This week, the price trend of cryolite in Henan region has risen. As of November 6th, the average market price in Henan region was 8775 yuan/ton, an increase of 275 yuan/ton compared to the average price of 8500 yuan/ton on November 1st, an increase of 3.24%.
This week, the ice crystal market has been running strongly, and enterprise ice crystal prices have generally increased. The narrow upward adjustment of upstream fluorite prices provides positive support for the cost of cryolite; Downstream on-demand procurement, market trading atmosphere is still acceptable; The spot market on the supply side continues to be tight, with low inventory from manufacturers and rising prices of cryolite. As of November 6th, the ex factory quotation for cryolite in Shandong region is 8000-8800 yuan/ton; The factory quotation for cryolite in Henan region ranges from 8200-9100 yuan/ton.
The upstream fluorite market fluctuated narrowly, with an average market price of 3687.50 yuan/ton as of November 6th, an increase of 0.34% compared to the price of 3675 yuan/ton on November 1st. The operating rate of the domestic fluorite industry is relatively low, and the supply of goods in the southern region is tight. The market mentality is rising significantly, and the support for fluorite prices is relatively strong. Some mining enterprises in the northern region have made small concessions, and the overall domestic fluorite market is cautious in organizing and operating.
Market forecast: High upstream prices of cryolite and strong support for raw materials; The demand for downstream electrolytic aluminum industry is still acceptable, which provides good support for the shipment of cryolite enterprises; The spot market on the supply side is relatively tight, and the fundamentals on the market are optimistic. It is expected that the cryolite market will consolidate and operate at a high level in the later stage, and attention will be paid to upstream price changes and downstream follow-up in the future.