[update: 26-April] Chinese silicon metal and Mg Ingot market current situation

Silicon Metal Market:

Although the silicon metal market continued to be weak this week, with some factories in the south planning to resume production actively, the prices are tend to be stop falling. With some limited spot inventories, the factories are reluctant to sell and keep strong willingness to stabilize prices.It is learned that some factories have appeared small loss as the current market price is already lower the production cost. Therefore, under the condition of flexible capital turnover, they will never sell products at a low price. If the stock exceeds the expectation, the factory will stop production and wait for the market to recover.

Mg Ingot Market:

The price of magnesium ingots has been running steadily this week. Currently, the inventory of magnesium Ingots in plant are very limited, most manufacturers forseen that the market price is unlikely to be reduced. Overall, the recent market turnover slightly improved, and the spot inventory is still maintained in low level. The market is expected to remain stable in the  short term.