SunSirs: This Week, Cryolite Market Was Stable and on the Sidelines (June 25-30)

Price trend

According to the commodity market analysis system of SunSirs, the price of cryolite in Henan was stable. On June 30, the average market price in Henan was 7,850 RMB/ton, unchanged from the average price of 7,850 RMB/ton on June 25, and an increase of 3.29% over the same period last year.

Analysis review

The cryolite market was running smoothly this week, and the manufacturer's quotation remained unchanged. The upstream supply was tight, the raw material price support was favorable, the dryolite production cost was high, the cryolite inventory was not under pressure for the time being, and the shipping mentality was positive. The downstream was more resistant to the high price, the market purchase followed up as required, the cryolite enterprise quotation was stable, and the market transaction was mainly negotiable. As of June 30, the ex factory quotation of cryolite in Shandong Province was 7,000-8,600 RMB/ton; The ex factory quotation of cryolite in Henan was 7,200-8,900 RMB/ton.

The upstream fluorite market was stable, with an average market price of 3,117.50 RMB/ton as of June 30, which was unchanged from the price of 3,117.50 RMB/ton as of June 25. Fluorite enterprises had slightly increased their production and spot supply, but mining enterprises were facing increasingly strict safety and environmental requirements, limiting the increase in fluorite production rate. Fluorite prices were operating at a high level, and downstream procurement enthusiasm was low. The fluorite market was followed up just in needed, and the fluorite market was stable and wait-and-see.

The downstream aluminum market was fluctuating and declining. On June 30th, the aluminum price was around 18,550.00 RMB/ton, a decrease of 1.43% compared to the price of 18,820.00 RMB/ton on June 25th. The terminal market was approaching the off-season with limited consumption, and downstream entry was mainly based on demand. Recently, the trading atmosphere in the market was weak, and the situation of inventory removal was average. The aluminum price trend was adjusted downward.

Market outlook

Upstream price supported, cryolite enterprises mostly maintained a wait-and-see attitude, the market quotation ran smoothly, the enterprise inventory was free, the downstream purchase followed up as needed, the trading and investment atmosphere in the market was fair, the market supply and demand was relatively balanced, it is expected that cryolite market will continue to operate on a wait-and-see basis in the later period, and the future market will specifically focus on the changes in the manufacturer's inventory.

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