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[Ferro-Alloys.com] Ferrosilicon is upstream of magnesium metal, currently, the price continued to fall, manufacturers in the long-term state upside down costs, enterprises reduced production atmosphere, ferrosilicon prices decline driven magnesium metal prices just one reason. Second due to excess production of magnesium metal prices continued to fall, manufacturers also upside down. In October, the domestic magnesium prices fell mainly due to weak, from the current market situation, the demand reduction effect, the last two months of magnesium market trend is more pessimistic. On the one hand, Europe and the United States has a short time, the market demand is also difficult to have improvement; on the other hand, the domestic economic growth slowed down, the downstream industry to reduce the phenomenon of production increases, the demand for magnesium or will have varying degrees of reduction.

At present, domestic prices are as follows: Shaanxi price 12300 yuan / tons -12400 / tons, the price of Shanxi currently maintained in 12400 yuan / ton - 12500 yuan / ton, the price of Ningxia maintain 12500 yuan / tons -12600 / tons, the export price of $1970 / tons - 2020 dollars / ton FOB, but export enterprises now offer no fruit, efforts to lower prices is larger.

• [Editor:tianyawei]