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SunSirs: The cryolite Market Fell Slightly This Week (April 4-8)
April 12 2022 14:47:39SunSirs(John)

Price trend

According to the price monitoring of SunSirs, the price trend of cryolite in Henan has decreased slightly this week. On April 8, the average price of cryolite in Henan was 7,475 RMB/ton, which was 75 RMB/ton lower than the price of 7,550 RMB/ton at last weekend, a decrease of 75 RMB/ton or 0.99%, and a month-on-month increase of 2.40%.

Analysis review

The domestic cryolite market was wait-and-see and sorted. The quotations of the main enterprises in Henan were mainly stable during the week, and the quotations of individual enterprises were slightly lowered according to their shipments. The production cost pressure of manufacturers was relatively high, the inventory of enterprises was low, and the quotations were high. The downstream market mainly purchased on demand, and the shipments of enterprises were acceptable. Most enterprises took a wait-and-see attitude, and the market quotations remained high. As of April 8, 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 7,200-8,500 RMB/ton, and the price was lowered by 300 RMB/ton during the week.

The upstream soda ash market was consolidating. As of April 8, the average price of soda ash in the market was about 2,616 RMB/ton, and the price rose slightly during the week. This week, the price of soda ash was mainly stable, the market was stable with small changes, the downstream followed up on demand, the market trading atmosphere was acceptable, manufacturers were flexible in shipping, and the market transaction price was slightly higher.

On the downstream side, the aluminum market continued to decline this week. On April 7, the aluminum price was 22,036.67 RMB/ton, down 3.09% from the beginning of the month. Affected by the public health incident, logistics and transportation were blocked, enterprises were difficult to ship, the weekly outbound volume eas reduced, the social inventory of aluminum accumulated, and the aluminum market was adjusted downwards.

Market outlook

The operating rate of the domestic cryolite market is low, the inventory of enterprises is low, the downstream demand is stable, and the quotations of enterprises are firm. As the cost pressure still exists, it is expected that the cryolite market will continue to wait and see at a high level, with specific attention to downstream demand.

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