Price trend

According to the price monitoring of the business community, the price trend of cryolite in Henan was stable this week. On November 6, the average market price in Henan was 7875 yuan/ton, which was the same as that on October 31 at the beginning of the week, with a month on month increase of 1.26%.

quotations analysis

This week, the cryolite market is on the sidelines. The cryolite quotation is running smoothly. The raw material end manufacturers are still at a low level, and the market supply is tight. The cryolite enterprises are under pressure when they start to work. Most cryolite devices on the site are operating at a low load. In addition, the prices of coal and natural gas are high, and the cost of cryolite is under great pressure. The cryolite price on the market is high, and the downstream demand for procurement is weak. The enterprises are shipping on demand, and the industry’s wait-and-see mentality continues. Within the week, the cryolite manufacturers offered stable prices according to their own shipments. As of November 6, the factory price of cryolite in Shandong was 8300 yuan/ton, and that in Henan was 7500-9000 yuan/ton.

The upstream fluorite continued to rise. As of November 6, the market average price was about 3187 yuan/ton, up 0.98% compared with the price of 3156 yuan/ton on October 31. The domestic supply side operating rate remained low. The mining enterprises were subject to safety and environmental protection requirements, and the fluorite mine was under operating, the fluorite flotation was limited, the spot supply was insufficient, the inventory was tight, and the fluorite price continued to operate at a high level.

The price of aluminum in the downstream market fell first and then rose in the week. On November 6, the price of aluminum was about 18,270.00 yuan/ton, 0.24% lower than the price of 18,313.33 yuan/ton on October 31. The inventory pressure of aluminum society still exists, which suppresses the aluminum price market. The downstream demand is weak, and the market trading atmosphere is general. At present, the supply and demand are deadlocked. In the short term, the aluminum market continues to fluctuate.

Future market forecast

The raw material end starts at a low level, the supply of goods is tight, and the cryolite enterprises are limited to start. In addition, the prices of coal and natural gas on the site are high, the production costs of cryolite are increased, and the enterprise’s quotation is high and firm. The downstream parties continue to wait and see, purchase and follow up as needed, and the cryolite enterprises ship as needed. At present, the supply and demand of the site are deadlocked. It is expected that the short-term cryolite market will continue to run at a high level.