It is also understood that the downstream continues to purchase on demand in recent days, the transaction in the magnesium market is still relatively flat, and the magnesium market is generally wait-and-see on Monday.
The main reason for dragging down the magnesium market is still poor demand and large inventory. The current market inventory still needs time to digest. The current magnesium market transaction has not increased yet. At present, the magnesium price has fallen back to the low range. As the magnesium price approaches the buyer's psychological price, Downstream purchases are expected to increase, and the magnesium market may stabilize and improve.
According to the analysis, from the perspective of supply and demand, in view of the overall weak current demand and the weak operation of the superimposed raw material market, the operating pressure of the magnesium market still exists when there is not much good news for the time being. Considering that the current magnesium price has dropped to a low level, the rigid demand will also form a certain support for the magnesium market. It is expected that it will be more difficult to lower the magnesium price. This week, the magnesium market may be stable and slightly consolidated.
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