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SunSirs: The Production and Sales of Cryolite Were Stable, and the Market Was Temporarily Stable

July 28 2021 14:22:55     SunSirs (John)

Price trend

According to data from SunSirs’s bulk list, the price of cryolite in Henan was stable this week. The average market price in Henan on July 25 was 6,325 RMB/ton, which was the same as the price on July 19 at the beginning of the week, and was down 0.39% from the beginning of the month.

Analysis review

The cryolite market was operating steadily this week. It was learned from the manufacturer that the cryolite device was operating normally and the start of construction was stable. The company's quotation was stable during the week. As of the 25th, the ex-factory price of cryolite in Shandong was 6,000-6,500 RMB/ton, and the ex-factory price of cryolite in Henan was 6,000-6,500 RMB/ton. The price of cryolite in the region remained stable compared with last week. The cryolite market was tight, and individual companies had already sold out their inventory. In addition, companies reported that companies had low production capacity and tight raw materials. There was no possibility of price reductions in cryolite in the short term. The specific trend was to wait and see the upstream and downstream conditions.

In terms of electrolytic aluminum, the price trend fluctuated this week, with an overall decline of 0.12% during the week. The domestic aluminum social inventory is relatively low. The vigorous development of photovoltaics, new energy vehicles and other industries has promoted the growth of aluminum demand. Exports have increased, overseas demand has risen, and demand-side consumption has been strong. In addition, the second batch of national reserves of aluminum was released in late July, and the tight aluminum supply was effectively eased. In the later period, the trend of the aluminum market tended to be consolidation and operation.

Market outlook

At present, the domestic cryolite manufacturers are starting to work normally, the production and sales of the enterprises are stable, the quotation is stable, and downstream is in consolidation operation, which has little impact on the cryolite. Most cryolite manufacturers have a wait-and-see attitude. It is expected that the cryolite market will run stably in the later period, and specific attention need to be paid to downstream demand.

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