SunSirs: The Price of Cryolite Continued to Be Stable in the Early of January
January 12 2023 09:39:58 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the price trend of cryolite in Henan Province was stable in the first ten days of January. On January 10, the average market price in Henan Province was 7,950 RMB/ton, which remained unchanged compared with the average price at the beginning of the month, and remained the same month on month.
Analysis review
In the first ten days of January, the market situation of cryolite was dominated by wait-and-see. The quotation of cryolite enterprises was stable, the upstream construction was low due to environmental protection and safety impact, the supply of raw materials was tight, the price of fuel was high, the production of cryolite enterprises was under pressure, the enterprise inventory was tight, the price of cryolite was high, and the downstream purchasing enthusiasm was general, followed up as needed, and the shipment of cryolite enterprises was acceptable. As of January 10, the ex-factory price of cryolite in Shandong was 7,900-8,600 RMB/ton, and the ex-factory price of cryolite in Henan was 7,500-9,300 RMB/ton.
The price trend of fluorite in the upstream declined. As of January 10, the average market price was about 3,175 RMB/ton, a decrease of 3.79% compared with the price of 3,300 RMB/ton at the beginning of the month. The operating rate at the supply side had not changed much. The mining equipment was still under operating load due to safety and environmental protection requirements, fluorite raw materials were tight. Downstream, the market of hydrofluoric acid dropped sharply, the enthusiasm for fluorite procurement weakened, the number of new orders on the market was not much, fluorite was not in good shipment, the spot performance was sufficient, and the market price fell.
In the first ten days of January, the downstream aluminum market fell first and then rose. On January 10, the aluminum price was about 18,016.67 RMB/ton, down 3.64% from 18,696.67 RMB/ton at the beginning of the month. Influenced by seasonal factors, the operating rate of downstream enterprises was not high, the demand follow-up was weak, the aluminum ingots at the supply end had accumulated periodically, and the domestic electrolytic aluminum production had increased year on year, the market performance was oversupply, and the aluminum price was weak and sorted out.
Market outlook
The influence factors of cryolite raw material end continued to exist. The cryolite cost support was strong, the supply side enterprise inventory was tight, the operator was wait-and-see operation, the downstream followed up on demand, the market supply and demand performance was relatively balanced. It is expected that the cryolite market will remain stable in the short term.
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