According to the Commodity Market Analysis System of the Business Society, the price of cryolite in Henan region remained stable this week. On November 10th, the average market price in Henan region was 7775 yuan/ton, which is the same as the average price of 7775 yuan/ton on November 6th at the beginning of the week, with a month on month decrease of 1.27%.
This week’s cryolite market is on the sidelines, with upstream product prices remaining unchanged, cryolite costs stabilizing, and downstream demand for goods continuing to be weak. There is still resistance towards high priced cryolite, and manufacturers are shipping according to demand. The market trading atmosphere is average, and the supply and demand on the market are relatively balanced. The quotation of cryolite manufacturers is temporarily stable. As of November 10th, the factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The factory quotation for cryolite in Henan region is between 7200-8800 yuan/ton, and the price range remains unchanged.
The upstream fluorite market is operating steadily, with an average market price of 3700 yuan/ton on November 10th, which is unchanged from the price of 3700 yuan/ton on November 6th. The supply of raw ore is still tight, and the spot fluorite continues to be tight. The demand side refrigerant trend is temporarily stable, and the downstream market is not good. Manufacturers ship as needed, and the fluorite market price remains stable.
Future Market Forecast: Upstream supply is tight, production of cryolite enterprises is under pressure, equipment maintains low load operation, market supply is rational, downstream purchasing enthusiasm on the demand side is average, demand support is limited, and due to cost impact, cryolite prices will remain stable. It is expected that the short-term cryolite market will operate on a wait-and-see basis, with specific attention paid to changes in manufacturer inventory and downstream acceptance.
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