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SunSirs: The Cryolite Market Fell Slightly in February

March 02 2022 10:07:53     SunSirs (John)

Price Trend in February

According to the data monitoring of SunSirs, in February, the price trend of cryolite was watched and sorted, and the price trend was slightly lowered. On February 28, the average market price in Henan was 7,250 RMB/ton, a slight decrease of 50 RMB/ton from the price of 7300 RMB/ton at the beginning of the month, a decrease of 0.68% within the month and a year-on-year increase of 13.87%.

In February, the domestic cryolite market remained stable and wait-and-see. After the Spring Festival, the cryolite manufacturers' start-up did not change much compared with the previous year. There was no pressure on the company's inventory, and the demand from the downstream side was acceptable. Due to the high quotation before the holiday, the quotation of some manufacturers was slightly lowered after the year for smooth shipment. On the whole, the market supply and demand were relatively balanced, the shipments of enterprises were stable compared with the previous year, and the market conditions were running smoothly. As of the 28th, the ex-factory price of cryolite in Henan was 6,800-8,500 RMB/ton, down 200 RMB/ton from the previous month; the ex-factory price in Shandong was temporarily stable, and the quotation was around 7,600 RMB/ton, and the actual transaction price was mainly negotiated.

Market analysis of upstream and downstream

On the upstream side, the domestic soda ash market continued to rise. On February 28, the average price of soda ash was 2,616 RMB/ton, an increase of 19.62% from the price of 2,187 RMB/ton at the beginning of the month. After the Spring Festival, the atmosphere of the soda ash market was relatively strong, the company's shipments were smooth, the soda ash inventory had declined, and the manufacturer's price had increased.

Downstream aluminum prices fluctuated upward in February. On February 25, the average price of domestic aluminum ingots in East China was 22,830 RMB/ton, up 5.73% from the average market price of 21,593.33 RMB/ton at the beginning of the month. After the holiday, the market demand was large, the aluminum destocking was obvious, the aluminum price rose rapidly, the downstream demand was adjusted in the later period, the intention to stock up was not large, and the aluminum price rise had weakened. However, due to the support of overseas factors, the aluminum market was still on the strong side.

Market outlook

At present, in terms of cryolite supply and demand, the operating rate of enterprises is not high, the inventory is not under pressure, and the downstream demand is stable. It is expected that the cryolite market will be temporarily stable in the later period.

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