Price trend

According to the price monitoring of SunSirs, the price of cryolite in Henan increased slightly this week. On March 11, the average market price in Henan was 7,300.00 RMB/ton, an increase of 0.69% compared with the price at the end of last week, and the price was unchanged from the previous month.

Analysis review

The domestic cryolite market was running on a wait-and-see basis. The quotations of the main enterprises in Henan were basically stable during the week, and individual manufacturers increased their prices slightly due to the shortage of raw materials. Affected by environmental protection factors, enterprises stopped using coal and switched to natural gas. Under the influence of the current international situation, the price of natural gas is on the high side, the cost of cryolite enterprises has increased. Downstream demand is mainly light and stable, most companies take a wait-and-see attitude, and market quotations remain high. As of March 11, the ex-factory price of cryolite in Shandong was 7,000-7,600 RMB/ton, and the ex-factory price of cryolite in Henan was 6,700-8,500 RMB/ton.

The price of upstream soda ash was stable with small changes this week. As of March 11, the average market price was about 2,625 RMB/ton, and the price remained stable during the week. This week, soda ash was running on a wait-and-see basis, manufacturers were flexible in shipping, and the inventory of soda ash had increased. The market trading atmosphere was sluggish, and the downstream was resistant to high prices.

On the downstream side, the aluminum market has retraced from a high level. On March 11, the aluminum price was 21,890 RMB/ton, a drop of 6.85% in the week. The rise in overseas energy prices has raised the cost of electrolytic aluminum, while the domestic acceptance of high aluminum prices is not high. The willingness to receive and store goods in the downstream has decreased, the domestic mainstream social inventory has accumulated, the aluminum price has been passively lowered, and the aluminum price market has been adjusted downward.

Market outlook

The domestic cryolite price is mainly high, the cryolite market operating rate is low, the company's inventory is not under pressure, the market quotation is stable with small changes. Supported by upstream raw materials, it is expected that the cryolite market will continue to operate at a high level temporarily, and pay attention to downstream demand.

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