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SunSirs: Upstream Market Basically Remained Stable and Aluminum Fluoride Prices Remained Stable

March 10 2021 13:37:01     SunSirs (John)

Price trend

The prices of upstream fluorite and hydrofluoric acid remained stable at a high level, which had limited impact on the market price of aluminum fluoride. On the whole, prices of aluminum fluoride companies remained stable. According to the data of SunSirs, the domestic aluminum fluoride price was 9,033 RMB/ton on March 8, which was the same as the price of aluminum fluoride at the beginning of March.

Analysis review

As of the end of the weekend, the average domestic fluorite price was 2,766.67 RMB/ton, only 0.20% higher than the price at the beginning of the month; the price trend of hydrofluoric acid was temporarily stable, and the domestic market price of hydrofluoric acid was 10,611.11 RMB/ton by the end of the week. The price of fluorite rose slightly. Recently, manufacturers have reported that the order of fluorite is normal, and the shipments of the merchants on the market are normal. The supply of fluorite on the market was slightly tight, and the price on the market rose. Domestic fluorite manufacturers were operating steadily, and the operation of the mines and flotation devices in the field remained low. The situation of the goods in the fluorite field was normal, and the market price of fluorite rose slightly. The stable market price trend of hydrofluoric acid had a certain positive support for the upstream fluorite market.

At present, the overall inventory of the aluminum fluoride industry is large and needs to be consumed. In addition, the downstream electrolytic aluminum plants mainly consume the previous inventory, and the current demand for aluminum fluoride bidding and procurement is average. The aluminum fluoride market has stabilized.

Market outlook

The aluminum fluoride industry analyst of SunSirs believes that the weak upstream upward force cannot push up the price of aluminum fluoride; however, the recent upward trend in aluminum prices is obvious, which may drive the demand for aluminum fluoride. The domestic aluminum fluoride market price is expected to be stable with a rise.

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