According to the commodity market analysis system of Business Society, the price of cryolite slightly decreased in March. As of March 31st, the average market price in Henan Province was 7550 yuan/ton, a decrease of 50 yuan/ton compared to the price of 7600 yuan/ton at the beginning of the month, a decrease of 0.66%.
In March, the domestic ice crystal market saw a downward trend, with major ice crystal enterprises experiencing significant stability and minor fluctuations. The strong rise in raw material prices in March has increased the cost pressure on the cryolite market. Most companies have operated with firm quotations, while some companies have been affected by demand, resulting in poor factory shipments and a slight decrease in cryolite prices. Downstream investors are resistant to high priced ice crystals, and follow up on demand when entering the market. Market transactions are negotiated for shipment, and the trading atmosphere on the market is weak. Insufficient demand support has suppressed the rise in ice crystal prices.
Upstream fluorite showed a strong upward trend in March, with prices rising. As of March 31st, the average price of fluorite was 3431.25 yuan/ton, an increase of 2.43% compared to the beginning of the month price of 3350.00 yuan/ton. The game situation in the domestic fluorite industry still exists, and upstream mining is tense. Backward mines will continue to be phased out. In addition, recent national departments have issued price inquiries to rectify fluorite mines, and mining enterprises are facing increasingly strict safety and environmental requirements. The difficulty of starting fluorite mines has increased, and the shortage of raw materials has limited the progress of fluorite enterprises in resuming work and production. The price trend of fluorite has increased.
Market forecast: In the near future, the raw materials of cryolite have risen, the cost of cryolite has increased, and the market mentality has had a positive impact. However, downstream resistance to high priced cryolite still exists, with limited entry into the market for purchasing. The market trading atmosphere is light, and under the game of supply and demand, it is expected that the cryolite market will remain stagnant and consolidate in the later stage. In the future, attention will be paid to upstream price changes and downstream follow-up.
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