The price of silicon and magnesium raw materials fell, and the price of silicon and magnesium continued to fall

According to the current feedback from Indian buyers, the price of silicon and magnesium in China has ushered in a small reduction, and the price continues to decline, Hainan West Asia Import and Export Group has learned that due to the current decline in the price of raw iron silicon and magnesium ingots, resulting in downstream silicon and magnesium manufacturers for silicon and magnesium prices are still holding a falling mentality. These factors led to the chaos of the silicon magnesium market in March, and the overall price fell sharply. Recently, traders want to sell more quickly to ensure minimum profit losses. However, the downstream foundry market is cold, and there is no interest in raw material procurement. Hainan West Asia Import and Export Group believes that market supply and demand still need to wait for China's Qingming Festival in April to continue to observe.

(Price trend of silicon and magnesium in the Chinese market in March)