SunSirs: Cost Increase Benefited, and Aluminum Fluoride Price Increased

Recently, the price of aluminum fluoride had increased

According to the Commodity Market Analysis System of SunSirs, as of April 24th, the domestic quotation for aluminum fluoride was 10,875 RMB/ton, an increase of 1.87% from the price of aluminum fluoride on April 17th, which was 10,675 RMB/ton. Recently, aluminum fluoride enterprises had been operating steadily, with sufficient supply of aluminum fluoride. Upstream fluorite prices had risen, and cost support was favorable. As a result, aluminum fluoride prices had increased.

Recently, raw material prices had been strong and rising

According to the Commodity Market Analysis System of SunSirs, as of April 24th, the price of fluorite was 3,643.75 RMB/ton, an increase of 2.64% from the price of fluorite on April 17th, which was 3,550.00 RMB/ton. As of April 24th, the price of hydrofluoric acid was 11,620.00 RMB/ton, an increase of 3.90% from the price of hydrofluoric acid on April 17th, which was 11,183.33 RMB/ton. The progress of resuming work and production in fluorite mines was slow, and the supply of fluorite ore continued to be tight, leading to an increase in fluorite prices. The operation of the hydrofluoric acid plant was normal, and the inventory of hydrofluoric acid manufacturers had decreased, leading to an increase in hydrofluoric acid prices. The prices of raw materials such as fluorite and hydrofluoric acid had risen at high levels, with strong cost support, while the rise in aluminum fluoride had provided significant support.

Market Overview and Forecast

In terms of raw materials, the fluorite market remained strong at a high level, while the price trend of hydrofluoric acid was relatively strong; In terms of demand, the fundamentals of electrolytic aluminum had not changed much, and the support for demand for aluminum fluoride was limited. In the future, the cost support for aluminum fluoride is relatively strong, and the sufficient supply and demand for aluminum fluoride are still acceptable. It is expected that the price of aluminum fluoride will be stronger and wait-and-see. In the future, attention will be paid to upstream price changes and downstream follow-up.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.