Price trend of cryolite stabilized temporarily this week (8.17-8.21)

1、 Price trend

 

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According to the data from the business club’s bulk list, the price trend of cryolite market this week was stable, with the average price of 5833.33 yuan / ton in Henan during the week, which was flat compared with last weekend and decreased by 7.89% compared with last year. On August 23, cryolite commodity index was 70.85, flat with yesterday, down 30.00% from 101.21 (2011-10-31), and 6.78% higher than 66.35, the lowest point on September 05, 2016. (Note: period refers to 2011-09-01 to now).

 

2、 Market analysis

 

This week, the domestic cryolite price trend is stable, and the quotations of various enterprises are stable. As of the 21st, the ex factory quotation of cryolite in Shandong is 5000-6800 yuan / ton, and that in Henan is 5300-6200 yuan / ton. The cryolite enterprises in Henan Province started normal operation, had sufficient inventory, stable quotation, and mostly sold by order. At present, the production of Zhengzhou Tianrui grain Co., Ltd. is 30000 tons / year, and the plant is about 70% of the total capacity. Jiaozuo Minli Industrial Co., Ltd. has a full load, normal start-up and sufficient supply; Zibo Kunyu industry and Trade Co., Ltd. has a normal annual production capacity of 40000 tons of cryolite. The plant is in normal operation with normal inventory, stable sales and no parking plan.

 

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In terms of upstream fluorite, the average domestic market price was 2661.11 yuan / ton at the weekend, down 1.03% from 2688.89 yuan / ton at the end of last week. At present, the domestic fluorite manufacturers are operating normally, the on-site supply is sufficient, the downstream hydrofluoric acid and refrigerant market is weak, and the domestic fluorite market is expected to continue to decline. In terms of downstream electrolytic aluminum, the price trend continued to rise this week, with an offer of 14843.33 yuan / ton at the weekend, with an increase of 2.82% within the week. The market supply increased and the downstream demand was optimistic. At present, the social inventory of electrolytic aluminum continued to move downward. Under the performance of supply and demand, the market is expected to be stronger in the later period.

 

3、 Future forecast

 

Cryolite analysts from the business agency believe that: at present, cryolite manufacturers are operating normally, with sufficient inventory, and most enterprises sell according to orders. There is no obvious fluctuation in demand. It is expected that the cryolite market will decline slightly in the later stage, and pay attention to the market demand.

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