Since the beginning of last week, for more than a week, due to the continuous shortage of demand, the superimposed raw material support is weak, and the magnesium market is under pressure and continues to decline in the absence of favorable support.

It is understood that the current magnesium price factories generally have no profits or even losses, but the demand is not satisfactory, the contradiction between supply and demand is prominent, and the magnesium market is moving forward in difficulties.

According to the analysis, from the perspective of supply and demand, since the current demand has not changed significantly, the operating pressure of the magnesium market is still relatively obvious under the short-term oversupply pattern. Considering that the current magnesium prices are unprofitable or even loss-making, it is expected that there will be limited room for further reduction. In the short term, the situation may be consolidated weakly, and we will wait and see how the demand will follow up.