According to the commodity market analysis system of Shengyishe, the price of cryolite in Henan province fell this week. On February 29th, the average market price in Henan was 7600 yuan/ton, a decrease of 25 yuan/ton compared to the average price of 7625 yuan/ton on February 26th, a decrease of 0.33%.

This week, the ice crystal market has slightly decreased, and enterprise prices have remained stable with little movement. Upstream raw material prices are operating at a low level, providing sufficient support for the cryolite market. Due to difficulties in operating fluorite mines, spot prices continue to be tight, and the overall price is still at a relatively high level in the fluorite industry. There is still pressure on the cost of cryolite, with most cryolite manufacturers maintaining stable prices. Some companies have slightly lowered their prices to promote shipment of cryolite, while downstream buyers follow up on demand. The market trading atmosphere is weak, and the cryolite market is observing and consolidating. As of February 29th, the ex factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The ex factory quotation for cryolite in Henan region is between 7200-8200 yuan/ton, with a price reduction of 100 yuan/ton within the range.

The upstream fluorite market has slightly increased, with an average market price of 3350.00 yuan/ton on February 29th, an increase of 0.19% compared to the price of 3343.75 yuan/ton on February 26th. The game situation in the domestic fluorite industry still exists, and the operating rate of enterprises remains low. In addition, fluorite mining enterprises are facing increasingly strict safety and environmental requirements, making it difficult to operate fluorite mines. Downstream procurement follows up on demand, and actual procurement is limited. The fluorite price market is operating on a wait-and-see basis.

Market forecast: Difficulty in extracting cryolite raw materials, tight supply of fluorite, and continued cost pressure on cryolite. The price of cryolite on the market is mainly strong, and downstream parties have resistance to high prices. There is insufficient enthusiasm for entering the market to purchase, and manufacturers have limited shipments. The mentality of operators is cautious, and it is expected that the short-term cryolite market will consolidate and operate. In the future, attention will be paid to upstream price changes and downstream follow-up.