lower little space. Shanxi region due to magnesium production itself was small and mostly dominated magnesium ingot 99.95%, the market is relatively stable, and because of the production costs, higher product specifications, the price is slightly higher.

It is reported that the downstream demand is still weak, and the historical enterprise funds generally tight, magnesium market situation was still difficult, but the price decline will be limited. 21, a Buyer, said: "The market is really tough market, but now the price has basically dropped magnesium peak at the end, I think it will also be much lower and lower amplitude." The source also said that last week a number of foreign customers before Christmas the implementation of some orders, but the export market is mostly without a ticket outlet.

Shanxi also a historical market Magnesium people cautious optimism, "Buy now people are not too much, we do not do inventory, and historical enterprise funds are tight, I'm cautiously optimistic about the market years ago." However, given the current market supply and demand still prominent, and return the funds to the inventory pressure will remain a drag on magnesium city to run the main vulnerable.

• [Editor:tianyawei]