Price trend
According to the price monitoring of SunSirs, the price trend of cryolite in Henan was stable this week. On November 6, the average market price in Henan was 7,875 RMB/ton, which was the same as that on October 31 at the beginning of the week, with a month on month increase of 1.26%.
Analysis review
This week, the cryolite market was on the sidelines. The cryolite quotation was running smoothly. At the raw material end, the operating rate of manufacturers was still low, and the supply of goods in the market was tight. Cryolite enterprises were under pressure when they started to operate. Most cryolite plants on the site maintained low load operation. On the other hand, the prices of coal and natural gas were on the high side, the cost of cryolite was under great pressure, the market cryolite price was high, and the downstream demand for procurement was weak. The enterprises shipped on demand, and the operators kept a wait-and-see attitude. Within the week, the cryolite manufacturers offered stable prices according to their own shipments. As of November 6, the factory price of cryolite in Shandong was 8,300 RMB/ton, and that in Henan was 7,500-9,000 RMB/ton.
The upstream fluorite continued to rise. As of November 6, the market average price was about 3,187 RMB/ton, up 0.98% compared with the price of 3,156 RMB/ton on October 31. The operating rate of domestic supply side remained low, mining enterprises were subject to safety and environmental protection requirements, the operation of fluorite mines was insufficient, the commencement of fluorite flotation was limited, the spot supply was insufficient, the inventory was tight, and the fluorite price continued to operate at a high level.
The price of aluminum in the downstream market fell first and then rose in the week. On November 6, the price of aluminum was about 18,270.00 RMB/ton, 0.24% lower than the price of 18,313.33 RMB/ton on October 31. The inventory pressure of aluminum society still existd, which suppressed the aluminum price market. The downstream demand was weak, and the market trading atmosphere was general. At present, the supply and demand are deadlocked, and the aluminum market will continue to fluctuate in the short term.
Market outlook
The raw material end started at a low level, the supply of goods was tight, and the cryolite enterprises were limited to start. In addition, the prices of coal and natural gas on the site were high, the production costs of cryolite were increased, and the enterprise's quotation was high and firm. The downstream parties continued to wait and see, purchase and follow up as needed, and the cryolite enterprises shipped as needed. At present, the supply and demand of the market are deadlocked, and the cryolite market is expected to continue to operate at a high level in the short term.
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