According to the commodity market analysis system, the price of cryolite in Henan region remained stable this week. On January 7th, the average market price in Henan region was 7700 yuan/ton, which was stable compared to the average price of 7700 yuan/ton on January 1st and remained unchanged compared to the previous month.
| Gamma-PGA (gamma polyglutamic acid) |
This week, the ice crystal market has remained stable with minor fluctuations, and some companies have slightly lowered their prices. The prices of upstream products have declined, and the cost of cryolite has decreased. At the same time, the enthusiasm of downstream buyers for high priced cryolite is weak. Some companies have lowered their prices to promote shipments. However, due to the tight availability of raw materials, cost pressure support for cryolite enterprises still exists. Most companies have firm and stable quotes, and the market for cryolite is watching and consolidating. As of January 7th, the ex factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The ex factory price of cryolite in Henan region is between 7000 and 8700 yuan/ton, with a price reduction of 300 yuan/ton within the range.
The upstream fluorite market trend has declined, with an average market price of 3431.25 yuan/ton on January 7th, a decrease of 2.83% compared to the price of 3531.25 yuan/ton on January 1st. The tight exploitation of upstream mines and the shortage of raw materials have limited the production of fluorite enterprises, and some manufacturers have limited production. Due to the impact of low temperature, rain, and snow weather in the north, some manufacturers have maintained low production levels. As the end of the year approaches, some small factories have engaged in low-priced inventory clearance, resulting in a decrease in fluorite prices. At the same time, the downstream market is weak, with poor procurement, and a downward trend in the fluorite market, which has a negative impact on the cryolite market.
Market forecast: Ice crystal raw materials are tight, enterprise cost support still exists, ice crystal manufacturers are operating at high prices, downstream purchasing enthusiasm is not high, market trading atmosphere is weak, and upstream prices continue to decline. There is more bearish sentiment in the market, and the downward momentum of ice crystal prices is increasing. It is expected that the ice crystal market will consolidate in the later stage, with slight price fluctuations. In the future, attention will be paid to upstream price changes and downstream follow-up.
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