SunSirs: The Price of Cryolite in November Remained Stable with a Downward Trend

Price trend

According to the commodity market analysis system of SunSirs, the price trend of cryolite in November slightly decreased. On November 30th, the average market price in Henan Province was 7,725 RMB/ton, a decrease of 50 RMB/ton compared to the beginning of the month's price of 7,775 RMB/ton, a decrease of 0.64%.

Analysis review

In November, the domestic cryolite market remained stable with a downward trend, and the prices of major cryolite enterprises were lowered. In the first half of the year, the prices of upstream products remained firm and stable, with stable support for cryolite and stable operation of cryolite prices; At the end of the month, the prices of upstream products were lowered, and the cost support for cryolites was weakened. In addition, there was resistance from upstream and downstream towards high priced cryolites, and the enthusiasm for purchasing goods was average. Cryolite manufacturers had poor sales, and some manufacturers lowered their prices. The trading atmosphere in the market was light, and the cryolite market was observed and consolidated.

The upstream fluorite market slightly decreased in November, and the game situation in the domestic fluorite industry still existed. The overall operating rate of enterprises remained low, and upstream mining was tight. It was difficult to increase the operating rate of fluorite mines. In addition, some manufacturers in the north were limited in production due to rain and snow weather, and spot supply was tight. However, downstream procurement was poor, and the fluorite market had slightly declined. As of November 30th, the average price of fluorite was 3,650 RMB/ton, a decrease of 1.35% compared to the price of 3,700 RMB/ton at the beginning of the month.

Market outlook

Upstream spot prices were tight, prices continued to be high, and cryolite enterprises faced significant cost pressures. Manufacturers operated at low loads in multiple dimensions, while inventory remained rational. Downstream demand remained sluggish, and cryolite had a strong downward momentum. Manufacturers were cautious and expect to be wait-and-see and consolidated the cryolite market in the future. Specific attention should be paid to changes in cost prices and downstream follow-up.

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