Price trend

According to the price monitoring of business agency, the price trend of cryolite in Henan was stable this week. On January 7, the average market price in Henan was 7300.00 yuan / ton, an increase of 0.34% month on month and 22.18% year-on-year.

quotations analysis

The domestic cryolite market continues to be high and strong, the quotation of enterprises in Henan and Shandong is stable within the week, and the supply of raw materials tends to be stable in terms of cost. At present, the high price of cryolite is mainly due to the influence of northern winter heating and the reduction of manufacturers’ limited production. Individual enterprises have high quotation of cryolite due to the high price of raw hydrogen fluoride and cost pressure. As of January 7, the ex factory quotation of cryolite in Shandong is 7000-7600 yuan / ton, and that in Henan is 6700-8700 yuan / ton.

The market price of upstream soda ash decreased significantly this week. As of January 7, the average market price was about 2250 yuan / ton, and the price decreased by 450 yuan / ton during the week, a decrease of 16.67%. The soda ash started stably this week, the output increased during the week, and the downstream demand after the new year’s Day festival was average. It just needed to be purchased. In order to maintain the reduction of delivery quotation, the market trading atmosphere was weak.

In the downstream, the aluminum market first fell and then rose. On January 7, the aluminum price was 21063.33 yuan / ton, an increase of 3.40% during the week compared with the price of 20370.00 yuan / ton at the end of last week. The European energy crisis and the rise of electricity price led to the reduction of production of more aluminum plants in Europe, which led to the recovery of domestic aluminum demand, good de stocking of society, improvement of supply and demand, rise of aluminum price and upward consolidation of the market.

Future forecast

The quotation of domestic cryolite enterprises remains stable at a high level. Northern Enterprises limit production and reduce production due to the impact of winter heating. In addition, the rise of downstream aluminum price is good for the market. The mentality of field operators is optimistic. It is expected that the short-term cryolite trend will continue to wait and see at a high level, and pay specific attention to the downstream demand.