Price trend
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According to the price monitoring of the business agency, the price trend of cryolite in Henan continued to be stable this week. On August 5, the average market price in Henan was 7650 yuan / ton, which was the same as the quotation at the beginning of the week and increased by 0.66% month on month.
quotations analysis
This week, the cryolite market continued to be firm and stable. The cryolite enterprises shipped smoothly and the quotation was high. The supply of raw materials was still tight and the price was high. In addition, the fuel cost was high, the manufacturer’s production cost was high, and the cryolite devices were mainly operated at low load. The enterprise’s inventory was tight and the price was high. The downstream demand followed up steadily, which supported the firm operation of the cryolite market. The attitude of the operators continued to wait and see. As of August 5, the ex factory price of cryolite in Shandong Province was 8000 yuan / ton, and the ex factory price of cryolite in Henan Province was 7200-8600 yuan / ton, which was the same as last week.
The upstream soda ash continued to decline. As of August 5, the average market price was about 2710 yuan / ton. The price continued to decline during the week, with a decrease of 2.87% compared with the beginning of the week. The downstream demand continued to be weak, the purchasing enthusiasm was not high, the trading atmosphere in the field was light, the manufacturers offered profits to negotiate shipment, the market focus continued to move downward, and the soda ash market was in a weak position.
The downstream aluminum market fluctuated. On August 5, the aluminum price was about 18420 yuan / ton, rising 0.54% in the whole week. In the early stage, the price of aluminum price decreased and gradually approached the cost side. In the recent period, the price of aluminum stopped falling and stabilized, and the price of aluminum increased slightly. However, the social inventory began to accumulate, which suppressed the increase of aluminum price to a certain extent. The market performance was strong in supply and weak in demand. In the future, the aluminum market will wait and see.
Future forecast
The domestic cryolite market is in a stalemate, with strong support from suppliers. The cost factors such as raw material shortage and high fuel cost are difficult to improve in a short time. The enterprise’s inventory is tight, the downstream demand is acceptable, and the enterprise’s shipment is relatively smooth. In a comprehensive view, it is expected that the short-term cryolite market will continue to operate at a high level.
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