Price trend in February
| Chitosan oligosaccharide |
According to the monitoring of the bulk list data of the Business News Agency, the price of cryolite in February was stable. On February 28, the average market price in Henan was 7975 yuan/ton, which was the same as the price at the beginning of the month, with a year-on-year increase of 10.00%.
In February, the domestic cryolite market ran smoothly, and the quotations of cryolite enterprises were stable and slightly changed during the month. Some enterprises were slightly reduced according to their own shipments after the festival. The upstream operating rate was low, the raw material supply was tight, the cryolite enterprises were limited to start operations, the enterprise inventory remained rational, the cryolite market price was high, the downstream side just needed to purchase, the cryolite enterprises shipped as needed, the focus of market negotiations was general, and the cryolite market was wait-and-see operation.
Upstream and downstream market analysis
On the upstream side, the domestic fluorite market declined in February. Due to the requirements of safety and environmental protection, some units in fluorite mines were put into operation, but the downstream stock was sufficient, and the purchasing enthusiasm was general. The fluorite market price fell back. The average price of fluorite at the end of the month was 3050.00 yuan/ton, down 3.37% from 3156.25 yuan/ton at the beginning of the month.
| Gamma-PGA (gamma polyglutamic acid) |
The market price of the downstream aluminum market fell in February. The average price of domestic aluminum ingots in the East China market at the end of the month was 18340 yuan/ton, down 3.37% from the average price of 18980 yuan/ton at the beginning of the month. After the aluminum price recovered in January, the aluminum market was less than expected. The aluminum price fell in mid-February, and the current price is at the low level in the month.
Aftermarket forecast
The price of cryolite raw materials fell, but the supply of goods was tight, the support for cryolite was still in place, the downstream aluminum market was sluggish, the demand performance was insufficient, and the volume of cryolite was limited. From the perspective of supply and demand performance, the market was wait-and-see attitude, and it was expected that the cryolite market would continue to be stable in the future.
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