Two weeks after the holiday, the downstream demand in the magnesium market has always been difficult to improve, and the market has been under pressure since the end of last week.

Recently, the magnesium market has been unsatisfactory, and all parties have highlighted negative positions. The continuous weak operation of cost-side coal and ferrosilicon has added to the already light market. Poor demand is the dominant factor affecting market prices. End users at home and abroad The bearish sentiment is obvious, the purchasing enthusiasm is not high, and the downstream demand has been flat for half a month. Facing the sluggish market, middlemen are more cautious in purchasing. Due to the different inventory and other conditions of each factory, the quotations are also slightly different. Some still want to wait and see the market, and some take the initiative to make price concessions to facilitate transactions.

To sum up, in the short term, the domestic magnesium market is affected by the sluggish demand, and the market price may continue to be under pressure and weaken. With the recent loosening and downward price, it is expected that some orders will enter the market to purchase at the right time.