Magnesium ingot, Magnesium alloys market still unclear

The future of magnesium market remains unclear. As the eigh-day off is approaching, the market is slowing down with more participants leaving for holidays. Some smelters in Shanxi and Shaanxi have no spot material available, so they raise offers slightly by RMB100-200/t (USD15-29/t). However, most buyers do not react to the price adjustment positively and prefer to wait till the end of the holiday.
Asianmetal(English) http://www.asianmetal.com 31VM
A Shanxi-based consumer, who buys magnesium ingot regularly to produce magnesium alloy, confirmed that he purchased 200t of magnesium ingot at RMB15,600/t (USD2,284/t) ex works from a Shanxi-based producer on Monday. "I always buy magnesium ingot which is of high quality, so concluded prices might be a bit higher," the source explained.
Asianmetal(English) http://www.asianmetal.com 6WY0
The consumer, who produced over 400t of magnesium alloy in September, told Asian Metal that some magnesium ingot smelters have no stock in hand now, which may push up the price to some extent. "I think the price will rise after the National Day holiday, for I fail to purchase magnesium ingot at RMB15,600/t (USD2,284/t) ex works today," the source said on Tuesday, adding that some suppliers claimed that they would not sell magnesium ingot at prices below RMB15,800/t (USD2,313/t) ex works.
Asianmetal(English) http://www.asianmetal.com PHJ8
A Shaanxi-based producer, whose production capacity is 10,000tpy, claimed that they are still fulfilling the contract signed late last week at RMB15,300/t (USD2,240/t) ex works with package but no acid treatment. "I have learnt that the price is RMB15,100-15,200/t (USD2,210-2,225/t) ex works without acid treatment and package this week," the source added.
Asianmetal(English) http://www.asianmetal.com 567S
The source conveyed that it is hard to predict whether the future market will be stable or not because the long holiday is coming, but he believes the price won't be lower than RMB15,000/t (USD2,196/t) ex works.