[Ferro-Alloys.com] This week, magnesium metal market in both domestic and export markets faced difficult situation and hard to deal. Market supply and demand resulting magnesium metal price kept down, manufacturer inventory pressure, in order to return funds and also had to cut price to sell. And in the recent days, European and American ferrosilicon price decreased, and also affected by foreign demand down, foreign businessmen faced with the summer break, the domestic equipment maintenance, resulting to the export market orders few.

Currently, Ningxia, Inner Mongolia magnesium ingot price is RMB13,100 / mt -RMB13 200 / mt, magnesium ingot export price $ 2,100 / mt -$2150 / mt. Shenfu and Fugu district magnesium ingot price is RMB12,900 / ton -RMB13 000 / ton factory tax price.

Magnesium metal faced domestic oversupply situation and while aluminum, steel mills, foundries affected by the domestic steel market weakness, the impact of ferroalloy overcapacity and the price may still exist down at the same time.

• [Editor:tianyawei]