This week, the domestic butadiene market declined narrowly. According to the sample data monitored by the business agency, the domestic butadiene market price was 9856 yuan / ton at the beginning of the week and 9490 yuan / ton at the weekend, with a decrease of 3.72% during the week, a decrease of 0.40% on a month on month basis, and a rise of 4.40% on a year-on-year basis.

The domestic butadiene market continued the downward trend this week, and the decline increased in the later part of the week. With the production release of Shandong Huayu and Yantai Wanhua, as well as the export of northeast spot goods, as well as the impact of shipping arrival, the market supply surface has been significantly expanded; however, the recent market downturn has led to the lower expectations of the later market, and the downstream synthetic rubber and natural rubber futures market are weak, and the supply and demand fundamentals of butadiene market have accumulated negative factors, which have a significant drag on the market 。

The external supply price of butadiene of Sinopec production enterprises is as follows:

Enterprise, price (yuan / ton), plant dynamics

Normal operation of 9700 165000 T / a unit in Zhenhai Refining and Chemical Co., Ltd

Normal operation of 97.012 million T / a unit in Shanghai Petrochemical Company

Normal operation of Yangzi Petrochemical 97.012 million T / a unit

Sinopec’s 97.2 million T / a plant is in normal operation and mainly supplied by each other

Maoming Petrochemical’s 97.015 million T / a unit is in normal operation, mainly supplied by each other and exported in a small amount

The 97.03 million T / a plant of Guangzhou Petrochemical Company is in normal operation, mainly supplied by each other and exported in a small amount

Shutdown and maintenance of 97.013 million T / a ethylene plant in Wuhan

External market: as of December 11, the external price of butadiene in Asia fell: FOB Korea closed at US $1325-1335 / T, down US $10 / T; CFR China closed at US $1290-1300 / T, down US $15 / T. The external price of butadiene in Europe was stable: FOB Rotterdam closed at US $1010-1020 / T, stable; FD northwest Europe closed at 735-745 EUR / T.

In terms of enterprises, Sinopec’s butadiene supply price has been reduced by 400 yuan / ton, and 9700 yuan / ton has been implemented since December 10; Fushun Petrochemical Co., Ltd. will sell 240 tons of goods through competitive bidding this week, with the bottom price of 9000 yuan / ton on December 10, and no transaction is concluded; North Huajin butadiene online auction transaction is not smooth this week, and the bottom price of node auction on December 10 is 9110 yuan / ton, down 200 yuan / ton month on month.

In the future, although there is a certain demand in the downstream latex industry, the domestic supply has increased, the market has begun to decline, the downstream mentality is mainly wait-and-see, and the external market atmosphere is weak. Business agency butadiene analysts predict that the short-term domestic butadiene market downturn finishing.

According to the data of the business agency, the price of lithium carbonate continued to rise this week, and the prices of industrial carbon and electric carbon have risen and fluctuated by 1000 yuan / ton in recent years. The average price of industrial grade lithium carbonate in East China on December 10 was 45600 yuan / ton, which was 1.79% higher than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China on December 6 was 44800 yuan / ton). On December 10, the average price of battery grade lithium carbonate in East China was 48700 yuan / ton, which was 0.83% higher than that at the beginning of the week (the average price of battery grade lithium carbonate in East China on December 6 was 48300 yuan / ton). On the 10th, the comprehensive market quotation of industrial grade lithium carbonate was around 43000-48000 yuan / ton, and that of battery grade lithium carbonate was around 46000-52000 yuan / ton.

Through the observation of market changes, lithium carbonate prices continue to show an upward trend this week. At present, there is a shortage of raw materials for lithium carbonate production. In addition, some of Tianqi’s production capacity cannot be guaranteed and the electric vehicle industry exceeds expectations, which makes the price of lithium carbonate rise all the way in the near future. At present, many lithium carbonate manufacturers are basically out of stock, and are in the state of replenishment. The market presents the phenomenon of tight shipment and rising price. It is estimated that the demand for lithium carbonate will reach about 400000 tons in 2021, and the price may continue to rise slowly.

The prices of lithium hydroxide and lithium iron phosphate in the downstream have no significant fluctuation for the time being, and the prices are mostly stable. The turnover of large lithium hydroxide plants is stable, the market capacity is sufficient, and the overall market is stable. Lithium iron phosphate enterprises started normal operation, merchants actively shipped goods, logistics smooth, the transaction price basically maintained the cost online and offline, inventory no pressure, mostly contract customers.

