Price trend
According to the price monitoring of SunSirs, the price trend of cryolite in Henan Province rose slightly this week. On October 21, the average market price in Henan Province was 7,875 RMB/ton, 1.29% higher than the price of 7,775 RMB/ton on October 15, and 1.94% higher month on month.
Analysis review
This week, the cryolite market sorted out and went up. The cryolite quotation rose slightly. At the raw material end, the manufacturer's operating rate was low, the market supply was tight, the cryolite raw materials were tight, the enterprise's operating was limited, and the cryolite devices on the site operated at low load. In terms of fuel, the prices of coal and natural gas were on the high side, and the cost pressure of cryolite manufacturers was increasing. The manufacturer had a firm mentality, the cryolite price was mainly at a high level, and the downstream demand was average. The enterprise shipped on demand, and the operator was mainly wait-and-see. Within the week, the cryolite manufacturers raised their prices according to their own shipment conditions. As of October 21, the ex factory quotation of cryolite in Shandong was 8,000 RMB/ton, while that in Henan was 7,500-9,000 RMB/ton, and the interval price was increased by 100 RMB/ton.
The upstream fluorite remained stable at a high level. As of October 21, the market average price was about 2,956.25 RMB/ton, which was flat compared with the price on October 15. Due to safety and environmental protection requirements, the supply side mining enterprises had not started enough, the processing cost of fluorite enterprises was under pressure, the inventory was tight, and the fluorite price was stable and firm at a high level.
In the downstream aluminum market, the market fell first and then rose. On October 21, the aluminum price was about 18,676.67 RMB/ton, 0.27% higher than that on October 15. Inventory pressure suppressed the aluminum price market. Only when there is a large gap between supply and demand in the global aluminum market can a sustained rebound trend be formed. At present, supply and demand are relatively stable, and the trend is expected to remain volatile in the short term.
Market outlook
The raw material side continued to be tight, the cryolite commencement was limited, and the price was high and firm, while the downstream was wait-and-see, purchased on demand, and the market trading atmosphere was weak. The cryolite enterprises shipped on demand. At present, the market supply and demand are deadlocked, and the cryolite market is expected to remain stable at a high level in the short term.
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