Price trend in February

According to the data monitoring of the bulk list of business society, the price trend of cryolite was slightly reduced in February. On February 28, the average market price in Henan was 7250 yuan / ton, a slight decrease of 50 yuan / ton compared with 7300 yuan / ton at the beginning of the month, a decrease of 0.68% within the month and a year-on-year increase of 13.87%.

In February, the domestic cryolite market was mainly stable and wait-and-see. After the year, the start-up of cryolite manufacturers changed little compared with that before the year, the enterprise inventory was not under pressure, and the downstream demand was OK. Due to the high quotation before the festival, the quotation of individual manufacturers was slightly reduced for smooth shipment after the year. On the whole, the market supply and demand were relatively balanced, the shipment of enterprises was stable compared with that before the year, and the market ran smoothly. As of the 28th, the ex factory price of cryolite in Henan was 6800-8500 yuan / ton, down 200 yuan / ton month on month; The ex factory price in Shandong is temporarily stable, and the quotation is about 7600 yuan / ton. The actual transaction price is mainly negotiated.

Upstream and downstream market analysis

Upstream, the domestic soda ash market continued to rise. On February 28, the average price of soda ash was 2616 yuan / ton, up 19.62% from 2187 yuan / ton at the beginning of the month. After the Spring Festival, the soda ash market atmosphere was strong, the enterprise shipment was smooth, the soda ash inventory decreased, and the manufacturer’s price increased.

The downstream aluminum price fluctuated upward in February. On February 25, the average price of domestic aluminum ingots in East China market was 22830 yuan / ton, up 5.73% from 21593.33 yuan / ton at the beginning of the month. After the festival, the market demand is large, the aluminum destocking is obvious, the aluminum price rises rapidly, the downstream demand is adjusted in the later stage, the intention of hoarding is small, and the rise of aluminum price is weakened. However, due to the support of overseas factors, the aluminum market is still strong.

Future forecast

At present, in terms of supply and demand performance of cryolite market, the operating rate of enterprises is not high, there is no pressure on inventory, and the downstream demand is stable. It is expected that the cryolite market will be stable in the later stage.