According to the price monitoring of the business agency, on December 9, 2020, there were 16 kinds of commodities in the chemical industry sector, among which the top three commodities were paraformaldehyde (4.00%), acetic acid (3.80%) and hydrogenated benzene (2.36%). There were 12 kinds of commodities that declined on a month on month basis, with melamine (- 3.14%), polymerized MDI (- 2.72%) and light soda ash (- 1.74%).

Lithium carbonate analysts from the business club believe that the current global new energy vehicle industry continues to rise, driving the increase in lithium carbonate market supply. In addition, the market is in a state of inventory preparation at the end of the year. It is expected that the price of lithium carbonate will continue to rise in the short term.

Since the beginning of this year, affected by the epidemic situation and the implementation of coking capacity reduction policy, the coke market has been running in shock and the price has fluctuated. Recently, the price of coke began to rise for the eighth round. Can this round of price rise be sustained? What is the future trend of coke market? These topics have become the focus of the industry.

Coking capacity reduction effect

The novel coronavirus pneumonia caused the production stoppage and shutdown of the manufacturing industry in the beginning of this year, which directly affected the steel market and the steel price dropped sharply. At the end of February, CSPI (steel composite price index) was 100.39 points, down 5.09 points on a month on month basis, with a decrease rate of 4.83%; and a year-on-year decrease of 7.29 points, with a decrease rate of 6.77%.

Due to the obvious reduction of steel demand and maintenance of blast furnace, the release of production capacity is hindered and the output is reduced. According to the statistics of China Iron and Steel Industry Association, in March 2020, the key statistics of iron and steel enterprises produced 57.6261 million tons of crude steel, a year-on-year decrease of 2.0%; the daily output of crude steel was 1858900 tons, a year-on-year decrease of 2.0%, and a month on month decrease of 1.25%. The decrease of coke demand in steel mills has led to a continuous drop in the market price of coke. By the end of April, the price of coke has fallen for five consecutive rounds, with a cumulative decrease of 250 yuan / ton. At this time, most coke enterprises are in the state of low profit operation, some even lose money.

2020 is the decisive year to win the three-year action plan of the blue sky defense war. All localities will strengthen the efforts of environmental protection, so as to accelerate the process of coking enterprises to reduce production capacity. For example, Hebei, Henan, Shanxi, Jiangsu, Shandong and other places have introduced coking capacity reduction policies, coking capacity gradually reduced, coke production decreased, making the coke market supply tight. According to the data of the National Bureau of statistics, from January to August this year, China’s coke output was 310.3 million tons, a year-on-year decrease of 1.4%; while from January to August, the output of pig iron was 589.4 million tons, a year-on-year increase of 3.4%. The phenomenon of “weak supply and strong demand” is emerging.

With the gradual emergence of the de capacity effect, since August, there have been waves of price rises in the coke market, up to now, it has been rising for eight consecutive times. Industry insiders believe that the rise in the price of coke benefited from coking enterprises to reduce capacity. For example, in the first ten days and the middle of September, the second round of price increase was opened in Wuhai and surrounding areas of Inner Mongolia, with an increase of 50 yuan / ton. In some areas, the third round of price increase was started, and there was a long queue waiting for coke loading outside the factory area of local coke enterprises. It is difficult for traders in Inner Mongolia to purchase, so they go to Xinjiang to mobilize coke resources. According to statistics, from January to November 2020, the country’s total coking capacity will be eliminated by 40.67 million tons, including 19.4 million tons withdrawn from Shanxi Province; the accumulated new coking capacity is 31.1 million tons, and the net elimination is 9.57 million tons. In particular, since October, Shanxi coking capacity has generally exceeded expectations. Henan began to implement the 4.3m coke oven capacity elimination policy at the end of November. Hebei Handan region started the withdrawal of backward coking capacity. It is estimated that there will be 22.33 million coking capacity to be withdrawn in December in Shanxi, Henan, Hebei and other places.

The rising voice of “gold nine” of coke price is gradually rising, and the rising sound of “silver ten” is still the same. Subsequently, the coke market began to rise in the fourth and fifth rounds, and the price rise continued until November. In late November, the eighth round of price increase was launched in the coke market, with a further increase of 50 yuan / ton, with a cumulative increase of more than 350 yuan / ton. As of November 30, the price of coke in Tangshan was 2150 yuan / ton, up 13.2% and 22.9% respectively over the beginning of this year and the same period last year. At the beginning of December, the monthly long-term price of each mine is still rising, and the rising tide of coke market is still continuing.

