According to the commodity market analysis system of Business Society, the price of cryolite in Henan region remained stable this week. On March 14th, the average market price in Henan region was 7600 yuan/ton, which is the same as the average price of 7600 yuan/ton on March 8th, with a month on month decrease of 0.33%.
| Gamma-PGA (gamma polyglutamic acid) |
This week, the ice crystal market remained stable and cautious, with stable prices for enterprises being the main focus. Upstream raw material fluorite mines face difficulties in starting production, and spot prices continue to be tight. The overall price is still at a relatively high level in the fluorite industry, and the cost pressure on cryolite continues. Most cryolite manufacturers have offered firm prices, while some companies have lowered prices to promote negotiations on the shipment of cryolite. The overall market is stable. At the same time, downstream parties have a resistance to cryolite prices, and they follow up with more purchases as needed. The market trading atmosphere is average, and the cryolite market is wait-and-see. As of March 14th, the ex factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The factory quotation for cryolite in Henan region is between 7200-8200 yuan/ton.
The upstream fluorite market has slightly increased, with an average market price of 3356.25 yuan/ton on March 14th, an increase of 0.19% compared to the price of 3350.00 yuan/ton on March 8th. 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. The shortage of raw materials has restricted the operation of fluorite enterprises. Downstream procurement is mostly followed up on demand, and market trading is limited. The fluorite price market is observing and consolidating.
Market forecast: The supply of ice crystal raw materials is tight, the cost of ice crystal is high, and the on-site ice crystal quotation continues to be strong. Downstream purchasing enthusiasm for entering the market is insufficient, and buyers follow up on demand. Manufacturers have limited shipments, and the mentality of operators is not good. It is expected that the ice crystal market will be adjusted downward in the future, and attention will be paid to upstream price changes and downstream follow-up in the future.
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