Chemical News
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SunSirs: Cryolite Market Ran Smoothly in the Second Half of July
https://www.chemnet.com Aug 02,2023
According to the commodity market analysis system of SunSirs, the price of cryolite in Henan was stable. On July 31, the average market price in Henan was 7,850 RMB/ton, unchanged from the average price of 7,850 RMB/ton on July 16, and up 2.61% compared with the same period last year.
Analysis review
In the second half of July, the price of cryolite continued to be stable, and the manufacturer's quotation was firm and stable. The upstream construction of cryolite was low, the price was high, the raw material support was stronger, the production of cryolite enterprises was under pressure, the manufacturer's inventory was rational, the downstream was more resistant to the high price, the market purchase followed up as required, and the cryolite market was wait-and-see. As of July 31, the ex factory quotation of cryolite in Shandong Province was 7,000-8,600 RMB/ton; The ex factory quotation of cryolite in Henan was 7,200-8,900 RMB/ton.
The upstream fluorite market slightly decreased, with an average market price of 3,056.25 RMB/ton as of July 31, a decrease of 0.20% compared to the price of 3,062.50 RMB/ton on July 16. The operating rate of fluorite enterprises remained stable, and the spot supply was normal. Mining enterprises were facing safety and environmental requirements, making it difficult to improve the operation of fluorite mines. The downstream hydrofluoric acid market was sluggish, and procurement followed up on demand. The price of fluorite was stable and declining.
The downstream aluminum market was fluctuating, with aluminum prices around 18,376.67 RMB/ton on July 31, a decrease of 0.23% compared to the price of 18,530.00 RMB/ton on July 16. Downstream consumption continued the off-season, with low operating rates and limited demand overall. Recently, the market trading atmosphere was weaker, the destocking was average and aluminum prices were weaker.
Market outlook
Raw material starts were low, upstream support was maintained, cryolite enterprises had no pressure on inventory, maintained active shipment, downstream parties followed up as needed, the market trading atmosphere was fair, market supply and demand were relatively balanced, it is expected that cryolite market will wait and see later, and the future market should specifically focus on the changes in manufacturers' inventory.
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