SunSirs: Cryolite Market Was Finishing Operation (August 8-14)
August 17 2022 10:56:17 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the price trend of cryolite in Henan was slightly lowered this week. On August 14, the average market price in Henan was 7,625 RMB/ton, which was 25 RMB/ton lower than the price at the beginning of the week, and a month-on-month decrease of 0.33 %.
Analysis review
This week, the cryolite market was in wait-and-see operation. The price of cryolite was still high, the supply of raw materials was tight, the fuel cost of enterprises was high in production and processing, and the production cost of manufacturers was relatively high. The cryolite plant operatee at a low load, and the company's inventory was tight. The downstream demand was stable, supporting the strong operation of the cryolite market, and the industry's mentality was mainly wait-and-see. During the week, individual manufacturers adjusted their quotations according to their own shipments. As of August 14, the ex-factory quotation for cryolite in Shandong was 8,000 RMB/ton, and the ex-factory quotation for cryolite in Henan was 7,200-8,600 RMB/ton, and the range price was the same as last week.
Upstream soda ash was running in consolidation. As of August 14, the average price of soda ash in the market was about 2,690 RMB/ton, and the price of soda ash at the beginning of the week was 2,700 RMB/ton, down 0.37% during the week. The downstream demand was general, the purchases in the market were more rational, the trading atmosphere in the market was weak, the downstream support was limited, the market center of gravity has shifted downward, and the soda ash market was consolidated.
The downstream aluminum market continued to fluctuate, and the price trend rose first and then fell. On August 14, the aluminum price was around 18,686 RMB/ton, an overall increase of 1.50% within the week. Macro factors dominated the price trend of aluminum prices in the early stage. As prices gradually approached the cost side, fundamental factors began to rise, but social inventories began to show a trend of accumulation, which suppressed the rise in aluminum prices to a certain extent. The market showed strong supply and weak demand. I In the future, the aluminum market will fluctuate and sort out.
Market outlook
The domestic cryolite market has a strong wait-and-see mood. The quotations of manufacturers are stable at a high level, the inventory in the field is tight, the downstream demand is stable, and the cryolite market is running at a high level. It is difficult to improve the tense situation of raw materials in a short time, and the cryolite market is expected to remain high and firm in the market outlook.
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