Ferro Silicon Magnesium Price Trend 2023

Ferro silicon magnesium prices are weak. Downstream foundries wait and see and purchase when needed. Ferrosilicon magnesium trader has no confidence in recent prices. If there are no other positive incentives, buyers and sellers of rare earth alloys are in a stalemate, and prices may fall back in the short term.

Ferro Silicon Magnesium Prices

Raw Materials of Ferro Silicon Magnesium

Ferrosilicon futures fell sharply last week and then rebounded. At the beginning of the week, the market fell to a low, and the low-priced supply of goods on the market was impacted. Downstream prices were suppressed. Factory transactions were difficult, and quotations were loose and falling. In the latter part of the week, black coke, rebar, etc. pulled up strongly. Ferrosilicon prices followed suit, and factories were less willing to ship at low prices. Steel recruitment continued to advance in December, with HBIS pricing at 7,100 yuan/ton, setting the tone for steel recruitment. The market price at the end of the week was 72#6500-6700, and 75#7000-7100 yuan/ton would naturally leave the factory in cash.

rare earth of ferro silicon magnesium manufacturer

Inquiries in the magnesium ingot market are relatively general, downstream purchases are still in urgent need, and demand is not strong. The transaction price is between 20,400 and 20,600 yuan. The overall market has not changed much from last week. As the quotations of most holders are stable, the low-priced supply of 20,400 yuan gradually disappears. Affected by the mutual restraint of traders’ terminal price reduction and firm factory-end costs, after the magnesium price reaches 20,600 yuan, many downstream companies are unwilling to continue to follow up. By mid-week In the later period, the transaction volume of magnesium ingots hovered around 20,500-20,550 yuan.

The Outlook of Rare Earth Ferro Silicon Magnesium Price

Praseodymium and neodymium: Demand continues to be sluggish, market sentiment is pessimistic, and there is no other positive support. The market performance of praseodymium and neodymium is light, with relatively few transactions. Under this circumstance, the weak market trend of praseodymium and neodymium is difficult to change, and the market may continue to be weak and adjust.

Dysprosium and terbium: At present, the group purchasing support is not able to match the pressure caused by the weak demand. The dysprosium and terbium market transactions are deadlocked and pessimism is getting stronger. However, some holders still have confidence in the market. If the subsequent group purchasing activities decrease, the dysprosium and terbium market may be under pressure, prices will be difficult to strengthen, and the market may continue to decline.

Lanthanum and cerium: The market trading atmosphere is still light, and downstream purchasing enthusiasm is not high. They choose to focus on demand. Holders continue to maintain orders from old customers. The overall transaction volume is sluggish and lacks favorable support. It is expected that the lanthanum and cerium market will continue to operate weakly and stably.

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