Price trend
According to the commodity market analysis system of the business community, the price of Cryolite in Henan Province was running smoothly. On June 20, the average market price in Henan Province was 7850 yuan/ton, unchanged from the average price of 7850 yuan/ton on June 14, up 3.29% compared with the same period last year.
quotations analysis
This week, the Cryolite market is stable, and the manufacturer’s quotation is stable. Upstream construction continued to be low, raw material support was good, Cryolite production cost was high, many on-site devices operated at low load, enterprises had no pressure on inventory, and actively shipped, but the downstream was more resistant to high prices, mainly purchasing on demand. Cryolite enterprises kept a wait-and-see attitude, operated steadily, and the market negotiation atmosphere was fair. As of June 20, the ex factory quotation of Cryolite in Shandong Province was 7000-8600 yuan/ton; The ex factory quotation of Cryolite in Henan is 7200-8900 yuan/ton.
The upstream fluorite market is stable and on the watch. As of June 20th, the average market price was 3136.25 yuan/ton, which is unchanged from the price of 3136.25 yuan/ton on June 14th. The operating rate of fluorite enterprises is low, and the increase in spot supply is limited. In addition, mining enterprises are facing increasingly strict safety and environmental requirements, which limits the increase in operating rate of fluorite. The price of fluorite is strong and the downstream procurement needs to follow up. The fluorite market is on the sidelines.
The downstream aluminum market fluctuated and rose. On June 20th, the aluminum price was around 18870.00 yuan/ton, an increase of 1.45% compared to the price of 18600.00 yuan/ton on June 14th. Terminal consumption is limited, and downstream market entry follows up on demand. Recently, the market trading atmosphere has improved, and some regions have significantly reduced inventory, leading to an upward trend in aluminum prices.
Future Market Forecast
Cryolite enterprises have no pressure on inventory. Upstream raw materials continue to be favorable, supporting the stable operation of Cryolite prices. Downstream parties follow up as needed. The trading and investment atmosphere in the market is fair, and the market supply and demand are relatively balanced. It is expected that Cryolite market will be mainly wait-and-see in the later period, and the price range will fluctuate. In the future market, specific attention will be paid to the changes of manufacturers’ inventory.
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