Price trend

According to the price monitoring of the business community, the price trend of cryolite in Henan Province rose slightly this week. On October 21, the average market price in Henan Province was 7875 yuan/ton, 1.29% higher than the price of 7775 yuan/ton on October 15, and 1.94% higher month on month.

quotations analysis

This week, the cryolite market sorted out and went up. The cryolite quotation rose slightly. The raw material end manufacturers started low, the market supply was tight, the cryolite raw materials were tight, and the enterprises were limited to start work. The cryolite devices in the site were operated at low loads. The prices of coal and natural gas were high in terms of fuel. The cost pressure of cryolite manufacturers increased. The manufacturers were firm in mind. The cryolite price was high, and the downstream demand was general. The enterprises shipped according to demand, The industry is mainly wait-and-see. Within the week, the cryolite manufacturers raised their prices according to their own shipment conditions. As of October 21, the factory price of cryolite in Shandong was 8000 yuan/ton, the factory price of cryolite in Henan was 7500-9000 yuan/ton, and the interval price was 100 yuan/ton higher.

The upstream fluorite remained stable at a high level. As of October 21, the market average price was about 2956.25 yuan/ton, which was flat compared with the price on October 15. The supply side mining enterprises were short of production due to safety and environmental protection requirements. The processing costs of fluorite enterprises were under pressure, the inventory was tight, and the fluorite price remained stable at a high level.

In the downstream aluminum market, the market fell first and then rose. On October 21, the aluminum price was about 18676.67 yuan/ton, 0.27% higher than that on October 15. Inventory pressure suppresses the aluminum price market. Only when there is a large gap between supply and demand in the global aluminum market can a sustained rebound trend be formed. At present, supply and demand are relatively stable, and it is expected that the trend will remain volatile in the short term.

Future market forecast

The raw material side continues to be tight, the cryolite commencement is limited, and the price is high and firm, while the downstream is wait-and-see, buying on demand, and the market trading atmosphere is weak. The cryolite enterprises ship on demand. At present, the market supply and demand are deadlocked, and the short-term cryolite market is expected to be high and stable.