Aluminum fluoride prices continued to rise in April

According to the Commodity Market Analysis System of Business Society, as of April 30th, the domestic quotation for aluminum fluoride was 10925 yuan/ton, an increase of 500 yuan/ton or 4.80% compared to the price of aluminum fluoride on April 1st, which was 10425 yuan/ton. The prices of raw materials have risen strongly, with the cost of aluminum fluoride rising in April. In April, aluminum fluoride enterprises started production steadily, and the supply of aluminum fluoride was sufficient. Downstream electrolytic aluminum manufacturers resumed production more, and the demand for aluminum fluoride was good. The price of aluminum fluoride continued to rise in April.

Strong increase in raw material prices

According to the Commodity Market Analysis System of Shengyishe, as of April 30th, the price of fluorite was 3675.00 yuan/ton, an increase of 5.38% from the price of 3487.50 yuan/ton on April 1st. As of April 30th, the price of hydrofluoric acid was 11620.00 yuan/ton, an increase of 4.06% compared to the price of hydrofluoric acid on April 1st, which was 11166.67 yuan/ton. The progress of resuming work and production in the fluorite mine in April is slow, and the supply of fluorite on site continues to be tight. The fluorite market has strong support, and the price trend of fluorite continues to rise. The price trend of downstream refrigerants has increased, the demand for hydrofluoric acid has increased, and the inventory of hydrofluoric acid manufacturers has decreased. In addition, there are still units parked in the market, and the spot supply of hydrofluoric acid is normal. Less than 60% of the production of anhydrous hydrofluoric acid has started, and the market price of hydrofluoric acid has risen due to strong cost support. The prices of fluorite and hydrofluoric acid have risen, and the cost of aluminum fluoride is well supported, increasing the driving force for the rise of aluminum fluoride.

Electrolytic aluminum market tends to be strong and volatile

According to the Commodity Market Analysis System of Business Society, as of April 30th, the average price of aluminum ingots in the East China market in China was 20540 yuan/ton, an increase of 5.06% compared to the aluminum price of 19550 yuan/ton on April 1st. Aluminum prices have almost risen unilaterally in the first half of the month, due to the tight domestic supply side and strong cost support, resulting in an increase in aluminum ingot prices; In the second half of the month, aluminum prices fluctuated widely, with little change in fundamentals. Macro sentiment has dominated recent aluminum price fluctuations, and overall aluminum ingot prices are relatively strong, with good demand for aluminum fluoride.

Market Overview and Forecast

Market forecast: In terms of raw materials, the market for fluorite and hydrofluoric acid is relatively strong, with a positive impact on the cost side; In terms of demand, there has been little change in the fundamentals of electrolytic aluminum, while the demand for aluminum fluoride is still supported. In the future, the cost support for aluminum fluoride is strong, and the aluminum fluoride market has sufficient supply and stable demand. It is expected that the aluminum fluoride market will continue to be strong in the future, and attention will be paid to upstream price changes and downstream follow-up in the future.