According to the commodity market analysis system of Business Society, the price of cryolite slightly decreased in February. On February 29th, the average market price in Henan Province was 7600 yuan/ton, a decrease of 25 yuan/ton compared to the initial price of 7625 yuan/ton, a decrease of 0.33%.
In February, the domestic ice crystal market slightly decreased, and the main ice crystal enterprises remained stable with little movement. In February, raw material prices remained low, which weakened support for the cryolite market. Downstream buyers followed up on demand, and the market trading atmosphere was weak. However, due to difficulties in operating fluorite mines, spot prices continued to be tight, and the overall price remained at a high level in the fluorite industry. There is still pressure on the cost of cryolite, with most cryolite manufacturers maintaining stable prices. Some companies are under pressure to ship, and in order to promote inventory scheduling, cryolite prices have slightly decreased.
The upstream fluorite market remained stable in February, with slight fluctuations in price. As of February 29th, the average price of fluorite was 3350.00 yuan/ton, an increase of 0.19% compared to the beginning of the month price of 3343.75 yuan/ton. The game situation in the domestic fluorite industry still exists, and the operating rate of enterprises remains low. In addition, fluorite mining enterprises are facing increasingly strict safety and environmental requirements, making it more difficult to operate fluorite mines. Downstream procurement follows up on demand, and actual procurement is limited. The fluorite price market is on a wait-and-see basis.
Market forecast: Ice crystal raw material extraction is difficult, fluorite supply is tight, and there is still pressure on the cost of ice crystal. The price of ice crystal on the market is mainly strong, and there is resistance and bearish sentiment towards high prices in the downstream. The downward momentum of ice crystal prices is significant, and the market mentality is cautious. It is expected that the ice crystal market will be sorted out in March, and specific attention will be paid to changes in cost prices and downstream follow-up.
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