Price trend

According to the Commodity Market Analysis System of the Business Society, the price of cryolite in Henan region has been running smoothly this week. On April 18th, the average market price in Henan region was 7825 yuan/ton, which is the same as the average price of 7875 on April 11th, with a month on month decrease of 0.63%.

quotations analysis

The market for cryolite is stable and wait-and-see, with prices of cryolite enterprises on the market mainly stabilizing. The raw material side is subject to environmental and safety requirements, and the stock is tight. Although the prices have slightly decreased in the early stage, cost support is still there. Cryolite enterprises are mainly wait-and-see, and some manufacturers adjust according to their own shipment situation. Downstream follow up as needed, and the enterprise’s shipment is relatively smooth. As of April 18, the price of ice crystals in Shandong is 7300-8600 yuan/ton, while the price of ice crystals in Henan is 7200-8800 yuan/ton.

The price trend of upstream fluorite has remained stable, with a slight increase. As of April 18, the average market price was around 3075 yuan/ton, an increase of 0.23% compared to April 11′s price of 3068 yuan/ton. Mining enterprises are facing safety and environmental requirements, resulting in a serious shortage of fluorite production, tight spot supply, and rapid development of downstream terminal industries. In the long run, demand support is good, and the fluorite market is consolidating and rising.

The downstream aluminum market continues to rise, with aluminum prices around 18880.00 yuan/ton on April 18th, an increase of 2.65% compared to 18393.33 yuan/ton on April 11th. The terminal industry has made good progress, with an increase in downstream demand and an increase in social inventory of electrolytic aluminum, leading to an upward trend in aluminum prices.

Future Market Forecast

The stock of raw materials is tight, and cryolite enterprises are operating at low loads. The inventory of manufacturers is not under pressure. Upstream support for cryolite is good, and the prices of enterprises are running smoothly. Downstream follow up on demand, and the market supply and demand are relatively balanced. It is expected that the short-term cryolite market will operate steadily.