Price trend

According to the Commodity Market Analysis System of Business Society, the price trend of cryolite in Henan region is stable. On August 20th, the average market price in Henan region was 7850 yuan/ton, which is the same as the average price of 7850 yuan/ton on August 14th, with a year-on-year increase of 2.28%.

quotations analysis

This week, the price of cryolite is mainly stable, and the manufacturer’s quotation remains stable. Upstream construction of cryolite remains low, raw material prices have risen, and production cost pressure on cryolite has increased. Manufacturers’ inventory has remained rational, and their quotations have been firm. Downstream follow-up on high priced cryolite is weak, and cryolite manufacturers are actively shipping, while the market is watching and operating. As of August 21st, the factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The factory quotation for cryolite in Henan region is between 7200-8900 yuan/ton.

The upstream fluorite market has risen, with an average market price of 3093.75 yuan/ton as of August 20, an increase of 1.23% compared to the price of 3056.25 yuan/ton as of August 14. The current situation of the domestic fluorite industry still exists, and the operating rate of enterprises remains low. At the same time, due to safety and environmental requirements, it is difficult to improve the operation of fluorite mines. The restrictions on operation have led to a tight inventory of fluorite enterprises, a tight market spot, and an upward trend in fluorite prices.

The downstream aluminum market continued to fluctuate, with aluminum prices around 18533.33 yuan/ton on August 20th, an increase of 0.78% compared to the price of 18390.00 yuan/ton on August 14th. In the off-season of downstream consumption, the operating rate is low, market demand is limited, the atmosphere of on-site trading is average, the situation of inventory removal is not ideal, and the aluminum price market is operating in a consolidation manner, with limited support for cryolite.

Future Market Forecast

Cryolite enterprises have no inventory pressure and maintain active shipments. Downstream parties follow up on demand. The market trading atmosphere is weak, with low starting prices for raw materials and rising prices, which is good for supporting cryolite. It is expected that the cryolite market will continue to rise in the future, and specific attention will be paid to changes in manufacturer inventory in the future.