According to the Commodity Market Analysis System of the Business Society, the price of cryolite remained stable and fluctuated slightly in August. As of August 31st, the average market price in Henan Province was 7850 yuan/ton, which was the same as the price at the beginning of the month at 7850 yuan/ton, with a year-on-year increase of 2.28%.

In August, the domestic cryolite market stabilized and operated, with stable quotations from cryolite enterprises being the main focus. Upstream prices have risen within the month, leading to an increase in production costs for cryolite. However, downstream consumers are more resistant to high priced cryolite, and their enthusiasm for purchasing in the market is not high. Although cryolite manufacturers maintain rational inventory, it is difficult to increase their prices. Manufacturers negotiate shipments, and the market mentality is wait-and-see, resulting in stable cryolite prices.

On the upstream side, the domestic fluorite market continued to rise in August, and the gaming situation in the domestic fluorite industry remained low during the month. The operating rate of enterprises remained low, and it was difficult to start raw ore operations. The spot supply of fluorite was tight, and the demand side hydrofluoric acid price rose, supporting the rise of the fluorite market. The price trend of fluorite prices increased, and as of the end of the month, the average price of fluorite was 3168.75 yuan/ton, an increase of 3.68% compared to the price of 3056.25 yuan/ton at the beginning of the month.

The downstream aluminum market fluctuated and rose in August. At the end of the month, the average price of domestic aluminum ingots in the East China market was 19173.33 yuan/ton, an increase of 3.10% compared to the average market price of 18596.67 yuan/ton at the beginning of the month. In August, electrolytic aluminum inventory was relatively low, with tight spot supply and good inventory performance. At the same time, terminal market demand was relatively strong, supporting the upward trend of aluminum prices in the market.

Future Market Forecast: Cryolite enterprises maintain rational inventory, manufacturers actively ship, downstream demand is average, market trading atmosphere is weak, raw material construction continues to be low, and strong price increases are good for cryolite support. At the same time, the downstream aluminum market is also operating strongly, with cost support. It is expected that the cryolite market will continue to rise in the future, with specific attention paid to changes in manufacturers’ inventory and downstream acceptance.