According to the Commodity Market Analysis System of the Business Society, the price of cryolite in Henan Province has slightly decreased this week. On October 29th, the average market price in Henan Province was 7775 yuan/ton, a decrease of 100 yuan/ton compared to the average price of 7875 yuan/ton on October 21st, a decrease of 1.27%.
This week, the cryolite market has been consolidating and operating, with manufacturers’ quotations stabilizing slightly. The price of upstream products has decreased, the cost support for cryolite has weakened, and the enthusiasm for downstream procurement is average. There is resistance towards high priced cryolite, and manufacturers have low sales. The market trading atmosphere is light, and both costs and downstream are negatively affected. In order to promote shipment, cryolite manufacturers have lowered their quotations. As of October 29th, the factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The ex factory quotation for cryolite in Henan region is between 7200 and 8800 yuan/ton, with a range price reduction of 200 yuan/ton.
The upstream fluorite market is weak and downward, with an average market price of 3762.50 yuan/ton on October 29, a decrease of 0.50% compared to the price of 3781.25 yuan/ton on October 21. The upstream raw ore mining is tight, fluorite supply is tight, the demand side refrigerant market is stabilizing, downstream support is limited, manufacturers’ sales have weakened, and fluorite market prices have slightly decreased.
Future Market Forecast: The equipment of cryolite enterprises is operating normally and maintaining active shipments. Upstream supply is tight, and cryolite prices are firm under cost support. Downstream demand continues to be sluggish, with insufficient positive support. In the game of supply and demand on the market, it is expected that the short-term cryolite market will remain stable and wait-and-see. Specific attention will be paid to changes in manufacturer inventory and downstream acceptance.
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