Price trend

According to the Commodity Market Analysis System of the Business Society, the prices of cryolite in Henan have been running smoothly recently. On September 18th, the average market price in Henan was 7850 yuan/ton, which is the same as the average price of 7850 yuan/ton on September 11th, with a year-on-year increase of 2.28%.

quotations analysis

The price trend of cryolite remains stable, and the manufacturer’s quotation is firm. The upstream price of cryolite has increased, the production cost of cryolite has increased, and the market mentality is bullish. However, the downstream is relatively resistant to high priced cryolite, and demand is sluggish. The market trading atmosphere is average, and the market is sluggish. cryolite manufacturers maintain rational inventory, actively ship, and the market mentality is wait-and-see operation. As of September 18th, 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 significantly increased, with an average market price of 3350.00 yuan/ton on September 18, an increase of 4.89% compared to the price of 3193.75 yuan/ton on September 11. Upstream mining is tight, and companies are facing increasingly strict safety and environmental requirements. It is difficult for fluorite flotation companies to start operations, and fluorite spot prices are very tight. As a result, fluorite market prices continue to rise.

The downstream aluminum market fluctuated in a narrow range, with aluminum prices around 19560.00 yuan/ton on September 18, an increase of 0.51% compared to the price of 19460.00 yuan/ton on September 11. At present, the production capacity of electrolytic aluminum is operating at a high level, with good macro benefits and strong supply and demand, resulting in high aluminum ingot prices. However, recently, aluminum ingots have started to accumulate inventory, with aluminum prices mainly fluctuating.

Future Market Forecast

Cryolite enterprises have no inventory pressure, manufacturers are actively shipping, downstream demand is weak, and market follow-up is insufficient. Although raw material prices have increased, the support for cryolite is not as strong as downstream resistance to high priced cryolite. Manufacturers are cautious, and cryolite operates smoothly. Considering the cost impact, it is expected that the cryolite market will slightly increase in the future. Specific attention will be paid to changes in manufacturers’ inventory and downstream acceptance.