[Ferro-Alloys.com] At present, China domestic ferrosilicon market price in the situation continued to decline, some enterprises have cut or even stop and other areas has not been significant movement, so the supply pressure is still, coupled with terminal steel market downturn, weak demand, resulting in metal magnesium price ups and downs again, less demand, relative surplus production capacity, increase the output of the factory inventory, customers continue to weigh on prices, plus the end of enterprise funds generally tight, magnesium, not beautiful.

Current domestic cash price is maintained at 12300 yuan / ton, in which Ningxia area acceptance price at 12700 yuan / ton, Shanxi area price at 12400 yuan / ton -12600 yuan / ton, Shaanxi area price at 12200 yuan / ton -12400 yuan / ton, from the beginning of the current domestic metal magnesium prices fell 1300 yuan / ton.

According to China Nonferrous Metals Industry Association statistics show that in 2015 1-9 months of Chinese Communist 598200 tons of raw magnesium, down 5.12%. Affected by the market downturn, Shaanxi, Shanxi, Ningxia is still China's primary magnesium production areas, in addition to the Ningxia area to maintain a trace of growth, the Shanxi region, the decline in production of 1.51% to 13100 tons, Shaanxi region over the years of rapid growth in turn negative growth fell 3.78% to 29300 tons. The industry production output is relatively common, magnesium prices low consolidation and downstream industry market remained in the doldrums is the direct cause of the decline in China's primary magnesium production in main producing areas.

According to the General Administration of customs statistics show that in 2015 1-9 months of total exports of all kinds of magnesium products were 306700 tons, down 5.82%, the cumulative amount of $772000000, down 12.67%, the end of the growth momentum for many years. The magnesium ingot cumulative export 15.91 million tons, 5.27% decrease compared to the same period; magnesium alloy exported a total of 8.41 million tons, increased by 3.64%; total exports of 5.59 million tons of magnesium, representing a decrease of 15.68%. From the point of view of the structure of export products, primary products of magnesium ingot, magnesium alloy, magnesium powder exports are still the main varieties, accounting for about 97.5% of total exports, adjust the export structure, improve added value of export products has heavy responsibilities.

• [Editor:tianyawei]