Three factors support coke price

As for the future market of coke, operators and industry insiders believe that the coke market will maintain a good running trend at the end of the year and at the beginning of the year. In the short term, the situation of weak supply and strong demand for coke is impossible to fundamentally change, and the price is easy to rise but difficult to fall. The main reasons are as follows:

First, it is difficult to increase the supply of coke market. In December, the task of coking capacity removal is still arduous. The process of 4.3m coke oven capacity exit in Shanxi, Hebei, Henan and other regions is accelerating. There will be 22.33 million tons of coking capacity to be withdrawn, but only 10.54 million tons of coking capacity can be added. Therefore, there is still a certain gap in coke supply from December to January and February next year. Due to the continuous decline of coke production, the supply of coke market will continue to be tight in the later stage.

According to the data of the National Bureau of statistics, China’s coke output in October was 40 million tons, with a decrease of 591000 tons on a month on month basis, with a decrease rate of 1.46%; the average daily output of coke in China was 1290300 tons, with a decrease of 62700 tons on a month on month basis, with a decrease rate of 4.63%. Industry insiders believe that coke production at the end of the year and at the beginning of the year is also difficult to increase significantly.

Second, the “anxious demand” is still strong. In November, the domestic steel market was not weak in the off-season, the prices rose sharply, and the enthusiasm of steel mills for production was high. Although some steel enterprises in some areas are affected by environmental protection and production restriction, there is no obvious limitation or reduction in the production of blast furnace, and the daily average output of hot metal is high. According to the statistics of China Iron and Steel Industry Association, in late November 2020, the key statistics show that iron and steel enterprises have produced a total of 18.4367 million tons of pig iron, with an average daily pig iron output of 1843700 tons, an increase of 5.03% year-on-year. It can be seen that the steel industry’s demand for coke has not weakened, which will support the high price operation of coke in the later period.

Third, the national steel consumption demand will continue to grow in 2021, and the intensity of “coke demand” is still strong. According to the analysis and prediction of insiders, in 2021, China’s economy will continue to develop steadily, infrastructure construction such as “two new and one heavy” will be strengthened, the production and marketing situation of the manufacturing industry will continue to improve, and the strength of “steel demand” is relatively strong. Industry insiders predict that the apparent consumption of crude steel will exceed 1.06 billion tons in 2021, with an increase of more than 4%. “Steel demand” drives “coke demand”, and it is expected that the overall coke market will continue to run well.

This week, the international crude oil price continued to rise slightly, and the domestic refined oil rose to the ground on the 3rd, and the market price followed the upward trend. According to the monitoring data of the business agency, the gasoline price on December 4 was 5466 yuan / ton, up 2.90% from the beginning of the week; on December 4, the price of diesel oil was 4784 yuan / ton, up 1.57% compared with the beginning of the week.

The United Kingdom announced the start of vaccination of the new crown vaccine, and the progress of the vaccine was good for international oil prices; the OPEC meeting was postponed, and the United Arab Emirates and other countries had different opinions on the postponement and reduction of production. The international crude oil market is intertwined with a small rise in international oil prices this week. WTI crude oil prices rose by 1.60% and Brent crude oil prices rose by 2.95%.

In terms of gasoline demand, the weather turns cold and the gasoline market demand is supported. In addition, the domestic refined oil price has been adjusted for two consecutive times, resulting in an increase in terminal demand. In terms of diesel demand, the domestic weather is getting colder, and outdoor diesel demand such as road engineering and infrastructure construction is gradually declining. The rush to work in southern China before the year is good for diesel demand, which has a certain support for the overall diesel market price.

As of November 20, the average start-up load of the daily decompression unit was about 74%, and the start-up load of the refinery remained at a high level, and the domestic refined oil supply was relatively sufficient.

Lu Xingjun, an oil product analyst at the business club, believes that: the international oil price has risen to a periodic high, and there is no enough action to continue. At the same time, the demand for refined oil market remains rigid. In the short term, the price of refined oil market is expected to decline steadily.

1、 Price trend

According to the monitoring of bulk commodity data, the price of domestic chlorinated paraffin 52 increased this week. At the end of last week, the average ex factory price of domestic chlorinated paraffin 52 was 5033.33 yuan / ton, while the average price of this weekend was 5166.67 yuan / ton. The price rose by 2.65% during the week.

