Magnesium Metal Price Increased Again (October 24th-October 28th)

  • Monday, October 31, 2016
  • Source:ferro-alloys.com

  • Keywords:magnesium magnesium metal
[Fellow][Ferro-Alloys.com] Recently, the Fugu bombings made the safety of coal mine attention to a new high, Fugu into the whole line of hidden trouble rectification process. At present, some coal mines have been spontaneous shutdown maintenance, eliminate security ri...

[Ferro-Alloys.com] Recently, the Fugu bombings made the safety of coal mine attention to a new high, Fugu into the whole line of hidden trouble rectification process. At present, some coal mines have been spontaneous shutdown maintenance, eliminate security risks. Yulin, Shenmu, Fugu the source of coal on the tension, a lot of coal mines are set to produce, the site is almost zero inventory. Affected by this, Yulin, Shenmu territory of the coal is bound to increase tension, coupled with some downstream customers worried about the late emergence of coal purchase difficulties, coal will increase the enthusiasm will boost the coal prices.

For the magnesium plant is now suffering from upstream and downstream pressure, coal prices, ferrosilicon prices, as of Friday, the main producing areas of 75 ferrosilicon prices remain at 5700-5900 yuan / ton. There are industry reports raw coal will continue to rise, according to tons of coal rose 30 yuan estimate, tons of magnesium coal consumption of 18 tons, in the blue carbon and ferrosilicon rose impact, tons of magnesium costs will rise 540 yuan / ton. Therefore, October 26, Fugu region will be referred to the cash price of magnesium factory 16,500 - 16,600 yuan / ton.

So the price change makes the performance of some manufacturers to stop the offer, Wenxi region offer 16600 yuan / ton -16700 yuan / ton, due to price adjustment is just beginning market feedback transaction is not ideal for magnesium prices to several industry insiders said bullish, Raw material prices become the main reason.

  • [Editor:tianyawei]

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