According to the commodity market analysis system of Business Society, the price trend of cryolite in Henan region remained stable this week (5.20-5.24). As of May 24th, the average market price in Henan region was 7550 yuan/ton, which is unchanged compared to the average price of 7550 yuan/ton on May 20th. The price remained unchanged during the week.

This week, the ice crystal market continued to remain stable, and enterprise ice crystal quotations remained unchanged. Upstream fluorite prices continue to operate strongly, with strong raw material prices, putting greater pressure on the cost of cryolite. However, downstream manufacturers have a strong resistance to high priced cryolite, and their enthusiasm for entering the market is average. They mainly rely on demand, resulting in weak market trading. The downstream market dominates, and there is a clear game on the market. Therefore, despite the strong raw material prices, most cryolite manufacturers still offer stable prices. As of May 24th, the ex factory quotation for cryolite in Shandong region is 7000-8500 yuan/ton; The factory quotation for cryolite in Henan region is between 7200-8000 yuan/ton.

The upstream fluorite market remains stable and watchful, with an average market price of 3806.25 yuan/ton as of May 24th, which is unchanged from the price of 3806.25 yuan/ton as of May 20th. Backward mines will continue to be phased out, and in terms of new mines, mineral investigation work is still difficult. In addition, recent national departments have issued price inquiries to rectify fluorite mines, and some mines have undergone safety hazard inspections. The progress of resuming work and production in the fluorite market is slow, and it is difficult to increase the production of fluorite. The supply of goods on site is tight, and fluorite prices are operating steadily.

Market forecast: The upstream of cryolite is operating at a high level, and there is significant cost pressure on cryolite. The market mentality is having a positive impact, and downstream demand is flat, and there is resistance to cryolite prices. Enterprise shipments are limited, but in the face of continuous upstream price increases, cryolite enterprises may face pressure to increase. It is expected that the cryolite market will continue to consolidate in the future, and prices may slightly increase. In the future, attention will be paid to upstream price changes and downstream follow-up.