Magnesium market review for a week
2023.12.4-12.8th
This week, the domestic magnesium ingot market as a whole maintained a stable operation. By Friday, the mainstream factories in Fugu area had a cash exchange rate of 20,600 yuan including tax, and some factories were negotiable. Other regional markets** also showed no significant changes. 
In the past week, the magnesium ingot market was basically flat compared with the previous week, and the mainstream factories in Fugu, the main producing area, maintained a tax-included spot exchange rate of 20,500-20,600 yuan. Due to the continued weakness of downstream demand, there are not many new orders in the market, and a small amount of rigid demand is mainly used to replenish the warehouse. The supply and demand side continues to stalemate in the game, on the one hand, due to the low transaction activity in the industry, the cautious wait-and-see atmosphere is highlighted;On the other hand, in view of the current weak factory profits, the market price stabilization sentiment is strong this week, and the willingness to low prices is not strong.
On the news side, the recent news that some factories that have stopped production have begun to resume production has continued to ferment, bringing some fluctuations to market sentiment;However, at the same time, some industry players believe that even if there is a factory that has stopped production in the early stage and is determined to resume production, considering factors such as the shortage of workers before the year, the output release will be limited, and the impact on the market pattern may not be too big in the short term.
To sum up, from the current market point of view, the supply and demand sides will still be in the wait-and-see game stage, and the market may be in a dilemma. The factory is under pressure from cost and operation, and the overall market is stable, and the downside is limitedHowever, the demand for procurement has not improved significantly, and the magnesium price has no good support, and it is expected that the magnesium metal market may maintain a steady state in the near future, and the magnesium metal market will consolidate in a narrow range in the range. Continue to pay attention to the follow-up process of resumption of production of some factories and the follow-up of downstream procurement over the weekend.