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SunSirs: March 24 Cryolite Market Price Decline

March 25 2020 14:17:57     SunSirs (Molly)

The cryolite commodity index on March 24 was 70.85, a decrease of 0.81 points from yesterday, a 30.00% decrease from the highest point of the cycle at 101.21 points (2011-10-31), and an increase from the lowest point of 66.35 points on September 5, 2016 6.78%. (Note: Period refers to 2011-09-01 to present)

According to data from the SunSirs block list, the average market price of cryolite in Henan region was 5,833.33 yuan/ton on the 24th. At present, the price trend of cryolite market is down. The upstream fluorite price trend has been temporarily stable. The average domestic market price is currently 3,400 yuan / ton. The domestic fluorite plant operating rate has been relatively low recently, and there are fewer re-repairs of mines and flotation devices on the site. The supply of fluorite is still tight. In the downstream aluminum industry, the recent rise in aluminum rod processing fees has stimulated downstream production and partially supported aluminum prices. Domestic electrolytic aluminum production continues to grow, downstream aluminum production declines year-on-year, and electrolytic aluminum stocks continue to accumulate, putting greater pressure on aluminum prices.

SunSirs cryolite product analysts believe that: currently cryolite enterprises are operating normally, with sufficient inventory, and manufacturers' quotes are mainly stable, environmental protection policies still exert their influence, and the cryolite market is organized and operated, paying particular attention to market demand.

Related listed company: Polyfluoride (002407)

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