Magnesium Market Report October 2011
2011-11-11 14:49:10 【Print】
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The price of magnesium ingot in October declined dramatically
. Because the demand from downstream buyer continually weak, and thin activities occurred in the magnesium ingot market . The market mainly supported by small volume from some traders and some downstream buyers . Considering this situation, magnesium ingot producers undersell the material to relieve the financial pressures caused by poor sale in the previous time, which caused the magnesium ingot price moving down continually . In fact, this strategy really draw more attentions from traders, and they purchased some magnesium ingot in a proper time . However, the declining magnesium ingot price really makes them in a panic mood, and they are cautious to enter the market with big fluctuations of magnesium ingot price . The watching attitude is very popular among buyers, and buyers expect a lower price occurred in the market . Almost all of the buyers hope that they could purchase the material when the price touched the bottom line . As for magnesium ingot producers, the only thing they could do is to low the magnesium ingot price to draw attentions from buyers to relieve the stock pressure and financial pressures . In this period, producers move down the magnesium ingot price, while buyers expect the price goes down further . Some magnesium ingot producers claim that the current price is almost arrived at their cost, and they plan to reduce the output to promise the magnesium ingot price .