Magnesium Market Report September 2016

In September, the supply of magnesium ingot increased slightly.Asian Metal Copyright Fourthly, because of the price up from the upstream ferrosilicon and coal, this lifted the production cost of magnesium ingot.Asian Metal Copyright In addition, consumers from the downstream magnesium powder, magnesium alloy and aluminum industries kept purchasing the material on rigid demand.Asian Metal Copyright In the following three weeks of this month, with the purchasing finalized, the market transactions slowed down accordingly and the prices leveled off gradually.Asian Metal Copyright Meanwhile, as the overseas buyers came back from summer break and began to purchase the material from hand-to-mouth style, so the market transactions increased accordingly.Asian Metal CopyrightIn September, the supply of magnesium ingot increased slightly.Asian Metal Copyright Fourthly, because of the price up from the upstream ferrosilicon and coal, this lifted the production cost of magnesium ingot. Given these situations, the prevailing magnesium ingot moved up by about RMB700/t (USD105/t) in the first week of September. Among which, the prices went up to RMB14,900-15,000/t (USD2,240-2,255/t) ex works in Shaanxi and RMB15,100-15,300/t (USD2,277-2,307/t) ex works in Shanxi.Asian Metal Copyright Fourthly, because of the price up from the upstream ferrosilicon and coal, this lifted the production cost of magnesium ingot.Asian Metal Copyright In the following three weeks of this month, with the purchasing finalized, the market transactions slowed down accordingly and the prices leveled off gradually.
.Asian Metal Copyright Given these situations, the prevailing magnesium ingot moved up by about RMB700t USD105t in the first week of SeptemberAsian Metal Copyright