SunSirs: The Price of Aluminum Fluoride Slightly Increased in May

https://www.chemnet.com   Jun 06,2024 SunSirs

The price of aluminum fluoride slightly increased in May

According to the Commodity Market Analysis System of SunSirs, as of May 31, the domestic quotation for aluminum fluoride was 11,000 RMB/ton, an increase of 75 RMB/ton or 0.69% compared to the price of aluminum fluoride on May 1, which was 10,925 RMB/ton. The raw material prices have stabilized at a high level, and the cost of aluminum fluoride was relatively good in May. Aluminum fluoride enterprises started operating steadily, and the market supply was sufficient. Downstream electrolytic aluminum started operating more, and the demand for aluminum fluoride was good. As a result, the price of aluminum fluoride remained stagnant and consolidated in May.

Raw material prices were consolidated at high levels

According to the Commodity Market Analysis System of SunSirs, as of May 31st, the average price of fluorite was 3,806.25 RMB/ton, an increase of 3.57% compared to the beginning of the month price of 3,675.00 RMB/ton. As of May 31st, the price of hydrofluoric acid was 11,620 RMB/ton, which was the same as the price of hydrofluoric acid on May 1st, which was 11,620 RMB/ton. The resumption of work and production at the fluorite mine in May was still slow, and the supply of fluorite on site continued to be tight. The fluorite market had strong support, and the price trend of fluorite continued to rise. In May, the overall domestic hydrofluoric acid price remained stable, with little change in on-site equipment operation. Some manufacturers of hydrofluoric acid had accumulated inventory, and there were still equipment shutdowns waiting for the market. The spot supply of hydrofluoric acid was normal, with anhydrous hydrofluoric acid operating at around 60%. The price trend of hydrofluoric acid in May first rose and then fell. The prices of fluorite and hydrofluoric acid were mainly high, while the cost of aluminum fluoride well supported, and the upward momentum of aluminum fluoride was increasing.

Electrolytic aluminum market fluctuated and rose

According to the Commodity Market Analysis System of SunSirs, as of May 31, the average price of aluminum ingots in the East China market in China was 21,256.67 RMB/ton, an increase of 3.49% compared to the aluminum price of 20,540.00 RMB/ton on May 1. The rapid increase in alumina prices had provided strong cost support for aluminum ingot prices; The favorable policies at the end of the month had boosted the price of aluminum ingots again, resulting in overall strong aluminum ingot prices and good demand for aluminum fluoride.

Market outlook

In terms of raw materials, the price of fluorite had risen, the market for hydrofluoric acid had stabilized at a high level, and cost support was still acceptable; In terms of demand, the trend of electrolytic aluminum was relatively strong, which supported the demand for aluminum fluoride positively. In the future, the cost of aluminum fluoride is high, and the aluminum fluoride market has sufficient supply and good demand. It is expected that the aluminum fluoride market will continue to operate to be stronger in the future, with slight price fluctuations. In the future, attention will be paid to upstream price changes and downstream follow-up.

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