Overview of fused magnesia market in August

In August, the domestic fused magnesia market was generally trending, and corporate quotations were basically not adjusted, but the actual transaction volume still showed a downward trend, mainly due to poor demand.

At the beginning of August, the domestic large crystalline fused magnesia production enterprises had a low operating load, and the overall shutdown rate was over 80%, and there were no signs of recovery by the end of the month. Dicalcium magnesia enterprises started to recover slightly, and the number of ordinary fused magnesia manufacturers, especially small and medium-sized enterprises, has stopped production.

It is worth noting that the overall operating load of the production enterprises is not high, and the inventory has a downward trend. After the magnesia inventory is reduced, the company's shipments are bound to improve. On August 27, the National Audit Office also issued a report stating that with the implementation of a series of policies and measures to promote the prevention and control of the epidemic and economic and social development, the performance of the industrial economy continues to improve, and corporate profits continue to grow rapidly and recoverably. The magnesia market is also slowly recovering. With the gradual recovery of downstream demand, it is believed that the market outlook for magnesia can be expected.

Overview of the domestic industrial alumina market in August

In early August, the domestic alumina market stabilized and stopped falling, and the market price gradually stabilized. In mid-August, as the production of electrolytic aluminum was not as expected, the shipment speed of alumina manufacturers and traders slowed down, and alumina market prices began to fall. In late August, news of Hydro's alumina production reduction was reported, which directly caused the price of overseas alumina to rise, which reduced the amount of alumina sent to China in the later period, which also boosted domestic alumina to a certain extent. Confidence in the rise of market prices, domestic alumina rose slightly.

For refractory companies, the overall change in alumina market prices in August is relatively small, which has little impact on the industry. In mid-August, the domestic alumina market price began to fall. During this period, the prices of aluminum-consuming refractory companies such as white corundum, which followed the rise in alumina in July, began to adjust, by about 100 yuan/ton, and the prices of companies that did not follow the rise have not yet been adjusted. After the domestic alumina price increase at the end of August, refractory companies have not taken any action, but the wait-and-see sentiment in the industry has gradually risen. If alumina increases in the market outlook, refractory companies may follow the rise.

Overview of the domestic brown fused alumina market in August

In August, the domestic brown fused alumina market was difficult to change. The mainstream quotations of brown fused alumina segment market ranged from 4500 yuan/ton to 4700 yuan/ton (ex-factory tax included), and transactions were adjusted flexibly.

In terms of production, the start-up load of enterprises is low. More than 80% of enterprises in Henan have stopped production. Only 4 to 5 enterprises in Guizhou are in production. There are no more than 10 enterprises in production in Shanxi, and only 50% of enterprises in production are in production. Around the operating rate. Nevertheless, the sales of brown fused alumina companies are still not satisfactory.

At present, brown fused alumina production companies are facing many problems: First, the raw material bauxite is in short supply, especially in Henan. There are not a few companies that go to Guizhou to purchase bauxite. However, the long distance can’t help the local thirst. In addition, the freight cost causes the cost of raw materials. Higher. Second, facing the impact of white corundum, there are many alternatives such as 0~1 segment sand and 200 mesh powder. Third, due to the sluggish downstream demand, the shipment of brown fused alumina companies was not smooth.

Some companies also indicated that their exports have improved somewhat, which also brought some hope to the market. On the whole, it is expected that the brown fused alumina market will be mainly adjusted slightly.

Market price confusion of ordinary fused magnesia in Liaoning

In August, the market price of ordinary fused magnesia in Liaoning was chaotic, and the quotations of enterprises were different, and the shipment was more flexible. At this stage, the mainstream quotation of ordinary 98 fused magnesia is 3050 yuan/ton to 3650 yuan/ton; the mainstream quotation of ordinary 97 fused magnesia is 2400 yuan/ton to 3000 yuan/ton; the mainstream quotation of ordinary 96 fused magnesia is 1900 yuan/ton~2300 yuan/ton, all ex-factory prices including tax.

In August, there were still many ordinary fused magnesia manufacturers who stopped production. Although there were many people who stopped production, the supply of magnesia in the market was still surplus, the imbalance of market supply and demand was serious, and the company's shipments were not smooth. In addition, it is currently in the rainy season, and rain will cause the fused magnesia to absorb moisture and change the composition of magnesia. Therefore, most of the fused magnesia enterprises are based on sales and production, and they dare not overstock.

On the whole, the market for fused magnesia is still dominated by bad news, and the market outlook is difficult to improve.