2、 Market analysis

This week, the domestic price of chlorinated paraffin 52 first-class products rose, and the operating rate of enterprises was about 60%. At present, the factory quotation of grade-1 chlorinated paraffin 52 in East China is about 5100 yuan / ton, that in Northeast China is about 5200 yuan / ton, that in Northwest China is about 5200 yuan / ton, and that in Shandong is 4800-5100 yuan / ton.

In terms of raw materials, the market of raw material liquid wax rose steadily this week, and some enterprises raised their prices. The market price of raw material liquid chlorine decreased slightly, and the late shipment was not smooth, and the price trend was weak. In terms of demand, downstream enterprises mainly purchase chlorinated paraffins on demand and take them as they are needed.

3、 Future forecast

Chlorinated paraffin analysts believe that the current chlorinated paraffin feed liquid wax market has a steady rise, strong support. Downstream procurement is mainly on demand, and the demand is relatively stable. The market trend of chlorinated paraffin is better and the price is up. It is expected that the price of chlorinated paraffin will be stable in the short term.

Price trend:

According to the data from the business club’s bulk list, the domestic ABS market fell back at a high level in early December, and the spot prices of various brands decreased to varying degrees. As of December 4, the mainstream offer price of general-purpose ABS was about 18500 yuan / ton, with a weekly decrease of 3.91%.

Factor analysis:

ABS upstream styrene from up to down in the last ten days of last month, the current domestic styrene price shock adjustment. Early by the downstream product prices and strong demand, strong market mentality. By the end of November, the spot supply of styrene increased and the mainstream price declined. At present, the recent restart of domestic devices is relatively concentrated, and the supply exceeds the demand without improvement. The demand of downstream factories is not strong. Due to the pressure on the downstream cost due to the sharp rise of styrene in the early stage, some factories began to reduce the load under the condition of shrinking profits, and the accumulation of stocks also occurred. External styrene is still weak, upstream pure benzene and ethylene market is OK, styrene support is general. It is expected that the recent styrene market will continue to sort out the market.

In terms of acrylonitrile upstream of ABS, the raw material propylene rose last month, and the acrylonitrile market followed. In addition, the spot supply was in short supply, and there was a certain atmosphere of reluctance to sell and speculation. At the beginning of this month, the spot trend is still slightly higher, but business analysts believe that acrylonitrile will be out of the negative in the near future. At the same time, the operating rate of the downstream acrylic fiber factories has declined recently. The supply of acrylonitrile is in short supply and the demand is stable. It is expected to be smoothed down. At present, the speculation mood of acrylonitrile spot price dropped and the rising trend was narrowed, but the fundamentals were already weak, and it is expected that acrylonitrile will stagnate in the near future.

The price of butadiene rose significantly and lasted for a long time last month. In December, the domestic butadiene market was weak. Domestic and foreign spot supply began to be abundant, and the boost from external plate to domestic market began to weaken. Although the downstream rubber market rose, but the demand is relatively weak. In addition, the natural rubber market is weak, and the support of many factors for butadiene is loose. It is expected that the butadiene market will continue to be weak in the short term.

In December, the domestic ABS market changed, continued a quarter of surplus growth, turned downward adjustment. Upstream three material prices are not strong, cost support weakened. Domestic ABS supply is generally not surplus. On the downstream side, the consumption of major domestic appliance enterprises and automobile industry is still stable, and the market demand has a certain foundation. However, with the long-term rise of ABS, the cost pressure of downstream factories gradually increases. At present, the downstream purchasing operation is more resistant to high price goods. At first, the business offer was stable, but there was a low price of the order, and the actual transaction price dropped more than before. After that, the ex factory price of the five petrochemical plants fell sharply this week, and the price center of gravity changed from a secret drop to a clear one.

Future forecast:

Business agency analysts believe: ABS market fell in early December, the price of each brand has a certain downward range. On the cost side, the upstream three materials are weak as a whole, which weakens the support on the cost side of ABS. At present, ABS spot supply is OK, but due to the large rise in the early stage, the downstream seriously conflicts with high price goods. At the end of this week, petrochemical plants and businesses began to reduce their profits by about 700 yuan / ton. It is expected that the domestic ABS price will continue the callback trend in the near future.

