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[Ferro-Alloys.com]In early September, metal magnesium in domestic market was going to decrease, the rising situation in August didn’t happen. Actually market reversal has been expected, the price increased was not because of the demand pushing but production temporary in shortage. As long as the price increased, the capacity would recover for a period of time and market would recover as expected.

 

At present, the domestic mg market was in disorder, price was still high. But the transaction price has reduced, ex-work price of magnesium ingot 99.90% was RMB15,700-15,750/mt(USD2,574/mt-2,582/mt, export duty not included) in Ningxia region, Shaanxi was RMB15,400-15,500/mt(USD2,525/mt-2,541/mt, export duty not included), Shanxi was RMB15,700-15,800/mt(USD2,574/mt-2,590/mt, export duty not included), some companies quoted at RMB16,000/mt(USD2623/mt, export duty not included), but there was no deal. An enterprise in Shanxi said that most of the enterprises have begun signing the bills at low price, but quoted the high price at the same time. The main reason for enterprise was the later market unstable. If this situation last for a period of time, mg mainstream market would decrease.