[ferro-alloys.com] the metal Mg price raised sharply by RMB1000/mt in this week. During up time, most enterprises also enhanced the price in different degree, so the quotation situation was various. Until now most enterprises produced as the former order and had no inventory. Some enterprises desired to store goods with the price up，which led to the goods supply tight.

 

So far, the China metal Mg alloy mainstream quotation was raised by 17400-17500/mt (USD2852-2868/mt, EX-WORK,VAT). The Mg ingot export offer was also enhanced at USD 2700-2800/mt FOB. According to the domestic Mg ingot up, the export quotation would set aside raise space so as to prevent risk.

 

The customers would centralize to purchase in recent time, it was estimated that the metal Mg lower price would continued to up. When the customers demand was satisfied after this time, the price might not up if there was no demand again. Some enterprises believed it was appropriate time to sell their products. Once they started to sell, the market also would gradually become stable. Of course, if the price continued to up, the buyer also would keep the wait-and-see attitude. As a result, the price would naturally down. Although the Mg ingot sharply up in China, it had not temporarily made effects on the metal Mg international market.