Price trend in April
According to the data monitoring of the bulk list of business society, cryolite was sorted upward in April, and the price trend fell first and then rose. On April 29, the average market price in Henan was 7650 yuan / ton, up 100 yuan / ton from 7550 yuan / ton at the beginning of the month, with an overall increase of 1.32% during the month and 19.53% year-on-year.
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In April, the domestic cryolite market was sorted out on the sidelines. The cryolite raw materials were tight, the manufacturer’s cost pressure was high, the enterprise’s operating rate was reduced, the inventory was reduced, and the manufacturer’s quotation was mainly high. In the later stage, due to the impact of regional prevention and control, the logistics transportation was blocked, and the on-site freight increased. The downstream side needed stability and good. According to their own shipment, the enterprise raised the market quotation slightly. As of the 29th, the ex factory price of cryolite in Henan was 7000-8600 yuan / ton, and the lowest price was increased by 300 yuan / ton month on month; The ex factory quotation in Shandong is about 8000 yuan / ton, with a month on month increase of 400 yuan / ton. The actual transaction price is mainly negotiated.
Upstream and downstream market analysis
Upstream, the domestic soda ash market is relatively strong. On April 29, the average price of soda ash was 2687.5 yuan / ton, an increase of 3.86% compared with the price of 2587.5 yuan / ton at the beginning of the month. During the month, the price of soda ash was stable and small, the market trading atmosphere was mild, the downstream just needed to purchase, the decline of soda ash inventory was not obvious, and the quotation of mainstream manufacturers increased.
The downstream aluminum price fluctuated downward in April. On April 29, the average price of domestic aluminum ingots in East China market was 20826.67 yuan / ton, down 8.41% from the average price of 22740 yuan / ton at the beginning of the month. Affected by the emotional fermentation of public health factors and the expectation of interest rate increase policy in peripheral markets, the price of bulk commodities generally moved downward, the price of aluminum ingots in the spot market followed the decline, and the market demand was weak. However, the inventory of domestic mainstream society continued to accumulate, the aluminum price fell sharply, and the market fluctuated.
Future forecast
At present, the cryolite market is mainly high, the cryolite operating rate is low, the manufacturer’s inventory is not under pressure, the market supply is tight, and the downstream demand is stable. From the performance of supply and demand, it is expected that the cryolite market will continue to be high in the later stage, and the price will be stable temporarily.
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