On January 15, the average FOB Tianjin Port price for primary magnesium (99.90%) increased by $5 to $2,565 per ton in USD and by €10 to €2,215 per ton in EUR. PriceSeek's analysis of magnesium assigns a long-short score of +1. The article indicates that the spot price of primary magnesium (99.90%) FOB Tianjin Port rose on January 15, with the USD average increasing by $5 to $2,565 per ton and the EUR average rising by €10 to €2,215 per ton. This suggests an increase in market demand or tightening supply, which positively impacts spot prices. Although the increase is relatively small (approximately 0.2%–0.45%), a sustained upward trend may strengthen bullish market sentiment, representing a general positive factor. The score of +1 is based on the direct bullish signal from the price increase, with expectations that short-term spot prices may continue to rise moderately.
Comments
0