Price trend
According to the Commodity Market Analysis System of Business Society, the price trend of cryolite in Henan region is stable. On August 7th, the average market price in Henan region was 7825 yuan/ton, a decrease of 25 yuan/ton compared to the average price of 7850 yuan/ton on August 1st, a decrease of 0.32%.
quotations analysis
The price of cryolite has slightly decreased, and the manufacturer’s quotation has remained stable with little movement. The upstream construction of cryolite remains unchanged, and raw material prices have decreased. The pressure on production costs of cryolite has slightly weakened. Manufacturers maintain rational inventory and actively ship. Downstream, they follow up on the purchase of high cryolite as needed. Some manufacturers adjust their prices slightly based on their own shipment situation, and the cryolite market is negotiated for operation. As of August 7th, the factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The factory quotation for cryolite in Henan region is between 7200-8900 yuan/ton.
The upstream fluorite market continues to remain stable, with an average market price of 3056.25 yuan/ton as of August 7th, which is unchanged from the price of 3056.25 yuan/ton as of August 1st. The current situation of the domestic fluorite industry still exists, and the operating rate of enterprises is maintained, with normal spot supply. Mining enterprises are facing safety and environmental requirements, making it difficult to improve the operation of fluorite mines. The shortage of raw materials has limited the operation of fluorite enterprises, and downstream enterprises have serious resistance to high priced raw materials, The price trend of fluorite is mainly weak and stable.
The downstream aluminum market is fluctuating and declining. On August 7th, the aluminum price was around 18506.67 yuan/ton, a decrease of 0.48% compared to the price of 18596.67 yuan/ton on August 1st. In the off-season of downstream consumption, the operating rate is low, the overall demand is limited, the market trading atmosphere is average, and the situation of destocking is not ideal. The aluminum price trend is consolidating and declining, and there is insufficient support for cryolite.
Future Market Forecast
The start of raw material production is maintained, with acceptable upstream support. Cryolite enterprises maintain active shipments, while downstream parties follow up as needed. The overall market trading atmosphere is average, and there is a stalemate between supply and demand on the market. It is expected that the cryolite market will consolidate and operate in the future, and specific attention will be paid to changes in manufacturer inventory in the future.
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