Price trend in October

According to the bulk list data of business society, the market price trend of cryolite continued to rise in October. The average market price at the end of the month was 7000 yuan / ton, an increase of 6.46% over the price of 6575 yuan / ton at the beginning of the month, and a year-on-year increase of 22.09%.

Analysis of industrial chain in the month

In October, the domestic cryolite market was strong and upward, the upstream raw materials were tight, the price rose, and the cryolite market kept up with the rise. Domestic enterprises adjusted the quotation according to their own shipment situation. The overall high-level operation of the market was dominated. The cryolite manufacturer’s production capacity was low, the inventory was tight, the cryolite quotation was high, the downstream was purchased on demand, and the enterprises sold according to the order, Supply and demand performance was stable. As of the 31st, the ex factory price of cryolite in Henan was 6500-8200 yuan / ton, up 1400 yuan / ton month on month; The ex factory price in Shandong was raised by 500 yuan / ton simultaneously, and the quotation was about 7200 yuan / ton. The actual transaction price was mainly negotiated.

Upstream, the domestic soda ash market was strong and upward. On October 31, the average price of soda ash was 3575 yuan / ton, an increase of 15.32% over the monthly price of 3100 yuan / ton. The price rise of soda ash is affected by the dual control policy. The supply of soda ash decreases and the price rises.

The market of downstream aluminum industry fluctuated downward in October. On October 29, the average market price of domestic aluminum ingots in East China was 20210 yuan / ton, down 11.02% from the average market price of 22713.33 yuan / ton on October 1. In the early stage, affected by the dual control of energy consumption, the production capacity was reduced, the supply was tight, and the aluminum price fluctuated and rose; In the later stage, black building materials fell sharply, the performance demand for building materials weakened, aluminum ingots were affected, and the market was weak and downward due to the accumulation of electrolytic aluminum social inventory.

Future forecast

At present, the supply of domestic cryolite market is tight, the upstream raw materials continue to be tight, and the cryolite market continues to rise. In addition, the downstream demand is OK, the enterprise quotation is strong, and there is no possibility of short-term price reduction. It is expected that the cryolite market will be stable in the later stage.