SunSirs: The Price of Cryolite Was Adjusted Slightly
August 09 2023 14:14:46 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price trend of cryolite in Henan region was stable. On August 7th, the average market price in Henan region was 7,825 RMB/ton, a decrease of 25 RMB/ton compared to the average price of 7,850 RMB/ton on August 1st, a decrease of 0.32%.
Analysis review
The price of cryolite had slightly decreased, and the manufacturer's quotation remained stable with little changes. The upstream construction of cryolite remains unchanged, and raw material prices had decreased. The pressure on production costs of cryolite had slightly weakened. Manufacturers maintained rational inventory and actively shipped. Downstream, they followed up on the purchase of high cryolite as needed. Some manufacturers adjusted their prices slightly based on their own shipment situation, and the cryolite market was negotiated for operation. As of August 7th, the factory quotation for cryolite in Shandong region was 7,000-8,600 RMB/ton; The factory quotation for cryolite in Henan region was between 7,200-8,900 RMB/ton.
The upstream fluorite market continued to remain stable, with an average market price of 3,056.25 RMB/ton as of August 7th, which was unchanged from the price of 3,056.25 RMB/ton as of August 1st. The current situation of the domestic fluorite industry still existed, and the operating rate of enterprises was maintained, with normal spot supply. Mining enterprises were facing safety and environmental requirements, making it difficult to improve the operation of fluorite mines. The shortage of raw materials had limited the operation of fluorite enterprises, and downstream enterprises had serious resistance to high priced raw materials, The price trend of fluorite was mainly weak and stable.
The downstream aluminum market was fluctuating and declining. On August 7th, the aluminum price was around 18,506.67 RMB/ton, a decrease of 0.48% compared to the price of 18,596.67 RMB/ton on August 1st. In the off-season of downstream consumption, the operating rate was low, the overall demand was limited, the market trading atmosphere was average, and the situation of destocking was not ideal. The aluminum price trend was consolidating and declining, and there was insufficient support for cryolite.
Market outlook
The start of raw material production was maintained, with acceptable upstream support. Cryolite enterprises maintained active shipments, while downstream parties followed up as needed. The overall market trading atmosphere was average, and there was 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 should be paid to changes in manufacturer inventory in the future.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
