Price trend

According to the price monitoring of business agency, the price of cryolite in Henan rose steadily this week. On May 13, the average market price in Henan was 7575 yuan / ton, up 0.66% from 7525 yuan / ton at the end of last week and 1.34% month on month.

quotations analysis

During the week, the cryolite market was sorted upward, and the quotation of main enterprises in Henan was increased by 200 yuan / ton. At present, the production cost pressure of cryolite manufacturers is high, the inventory is relatively small, the enterprise quotation is mainly high, the downstream demand is stable, the enterprise shipment is relatively smooth, the operator’s wait-and-see mentality is mainly, and individual cryolite enterprises quote upward according to their own shipment situation. As of May 13, the ex factory quotation of cryolite in Shandong is 8000 yuan / ton, and the ex factory quotation of cryolite in Henan is 7000-8600 yuan / ton, with little change in the range price.

The high level of soda ash in the upstream is strong. As of May 13, the average market price is about 2725 yuan / ton. This week, the soda ash market is stable and small. The trading atmosphere on the site is mild, and the order volume of enterprises is relatively sufficient. The downstream mainly purchases on demand, the manufacturers ship flexibly, and the price trend runs smoothly within the week.

Downstream, the aluminum market fluctuated and decreased this week. On May 13, the aluminum price was about 20111 yuan / ton, a decrease of 0.97% over the weekend. In the early stage, affected by public health events, logistics transportation was blocked, enterprise shipment was difficult, weekly delivery volume decreased, aluminum social inventory accumulated, aluminum market fell, social conditions improved in the later stage, market consumption increased, driving aluminum prices to rise slightly.

Future forecast

Domestic cryolite manufacturers still have cost pressure, tight market supply, low enterprise inventory, high cryolite price, stable downstream demand procurement and strong high cryolite market. It is expected that the short-term cryolite trend will continue to operate at a high level, and pay specific attention to the downstream demand.