SunSirs: Boosted by Multiple Gains, Aluminum Fluoride Prices Rose in September

In September, the price of aluminum fluoride fluctuated and increased

According to the Commodity Market Analysis System of the SunSirs, as of September 25th, the domestic quotation for aluminum fluoride was 10,150 RMB/ton, an increase of 7.69% compared to the price of 9,425 RMB/ton on September 1st. The prices of raw materials such as fluorite and hydrofluoric acid had risen, and the prices of cryolite and electrolytic aluminum had risen. The costs transmitted downward, the demand supported rebounded, coupled with aluminum fluoride exports significantly increased, aluminum fluoride prices in September surged.

The prices of raw materials rose

According to the Commodity Market Analysis System of the SunSirs, as of September 25th, the price of fluorite was 3,387.50 RMB/ton, an increase of 6.48% compared to the price of fluorite on September 1st, which was 3,181.25 RMB/ton. As of September 25th, the price of hydrofluoric acid was 10,466.67 RMB/ton, an increase of 4.32% compared to the price of 10,033.33 RMB/ton on September 1st. Since September, the upstream of fluorite, mining, was tight, and outdated mines would continue to be phased out. The supply of fluorite had decreased. Under the gold September and silver October market, demand for fluorite had rebounded, and downstream enterprises had followed up as needed, resulting in a continuous increase in fluorite prices; Some hydrofluoric acid plants were still in shutdown, and there wass little change in the spot supply of hydrofluoric acid. The order situation for hydrofluoric acid from manufacturers slightly increased, coupled with the rising prices of raw materials such as fluorite and sulfuric acid, driving the hydrofluoric acid market higher. The prices of raw materials such as fluorite and hydrofluoric acid had increased, resulting in rising costs. The support for the future price increase of aluminum fluoride had increased.

Downstream market rose

According to the Commodity Market Analysis System of SunSirs, as of September 25th, the price of electrolytic aluminum was 19,756.67 RMB/ton, an increase of 0.75% compared to September 1st, which was 19,610 RMB/ton; The price of electrolytic aluminum increased by 6.24% compared to 18,596.67 RMB/ton on August 1st. Since August, the price of electrolytic aluminum had fluctuated and increased. In August, the production of raw aluminum (electrolytic aluminum) reached 3.602 million tons, a year-on-year increase of 3.1%. In August, the import of unwrought aluminum and aluminum materials reached 278,658 tons, a year-on-year increase of 38.9%. Aluminum production increased, aluminum exports skyrocketed, and downstream market conditions were favorable. The demand for raw material aluminum fluoride increased, and the upward momentum of aluminum fluoride had increased.

Export volume of aluminum fluoride increased

According to data released by the General Administration of Customs, the export volume of aluminum fluoride in August was 12,009 tons, an increase of 256.47% year-on-year; The export volume of aluminum fluoride from January to August was 76,860 tons, an increase of 20.64% year-on-year. The export volume of aluminum fluoride had skyrocketed, and the demand for aluminum fluoride increased, which was beneficial for the domestic aluminum fluoride market.

Market outlook

The fluoride aluminum industry analysts from SunSirs believe that in terms of raw materials, the prices of hydrofluoric acid and fluorite had fluctuated and increased, leading to increased cost support for fluoride aluminum. The downstream production of electrolytic aluminum and the export volume of aluminum materials had increased significantly, leading to an increase in demand for aluminum fluoride; The year-on-year increase in the export volume of aluminum fluoride was positive for the aluminum fluoride market. Overall, multiple positive factors had boosted the market, with strong support for the rise of aluminum fluoride. It is expected that aluminum fluoride prices will fluctuate and rise in the future.

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