A quick look at the magnesium market in midweek
2024.1.31st
In the mid-week market, the transaction was still relatively light, and the market was slightly lowered, and some factories in the main producing areas were adjusted to 20,000 tons of shipments. 
Today has entered the 21st of the lunar month, as the Spring Festival holiday is getting closer, some downstream users have successively ended their order procurement, and the downstream seems to be more and more light. Logistics and transportation have also gradually entered the final stage, and some routes have been difficult to find recently, and the overall freight has also increased. And some areas are expected to have rain and snow in the near future, which will also affect the shipment of goods.
On the whole, this month, the factories in the main producing areas have not eased the operating pressure, most of them have tacitly stabilized the bottom line of 20,000, the market has always been in a state of falling but not breaking, and the overall market continues to be relatively stable and fluctuates slightly. In this weak and stable state, downstream procurement is also carried out in an orderly manner, with an appropriate amount of stocking, so the overall transaction has been in a tepid state.
Considering the proximity of the Spring Festival holiday in the later stage, the pressure on the first end is relatively large, and it is not excluded that some factories will consider the factors of inventory and capital withdrawal, and will ship at a lower level, so it is expected that the follow-up market will be weak.