According to the commodity market analysis system of Business Society, the price of cryolite in Henan region remained stable this week. On December 29th, the average market price in Henan region was 7700 yuan/ton, which is the same as the average price of 7700 yuan/ton on December 25th, and a decrease of 0.32% compared to the beginning of the month.

This week, the ice crystal market continued to remain stable, with a slight decrease in upstream product prices and a decrease in ice crystal costs. However, the spot supply of raw materials is tight, and prices are still at a relatively high level. There is still cost support for ice crystal enterprises, and downstream purchasing enthusiasm is weak. Purchasing is mainly based on demand, and the market trading atmosphere is average. The ice crystal market is watching and operating. As of December 29th, the ex factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The ex factory quotation for cryolite in Henan region is between 7000 and 8700 yuan/ton.

The upstream fluorite market has slightly decreased, with an average market price of 3531.25 yuan/ton on December 26th, a decrease of 0.35% compared to the price of 3543.75 yuan/ton on December 25th. The tight exploitation of upstream mines and the shortage of raw materials have restricted the operation of fluorite enterprises, and some manufacturers have limited production. However, towards the end of the year, some small factories have engaged in low-priced inventory clearance behavior, resulting in poor fluorite sales and poor downstream procurement. On site prices have slightly decreased, weakening support for cryolite.

Market forecast: Ice crystal raw materials are tight, and cost pressure on ice crystal enterprises still exists. Ice crystal manufacturers mainly raise prices, but downstream purchasing enthusiasm is weak, and they are more resistant to high priced ice crystal. However, at the same time, upstream prices are lowered, and downstream bearish sentiment is more. The downward momentum of ice crystal prices is increased, and it is expected that the ice crystal market will continue to decline, with slight price fluctuations. In the future, attention will be paid to upstream price changes and downstream follow-up.