Price trend

According to the Commodity Market Analysis System of SunSirs, the price of cryolite remained stable in April. On April 28th, the average market price in Henan Province was 7,825 RMB/ton, which was the same as the price at the beginning of the month at 7,825 RMB/ton, and increased by 2.29% year-on-year.

Analysis review

In April, the domestic cryolite market was stable and wait-and-see. During the month, the cryolite enterprises' quotations were mainly stable. Some enterprises in Shandong Province made a small reduction in their quotations according to their own shipments. The raw material prices were stable at a high level. The upstream costs supported the cryolite price at a high level. The downstream demand was general. The market was followed up as needed. The cryolite enterprises' shipments were fair, and the market price was stable.

Analysis of upstream and downstream market conditions

On the upstream side, domestic fluorite remained stable and upward in April. Mining enterprises were affected by safety and environmental requirements, resulting in insufficient production of fluorite and tight spot supply. The price of fluorite remained high, while the demand side hydrofluoric acid price slightly increased, which brought some benefits to the fluorite market. The price trend of fluorite slightly increased, with an average price of 3,075.00 RMB/ton as of the end of the month, an increase of 1.23% compared to the price of 3,037.50 RMB/ton at the beginning of the month.

The downstream aluminum market fell first and then rose in April. At the end of the month, the average price of domestic aluminum ingots in the East China market was 18.490.00 RMB/ton, a decrease of 1.00% compared to the average market price of 18.676.67 RMB/ton at the beginning of the month. In April, the social inventory of aluminum ingots significantly decreased, and the export situation was average. Domestic production increased, and under the game of supply and demand, the aluminum market fluctuated.

Market outlook

The cost support of cryolite enterprises was good, the supply of raw materials was tight, and the price of cryolite was operating at a high level. Downstream follow-up was as needed, and the enterprise's shipment was still acceptable. The market supply and demand were stagnant. It is expected that the cryolite market will operate on a wait-and-see basis in the short term.

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