[ferro-alloys.com] Since the some factories stop operating to examine and repair in summer, the Mg ingot supply temporarily tight and the price also rose quickly. There was no doubt that it could be the whole trend, but it also reflected expectation of producers. At present, the Mg price actually enhanced, while the quotation ranged greatly from one factory to another.

 

The quotation situation was as following. In Shaanxi province, the price was RMB15,400-15,500/mt (USD2,524-2,540/mt, EX-WORK, VAT, no-picking). In Shanxi and Ningxia region, the quotation was RMB15,700-15,800/mt (USD2,573-2,590/mt, EX-WORK,VAT),even some factories had raised by RMB16,000/mt (USD2,622/mt, EX-WORK,VAT). So far the factory basically had no the spot and only operated the order demand, the quotation should be the expectation for the market in future.   

 

With the influence of price up, the Mg ingot export price had raised from RMB 2,550-2,580/mt (USD418-422/mt, EX-WORK,VAT) to RMB 2,650-2,660/mt (USD434-436/mt, EX-WORK,VAT) FOB.