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SunSirs: The Price of Cryolite Fell First and Then Rose in July
August 02 2022 10:21:38SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the price trend of cryolite in July first fell and then rose. On July 31, the average market price in Henan was 7,650 RMB/ton, an increase of 0.66% from the price of 7,600 RMB/ton at the beginning of the month, and a year-on-year increase of 19.53%.

Analysis review

In July, the domestic cryolite market consolidated. The supply and demand in the market was stalemate. In terms of cryolite supply, due to the shortage of raw materials and the high cost pressure of enterprises, the inventory of manufacturers was tight. The downstream demand was stable, and the company's shipments were relatively smooth. Manufacturers adjusted their quotations slightly according to their own shipments. The overall price trend was mainly high, and the cryolite market was running strongly. As of the 31st, the ex-factory price of cryolite in Henan was 7,200-8,600 RMB/ton, and the range price was lowered by 100 RMB/ton from the previous month; the ex-factory price in Shandong was about 8,000 RMB/ton, and the actual transaction price was mainly negotiated.

On the upstream side, the domestic soda ash market declined as a whole. The average price of soda ash on July 31 was 2,820 RMB/ton, a decrease of 3.42% from the price at the beginning of the month at 2,920 RMB/ton. Soda ash was mainly down in the month. There was resistance in the downstream to high-priced sources, and the enthusiasm for purchasing in the market was general. The trading atmosphere on the market was light, manufacturers were negotiating shipments, the market focus moved down, and the soda ash market was running weakly.

The price trend of the downstream aluminum market in June fell first and then rose. On July 31, the average price of domestic aluminum ingots in the East China market was 18,633.33 RMB/ton, down 2.27% from the average market price of 19,066.67 RMB/ton at the beginning of the month. In the early part of July, social inventory was periodically removed from the warehouse. After the price was lowered, the purchasing atmosphere increased, and the price stopped falling and rose. However, the current downstream demand is off-season, the orders are limited, and the support is insufficient. From the perspective of supply and demand performance, the price of aluminum ingots will mainly fluctuate in the short term.

Market outlook

At present, the cryolite market is mainly based on wait-and-see operation, and the price is high and firm. In terms of raw materials, the supply of raw materials is tight and the support is strong, and the price of cryolite remains high. The downstream demand is stable and the shipment is acceptable. The industry's mentality remains stable and wait-and-see. From the perspective of supply and demand, the cryolite market continues to remain high and stable in the short term, and it is expected that the cryolite price may fluctuate slightly in the later period.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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