Halfway through this week, the overall magnesium ingot market continued to be stable, with market prices adjusting within a narrow range. It is reported that starting yesterday afternoon, mainstream factory prices in the market began to gradually tighten.

From the analysis of market supply and demand, the current quotations from supply-side factories are relatively stable. In terms of cost, the production of the coking section of the magnesium plant is now upside down, and the backlog of blue carbon is relatively serious. In addition, the overall cost of each factory has increased after renovating square furnaces compared with round furnaces. The overall operating pressure is relatively high, and the factories have a strong willingness to raise prices. On the demand side, some downstream customers are still waiting on the sidelines because of the low price of orders on hand; some customers are afraid of recent market price fluctuations and choose the opportunity to enter the market to purchase in appropriate quantities. The overall market sentiment is cautious. The supply-demand stalemate continues.