According to the Commodity Market Analysis System of the Business Society, the prices of cryolite in Henan region have been running smoothly this week. On September 22, the average market price in Henan region was 7850 yuan/ton, which is the same as the average price of 7850 yuan/ton at the beginning of the week, with a year-on-year increase of 1.62%.
The cryolite market remains stable, with manufacturers mainly maintaining stable prices. The upstream price of cryolite is high, and the production cost of cryolite is favorable. Manufacturers mainly support the price, but there is resistance towards high priced cryolite in the downstream. The enthusiasm for purchasing in the market is average, and the market trading atmosphere is weak, which suppresses the rise of cryolite prices. cryolite manufacturers have a cautious attitude, and cryolite prices remain high under cost support. As of September 22nd, the factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The factory quotation for cryolite in Henan region is between 7200-8900 yuan/ton.
The upstream fluorite market has slightly increased, with an average market price of 3375 yuan/ton on September 22, an increase of 0.75% compared to the price of 3350 yuan/ton on September 18. Upstream mining is tight, and companies are facing increasingly strict safety and environmental requirements, making it difficult for fluorite flotation companies to start operations. The spot fluorite is very tight, and the refrigerant market is also rising. Demand is driving up the fluorite market price.
Future Market Forecast: Currently, there is no inventory pressure on cryolite enterprises, and manufacturers are actively shipping. Downstream demand support is insufficient, market trading is limited, and raw material prices are rising. The support for cryolite is not as strong as downstream resistance to high priced cryolite. Manufacturers are cautious, and cryolite prices remain high and firm. Considering cost impact, it is expected that the cryolite market will narrow in the future. Specific attention will be paid to changes in manufacturers’ inventory and downstream acceptance level.