Price trend

According to the price monitoring of the business agency, the price trend of cryolite in Henan has increased slightly this week. On August 19, the average market price in Henan was 7675 yuan / ton, an increase of 0.66% compared with the price of 7625 yuan / ton at the end of last week and an increase of 0.33% compared with the beginning of this month.

quotations analysis

This week, the market of cryolite has been sorted up, the price of cryolite has risen steadily, the supply of raw materials is tight, the prices of coal and natural gas in the production and processing of enterprises are high, the production cost of cryolite manufacturers is high, many devices in the field operate at low load, the cryolite inventory is tight, the demand in the downstream is stable, the enterprise’s shipment is acceptable, the attitude of the operators is mainly wait-and-see, and the cryolite market is operating at a high level. During the week, individual manufacturers adjusted their quotations according to their own shipment conditions. As of August 19, the ex factory quotation of cryolite in Shandong was 8000 yuan / ton, and the ex factory quotation of cryolite in Henan was 7200-8700 yuan / ton. The range price was increased by 100 yuan / ton compared with last week.

The upstream soda ash is in weak operation. As of August 19, the average market price was about 2610 yuan / ton. At the beginning of the week, the price was 2660 yuan / ton, with a decrease of 1.88% in the week. The downstream demand is general, mainly based on demand. The trading atmosphere in the field is light, the downstream support is insufficient, the market center of gravity moves downward, and the soda ash market is weak.

The downstream aluminum market fluctuated and the price trend fluctuated downward. On August 19, the aluminum price was about 18433 yuan / ton, with an overall decline of 1.40% in the week. Macro factors dominated the price trend of aluminum price in the early stage. As the price gradually approached the cost side, fundamental factors began to rise. Recently, social inventory began to accumulate gradually, which suppressed the rise of aluminum price to a certain extent. The market performance was strong in supply and weak in demand. In the future, the aluminum market continued to fluctuate.

Future forecast

The domestic cryolite market is operating at a high level, the manufacturers’ inventory is tight, the cryolite quotation is strong, the downstream demand is steadily followed up, the enterprise’s shipment is relatively smooth, which supports the high-level operation of the cryolite market. The suppliers in the market occupy a dominant position, and the attitude of the industry is mainly wait-and-see. It is expected that the future cryolite market will continue to be stable and wait-and-see.