On October 29, the cryolite commodity index was 69.64, flat with yesterday, 31.19% lower than the cycle high of 101.21 (2011-10-31), and 4.96% higher than the lowest point of 66.35 on September 05, 2016. (Note: period refers to 2011-09-01 to now)
According to the data of the business club’s bulk list, the price trend of domestic cryolite market is stable. The average price of cryolite market in Henan is 5733.33 yuan / ton, down 9.47% compared with last year. At present, the ex factory price of cryolite in Henan Province is 4800-6200 yuan / ton, and that in Shandong Province is 5200-6800 yuan / ton. The manufacturers start normal equipment, have sufficient inventory, and the downstream demand is general, so they purchase on demand. The enterprises hold a wait-and-see attitude and offer stable prices.
On the upstream side, the price of fluorite decreased slightly, with the average price of 2622.22 yuan / ton in the domestic market. The domestic fluorite manufacturers operated normally, the supply of goods was sufficient, and the on-site enterprises’ shipment situation was general, and the fluorite price might continue to be weak in the later stage. In terms of downstream aluminum industry, although the social inventory continued to move down, the phenomenon of market oversupply still existed, and the demand performance was not as expected by the market, and the aluminum industry may be consolidated in the later stage.
Cryolite product analysts of business agency believe that: cryolite manufacturers’ devices operate normally, supply is sufficient, downstream demand is general, and support for cryolite market is insufficient. It is expected that cryolite market will operate weakly and stably in the later stage, and pay attention to market demand specifically.
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