Price trend

According to the commodity market analysis system of the business community, the price of Cryolite in Henan is stable. On July 28, the average market price in Henan was 7850 yuan/ton, unchanged from the average price of 7850 yuan/ton on July 25, up 2.61% compared with the same period last year.

quotations analysis

The price of Cryolite is stable this week, and the manufacturer’s quotation is firm. The upstream of Cryolite starts at a low price, the price is high, and the raw material support continues. The production cost of Cryolite enterprises is high, the manufacturer’s inventory is rational, and the active shipment is dominant. The downstream side is more resistant to the high price, and the market purchase follows up as required, and the Cryolite market is negotiated and operated. As of July 28, 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 operating smoothly, with an average market price of 3056.25 yuan/ton as of July 28, which is unchanged from the price of 3056.25 yuan/ton as of July 22. The operating rate of fluorite enterprises remains stable, and the spot supply is normal. Mining enterprises are facing safety and environmental requirements, making it difficult to improve the operation of fluorite mines. In addition, downstream procurement needs to follow up, and fluorite prices remain stable.

The downstream aluminum market is fluctuating and rising. On July 28th, the aluminum price was around 18343.33 yuan/ton, an increase of 0.15% compared to the price of 18316.67 yuan/ton on July 22nd. Downstream consumption continues the off-season, with low operating rates and limited overall demand. Recently, the market trading atmosphere has been weak, and the situation of inventory removal has been average. The aluminum price trend has been consolidated and running.

Future Market Forecast

Raw material starts are low, upstream support continues, Cryolite enterprises have no pressure on inventory, maintain active shipment, downstream parties follow up as needed, the market trading atmosphere is fair, market supply and demand are relatively balanced, it is expected that Cryolite market will wait and see later, and the future market will specifically focus on the changes in manufacturers’ inventory.