SunSirs: Cryolite Prices Rose Slightly on October 9
October 11 2021 13:19:25 SunSirs (John)
Price trend
The cryolite commodity index on October 9 was 81.68, an increase of 1.21 points from previous day, a decrease of 19.30% from the highest point in the cycle of 101.21 points (2011-10-31), and an increase of 23.10% from the lowest point of 66.35 points on September 05, 2016. (Note: Period refers to 2011-09-01 to present)
On October 9th, the price of cryolite in Henan region rose. The average price of cryolite in the market was 6,725 RMB/ton, up 1.51% from the previous working day. The ex-factory prices of cryolite in Henan and Shandong were both at 6,500-7,200 RMB/ton.
Analysis review
The upstream raw materials were tight, the prices of raw materials were rising, and the cryolite market was rising. Domestic companies adjusted their quotations according to their own shipments. As a whole, cryolite was operating at a high level in the market.
The cryolite manufacturers were starting to work normally, the company’s inventory was acceptable, the market supply was tight, the downstream purchased on demand, and the supply and demand performance was stable.
Market outlook
The overall supply of cryolite in the market is stable, raw materials are tight, cryolite prices are high, and downstream demand is rational, and the price fluctuations of cryolite in a short period of time will not be too obvious. The cryolite market is expected to operate stably for the time being, with specific attention to market demand.
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