Recently, with the increase of the magnesium price, the turnover in the magnesium market has decreased, and the factories have firm quotations supported by the cost, and they are not willing to sell at the price. The magnesium market is generally wait-and-see on Monday. Regarding the direction of the magnesium market this week, the current market is mainly optimistic about the market.

At the same time, I learned from a general manager of a trading company that the transaction volume in the magnesium market was large last week. Recently, as the price of magnesium has risen slightly and the central price of RMB against the US dollar has continued to rise, exporters can postpone the order in the case of serious losses in the early stage. Orders were delivered later, the transaction in the magnesium market decreased, and domestic users mainly purchased on demand. In the case of insufficient transaction follow-up, the person thought that it would be difficult for the magnesium market to continue to rise, and he was optimistic about the magnesium market this week.

According to the analysis, from the perspective of supply and demand, in view of the fact that there are still some downstream stocking support this week, it is expected that the magnesium market will be more firm and positive. Considering that last week there was a lot of concentrated stocking in the downstream, and the magnesium market continued to move upward under the circumstance that the demand was decreasing this week.