SunSirs: The Cryolite Market Was Stable on October 10th
October 11 2023 10:36:06 SunSirs (John)
Price trend
On October 10th, the market for cryolite remained stable, with factory prices in Henan ranging from 7,200 to 9,000 RMB/ton; The factory price in Shandong was between 7,000-8,600 RMB/ton, and the actual transaction price was mainly negotiated.
Analysis review
Upstream construction was tight, raw material prices were high, and the production cost support for cryolite was good. The manufacturer's quotation was firm, while downstream procurement was weak. There was resistance to high priced goods, and purchasing in the market followed up on demand. The market trading atmosphere was light, and demand support was insufficient. Cryolite enterprises shipped according to demand, resulting in a stalemate between supply and demand on the market.
Market outlook
In the short term, the ice crystal market is mainly on a wait-and-see basis, with specific attention paid to changes in market transactions.
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