According to the Commodity Market Analysis System of the Business Society, the price of cryolite in Henan has remained stable recently. On November 21, the average market price in Henan was 7775 yuan/ton, which is the same as the average price of 7775 yuan/ton on November 13, with a month on month decrease of 1.27%.
Recently, the market situation of cryolite has remained stable and wait-and-see. Upstream product prices have remained high and firm, while cost support for cryolite still exists. Manufacturers’ quotations remain stable, while downstream companies still have resistance towards high priced cryolite. They often follow up on demand when entering the market, and cryolite is affected by costs, maintaining stable shipments. The market supply and demand are deadlocked, and the cryolite market is operating on a wait-and-see basis. As of November 21st, the factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The factory quotation for cryolite in Henan region is between 7200-8800 yuan/ton, and the price range remains unchanged.
The upstream fluorite market is firm and stable, with an average market price of 3700 yuan/ton on November 21, which is unchanged from the price of 3700 yuan/ton on November 13. The upstream mining of fluorite is tight, and the shortage of raw materials has restricted the operation of fluorite enterprises. The spot supply of fluorite continues to be tight, and the demand side refrigerant trend is temporarily stable. The downstream market is not good, and manufacturers ship according to demand. At the same time, with the temperature decreasing and the increase of rain and snow weather in the northern region, fluorite production is limited, which affects the stable operation of fluorite market prices and strong support for cryolite.
Future Market Forecast: Upstream spot prices continue to be tight, cryolite enterprises are under pressure in production, devices are operating at low loads, manufacturers’ inventory is not under pressure, cryolite prices are strong, and demand is mainly wait-and-see. Purchasing is rational, but due to strong cost support, there is insufficient room for cryolite prices to fall. It is expected that the short-term cryolite market will continue to operate on a wait-and-see basis, and attention will be paid to upstream price changes and downstream follow-up in the future.
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