According to the data of the business agency, the price of lithium carbonate rose significantly on December 3, and the prices of industrial carbon and electric carbon have increased in different ranges in recent years. On December 3, the average price of industrial grade lithium carbonate in East China was 44800 yuan / ton, which was 6.67% higher than that at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 42000 yuan / ton on December 1). On December 3, the average price of battery grade lithium carbonate in East China was 48300 yuan / ton, which was 4.77% higher than that at the beginning of the month (the average price of battery grade lithium carbonate in East China was 46100 yuan / ton on December 1). On March 3, the comprehensive market quotation of industrial grade lithium carbonate was around 40000-48000 yuan / ton, and that of battery grade lithium carbonate was around 43000-50000 yuan / ton.

According to the observation of market changes, the prices of industrial grade and battery grade lithium carbonate show an upward trend in the near future. At present, it is understood that lithium carbonate manufacturers are basically out of stock, and the price range continues to shrink. Now the market gradually enters the stage of stock preparation at the end of the year, and the downstream inquiry begins to increase. In addition, the cost of material factory increased more, the price continued to bear pressure, making the market higher sentiment. At present, the downstream began to replenish the storage at the end of the year, and the lithium carbonate shipment of various manufacturers is stable, and the price may continue to rise.

There is no obvious change in the cost support price of lithium hydroxide in the downstream, but the accumulation of stocks in the fourth quarter is severe. At the end of the year, manufacturers may sell goods at low prices due to withdrawal of funds. However, there are also large manufacturers of lithium hydroxide with stable shipment at the demand side, and the price is temporarily stable. With the rising price of lithium carbonate, some manufacturers intend to raise their prices. In terms of lithium iron phosphate power market, the price of lithium salt continues to rise, and the cost of superimposed iron phosphate increases. With the long-term price reduction of downstream battery enterprises, the price of iron lithium rises slowly.

According to the price monitoring of the business agency, on December 2, 2020, there were 26 kinds of commodities in the chemical industry sector, among which there were 3 kinds of commodities with an increase of more than 5%, accounting for 3.3% of the total number of commodities monitored in this plate; the top three commodities were chloroform (5.80%), nitrates (5.56%) and R134a (5.49%). There were 19 kinds of commodities with a decrease of more than 5%, accounting for 2.2% of the total number of commodities monitored in this sector; the top three products were propylene glycol (- 10.82%), isopropanol (- 5.79%) and maleic anhydride (- 4.67%).

Lithium carbonate analysts of the business club believe that the current market price of lithium carbonate continues to rise, the contraction of supply and the concentrated release of domestic demand are all factors contributing to the recent price rise. With the large volume of new energy vehicles, demand driven obviously, lithium carbonate price is expected to continue to rise in the short term.

In November, the domestic butadiene market continued to rise due to the influence of external market, and the rising trend slowed down. According to the sample data monitored by the business agency, the domestic butadiene market price at the beginning of the month was 9200 yuan / ton, and at the end of the month, the domestic butadiene market price rose to 9938 yuan / ton, an increase of 8.03% in the month, and a 12.50% increase year-on-year.

The butadiene market rose significantly and lasted for a long time, mainly driven by the external market. Combined with the influence of maintenance of some foreign units, the domestic butadiene market price continued to rise. However, the demand for downstream rubber market is weak. Although the main butadiene manufacturers have raised the ex factory quotation for many times, the actual transaction is limited. As of the end of the month, the delivery price in Shandong Province was about 9900 yuan / ton, and the price for tank delivery in East China was 9950-10000 yuan / ton, mainly through negotiation.

In terms of enterprises, Sinopec’s East China butadiene supply price has increased by 900 yuan / ton since November 23, and has been implemented for 10100 yuan / ton since November 23; the 120000 ton / year butadiene plant in Liaoning Baolai has been operating stably, and the bottom price of node bidding has been 9510 yuan / ton as of November 30.

Enterprise, price (yuan / ton), plant dynamics

Normal operation of 10100 165000 T / a unit in Zhenhai Refining and Chemical Co., Ltd

Normal operation of 10.12 million T / a unit in Shanghai Petrochemical Company

Normal operation of 10.12 million T / a unit in Yangzi Petrochemical Company

Sinopec’s 101.2 million T / a plant is in normal operation and mainly supplied by each other

Maoming Petrochemical’s 101.15 million T / a unit is in normal operation, mainly for mutual supply and a small amount of export

Guangzhou Petrochemical’s 101.03 million T / a plant is in normal operation, mainly supplied by each other and exported in a small amount

Shutdown and maintenance of Wuhan ethylene plant with a capacity of 101.13 million tons / year

External market: as of November 30, the external price of butadiene in Asia was stable: FOB Korea closed at 1335-1345 US dollars / ton; CFR China closed at 1305-1315 US dollars / ton. The external price of butadiene in Europe was stable: FOB Rotterdam closed at US $1010-1020 / T; FD in northwest Europe closed at 695-705 EUR / T.

