This week is the last week of intensive stocking before the Spring Festival downstream.
The magnesium market rebounded moderately in the first half of the period, and then stabilized the market.
This week, the downstream stocks are stocked on demand, and some market participants are also optimistic about the appropriate amount of inventory in the magnesium market after the next year. The overall transaction in the magnesium market is acceptable, and the factories offer firm quotations under the condition of low inventory and capital pressure, and they are not willing to sell at lower prices. Regarding the trend of the magnesium market next week, most market participants believe that the volatility will be small and the new year will be more stable.
According to the analysis, from the demand side, as the Spring Festival of the Year of the Rabbit is getting closer and the taste of the year is getting stronger, people in the industry will start the vacation mode one after another, and the downstream demand will be less. From the supplier's point of view, after the recent concentrated shipments, the current factory inventory and capital pressure are not large, and the quotations are firm. It is expected that the magnesium market will not change much next week, and it will be more stable to welcome the new year.
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