price trend :
According to the price monitoring of SunSirs, the price trend of cryolite in Henan continued to rise this week. On March 18, the average market price in Henan was 7475RMB/ton, up 2.40% from 7300RMB/ton at the end of last week and 3.10% month on month.
quotations analysis:
Domestic cryolite market wait-and-see consolidation, during the week, the quotation of main enterprises in Henan Province was basically stable, and the quotation of individual manufacturers was increased, mainly due to cost pressure and tight supply of raw materials. In addition, due to environmental protection factors, enterprises mainly use natural gas. Under the influence of the current international situation, the price of natural gas is high, the cost of cryolite enterprises increases, and the downstream demand is weak and stable. Most enterprises hold a wait-and-see attitude, and the market quotation remains high. As of March 18, the ex factory quotation of cryolite in Shandong is 7000-7600RMB/ton, and the ex factory quotation of cryolite in Henan is 6700-8500RMB/ton.
The price of upstream soda ash was stable and small this week. As of March 18, the average market price was about 2612.50RMB/ton, and the price decreased slightly during the week. This week, the soda ash was consolidated and operated, the downstream purchase was cautious, and held a mentality of resistance to high prices. The market transaction was weak, the manufacturer delivered flexibly, and the soda ash inventory increased.
Downstream, the aluminum market fell first and then rose. On March 18, the aluminum price was 22515RMB/ton, down 2.85% during the week. The rise of overseas energy prices raised the cost of electrolytic aluminum, adding that the aluminum destocking was obvious this week, the aluminum price rose during the week, and the aluminum market was sorted upward.
Future forecast:
The operating rate of the domestic cryolite market is low, the enterprise inventory is not under pressure, the downstream demand is stable, and the upstream raw material support is superimposed. The cryolite market continues to operate at a high level, with specific attention to the downstream demand.
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