At present, the domestic butadiene market price is difficult to find under the high external market price; however, the domestic spot transaction needs to be followed up, and the downstream rubber demand is weak, and many real orders are mainly traded. Business agency butadiene analysts predict that the short-term domestic butadiene market high finishing.

1、 Price trend

The price of aniline rose 200 yuan / ton on Tuesday and then stabilized, according to the data from the business club’s large list. On November 22, the price of aniline in Shandong was 7200-7400 yuan / ton, and that in East China was 7400 yuan / ton; on November 29, aniline price in Shandong was 7400-7600 yuan / ton, and that in East China was 7600-7700 yuan / ton, the average price was 9.71% higher than last week and 13.57% higher than the same period last year.

2、 Analysis and comment

In terms of cost, this week, pure benzene fell first and then rose, “V” shaped trend, and the overall price fell compared with last week. This Sunday (November 29), the listed price of pure benzene was 4050-4550 yuan / ton (average price 4146 yuan / ton), down 70 yuan / ton or 1.66% compared with last week. At the beginning of the week, the downstream styrene was driven by the downward trend of pure benzene. On Tuesday, Sinopec’s listed price of pure benzene was lowered by 200 yuan / ton to 4000 yuan / ton. In the later period, the original news was positive and continued to rise; the external market rose widely, the arbitrage window of Asia and the United States opened, and the Asian price went up sharply, driving the focus of pure benzene negotiation to turn better and the price rebounded. On Thursday, it increased 200 yuan / ton to 4200 yuan / ton.

Nitric acid prices stabilized this week, with production prices of 1800 yuan / ton in East China on Friday (November 27).

At present, the demand for aniline downstream is stable. Recently, enterprises in Shandong are affected by rain and snow weather, transportation is limited and supply is tight; enterprises in East China carry out more contract orders and less spot delivery, resulting in continuous price rise.

3、 Future expectations

In terms of cost, although the price of styrene fell, it was at a high level as a whole with strong support. At present, the crude oil and external market are favorable, and the domestic pure benzene market is expected to continue to rise. It is expected that pure benzene will be more active next week.

Compared with the price trend of previous years, aniline entered the peak price in October and November, and fell in December. Pay attention to the downward risks of raw materials such as pure benzene and nitric acid, as well as the possibility of demand reduction caused by maintenance or environmental inspection for downstream auxiliaries and MDI.

At present, the cost of action, aniline spot market supply is tight, short-term support for aniline prices. It is expected that aniline price will be raised next week.

1、 Price trend

According to the data of the business club’s bulk list, the price trend of cryolite market rose slightly in November. The average market price at the end of the month was 5800 yuan / ton, up 1.16% compared with 5733.33 yuan / ton at the beginning of the month, and 4.92% lower than that of last year.

2、 Market analysis

This month, the cryolite market is running weakly and stably. The manufacturers start operation normally, have sufficient inventory, and the downstream demand is general. The enterprises sell according to the order, and the market transaction is fair. At present, the ex factory price of cryolite in Henan Province is 5000-6200 yuan / ton, which is 200 yuan / ton higher than that of last month. The price of cryolite in Shandong Province is increased by 300 yuan / ton, and the ex factory quotation is 5500-6800 yuan / ton. The actual transaction price is flexible and mainly through negotiation.

On the upstream side, the price trend of domestic fluorite market decreased slightly. At the end of the month, the average price of domestic fluorite was 2616.67 yuan / ton, down 0.21% in the month. The domestic fluorite manufacturers started normal operation, the fluorite supply was sufficient, the downstream demand was general, the manufacturers’ orders were less, and the market price was volatile. It is expected that the fluorite market will be weak in the future. As for the downstream electrolytic aluminum, the social inventory is continuously moving down, and the domestic demand is strong. With the steady rise of domestic manufacturing industry and the improvement of downstream consumption, the demand for electrolytic aluminum is getting warmer, and the supply is facing a good direction, and the future market may fluctuate upward.

3、 Future forecast

At present, cryolite enterprises are operating normally, the market inventory is sufficient, the downstream demand is not significantly improved, and the market transaction remains weak and stable. It is expected that the cryolite market will operate weakly and stably in the future.