This week, the price trend of cryolite in Henan region has risen. As of October 23, the average market price in Henan region was 8350 yuan/ton, an increase of 125 yuan/ton compared to the average price of 8225 yuan/ton on October 17, an increase of 1.52%.
This week, the market for cryolite has been operating strongly, with enterprise cryolite prices rising. Although the price of upstream fluorite has been narrowly lowered, it is still relatively high, providing strong support for the cost of cryolite; Downstream purchases of high priced cryolite are mainly based on demand, and the market trading atmosphere is still acceptable; The tight spot market on the supply side and the low inventory pressure on manufacturers have driven up the price of cryolite. As of October 23rd, the ex factory price of cryolite in Shandong region is 8000-8800 yuan/ton; The factory quotation for cryolite in Henan region is 8000-9000 yuan/ton.
The upstream fluorite market is weakly consolidating, with an average market price of 3668.75 yuan/ton as of October 23, a decrease of 0.34% compared to the price of 3681.25 yuan/ton on October 17. The domestic fluorite industry is affected by mining control measures, resulting in a low operating rate and tight supply of market goods, which provides strong support for fluorite prices. Some mining companies have made slight concessions, leading to a decrease in actual transactions.
Market forecast: The upstream operating rate of cryolite is not high, and the raw material support is relatively strong; The downstream electrolytic aluminum industry’s orders are improving, providing strong support for the shipment of cryolite enterprises; At the same time, the spot market is relatively tight, and the fundamentals in the market are optimistic. It is expected that the cryolite market will continue to operate at a high level in the later stage, and attention will be paid to upstream price changes and downstream follow-up in the future.
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