Cost stopped falling and rebounded, demand increased, and the price of aluminum fluoride rebounded in March

Aluminum fluoride prices rebounded and rose in March

 

According to the Commodity Market Analysis System of Business Society, as of March 27th, the domestic quotation for aluminum fluoride was 10425 yuan/ton, an increase of 4.51% compared to the price of aluminum fluoride on March 10th, which was 9975 yuan/ton; Compared to March 1st, the price of aluminum fluoride increased by 2.71% to 10150 yuan/ton. The prices of raw materials have stopped falling and rebounded, and the cost of aluminum fluoride has stopped falling and risen in March. Aluminum fluoride enterprises have started stable operations in March, and the supply of aluminum fluoride is sufficient. Downstream electrolytic aluminum manufacturers have resumed production more, and the demand for aluminum fluoride is expected to rebound. The price of aluminum fluoride has stopped falling and risen in March.

 

There is an upward trend in raw material costs

 

According to the Commodity Market Analysis System of Shengyishe, as of March 27th, the price of fluorite was 3356.25 yuan/ton, a slight increase of 0.75% compared to the price of 3350 yuan/ton on March 1st. As of March 27th, the price of hydrofluoric acid was 10283.33 yuan/ton, an increase of 2.66% compared to the price of aluminum fluoride on February 29th, which was 10016.67 yuan/ton; Compared to March 1st, the price of aluminum fluoride at 9966.67 yuan/ton increased by 3.18%. In March, the construction of fluorite mines was poor, and the supply of fluorite remained tight. The price support for fluorite still exists, and emerging downstream markets such as new energy have rebounded. With the continuous resumption of work and production of fluorite, the supply of fluorite has increased, and the support for the price increase of fluorite is limited, resulting in a slight increase in fluorite prices. Downstream refrigerant prices have rebounded and risen, leading to an increase in demand for hydrofluoric acid and an increase in hydrofluoric acid prices. The prices of fluorite and hydrofluoric acid have risen, while the cost of aluminum fluoride has increased.

 

More electrolytic aluminum production resumption

 

Recently, the amount of electricity transmitted from outside Yunnan Province has decreased, and the supply of wind, solar, and other electricity within the province has been relatively good. There is an surplus of electricity within the province, and Yunnan Province will release 800000 kilowatts of load electricity in the near future for the resumption of production of electrolytic aluminum enterprises within the province, equivalent to an annual electrolytic aluminum production capacity of about 520000 tons; Guizhou Anshun Aluminum Industry’s production capacity of 130000 tons, which has been suspended due to technological upgrades, may resume production by the end of March; A certain aluminum plant in Sichuan (with a built production capacity of 125000 tons/year) plans to start tank shutdown and technical renovation on March 10th, and is expected to complete the shutdown by the end of the month. Prior to this technical renovation, the company’s operating capacity was about 65000 tons, and it is expected to complete all capacity technical renovations in September. Overall, domestic electrolytic aluminum manufacturers are expected to increase their production. The production of electrolytic aluminum enterprises has increased, and the demand for aluminum fluoride has increased, providing greater support for the rise in aluminum fluoride.

 

Market Overview and Forecast

 

An analyst from Shengyishe Aluminum Fluoride Industry believes that in terms of raw materials, demand has rebounded, prices of fluorite and hydrofluoric acid have risen, and the cost of aluminum fluoride has risen; In terms of demand, electrolytic aluminum manufacturers are resuming production more frequently, and the expected output of electrolytic aluminum enterprises is increasing. The demand for aluminum fluoride is increasing, and the support for the rise of aluminum fluoride is increasing. In the future, as the cost of aluminum fluoride increases and demand increases, it is expected that the price of aluminum fluoride will fluctuate and rise.

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