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SunSirs: Cryolite Prices Steadily Rose in July

August 03 2020 15:25:02     SunSirs (John)

Price trend

According to the monitoring of bulk commodity data, A the price of cryolite in July rose steadily. The average market price at the end of the month was about 5,833.33 RMB/ton. Compared with the price at the beginning of the month, 5,666.67 RMB/ton, the monthly increase was 2.94%, and it was 7.89% lower than the same period last year.

Analysis review

The cryolite market was running flat and stable this month, the factory equipment started normally, the inventory was acceptable, the downstream demand was flat and stable, and the manufacturers mostly sold by order, and the market maintained stable operation. At present, cryolite in Henan is raised by 300 RMB/ton, and the ex-factory price is 5,300-6,000 RMB/ton. The price of cryolite in Shandong is temporarily stable, and the ex-factory price is 5,000-6,800 RMB/ton. The actual transaction price is flexible, and the specific transaction price is mainly negotiated.

On the upstream side, the price trend of domestic fluorite market declined slightly. At the end of the month, the average price of domestic fluorite was 2,800 RMB/ton, a slight decrease of 0.4% from the early-month price of 2,811.11 RMB/ton. At present, domestic fluorite manufacturers are operating stably, supply is normal, and downstream demand is weak. They mainly purchase on-demand. The sales of fluorite in the field are average. It is expected that the fluorite market may be weak in the later stage. It is needed to wait and see the market demand. In terms of downstream electrolytic aluminum, the increase in terminal downstream consumption in the second half of the year may lead to a recovery in electrolytic aluminum demand. The new electrolytic aluminum production capacity in Yunnan, Inner Mongolia and other places is also expected to be larger. It is expected that the later or strong operation will bring good news to the cryolite market demand.

Market outlook

The cryolite product analyst of SunSirs believes that the cryolite enterprises are currently under normal operation, and the manufacturers' inventories are acceptable. The downstream demand is gradually picking up. It is expected that the cryolite market will continue to rise in the future.

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