Price trend

According to the Commodity Market Analysis System of SunSirs, the price of cryolite was stable and increased in May. As of May 31st, the average market price in Henan Province was 7,850 RMB/ton, an increase of 25 RMB/ton compared to the initial price of 7,825 RMB/ton, an increase of 0.32%.

Analysis review

In May, the domestic cryolite market was wait-and-see and sorted out. During the month, the prices of cryolite enterprises remained stable with slight fluctuations. Some enterprises in Henan region slightly increased their prices based on their own shipment situation. The prices of raw materials continued to be high, and upstream cost support was good. The production of cryolite enterprises was under pressure, and the market quotation was stabilizing. The enthusiasm for downstream market entry on the demand side was average, and purchasing goods was followed up according to demand. The shipment of cryolite enterprises was acceptable, and the market situation was mainly on a wait-and-see basis.

Analysis of upstream and downstream market conditions

On the upstream side, the domestic fluorite market slightly increased in May. The operating rate of mining enterprises was not high, and the spot performance of fluorite was tight, and the price of fluorite remained high. The decline of hydrofluoric acid in the demand side market had a negative impact on the fluorite market, limiting the price increase of fluorite. As of the end of the month, the average price of fluorite was 3,143.75 RMB/ton, an increase of 2.24% compared to the beginning price of 3,075.00 RMB/ton.

The downstream aluminum market fluctuated widely in May, with an average price of 18,290.00 RMB/ton in the East China market for domestic aluminum ingots at the end of the month, a decrease of 1.08% compared to the average price of 18,490.00 RMB/ton at the beginning of the month. In May, there was a significant reduction in electrolytic aluminum inventory. The terminal market consumption was poor, while domestic aluminum production was rising. Under the supply and demand game, the aluminum market was fluctuating.

Market outlook

The equipment of the cryolite enterprise was operating normally, raw materials were tight and cost support was good. The cryolite enterprise was actively shipping, and downstream demand was average, purchasing in the market was mainly based on demand. In terms of demand, there were insufficient advantages. Under the supply and demand game, it is expected that the cryolite market will remain stagnant in the future.

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