Market wait and see, cryolite market remains stable

On September 29, the cryolite commodity index was 68.83, flat with yesterday, down 31.99% from 101.21 (2011-10-31), and 3.74% higher than 66.35, the lowest point on September 05, 2016. (Note: period refers to 2011-09-01 to now)

 

Gamma PGA

According to the data from the business club’s bulk list, the price trend of domestic cryolite market is stable. The average price of cryolite in Henan is 5666.67 yuan / ton, down 10.29% compared with last year. At present, the ex factory price of cryolite in Henan Province is 4800-6200 yuan / ton, and that in Shandong Province is 5200-6800 yuan / ton. The manufacturers start normal equipment, have sufficient inventory, and the downstream demand is general, so they purchase on demand. The enterprises hold a wait-and-see attitude.

 

On the upstream side, the price of fluorite remained stable, with an average price of 2666.67 yuan / ton in the domestic market. The domestic fluorite manufacturers operated normally and the sales situation was general. In the near future, the supply of fluorite in the market was slightly tight, and the fluorite price might rise slightly in the later stage. In terms of downstream aluminum industry, the price of electrolytic aluminum has rebounded and social inventory has moved down, but the phenomenon of market oversupply still exists, and the demand performance is not as expected by the market, and the aluminum industry may be consolidated in the later stage.

 

Cryolite product analysts of business agency believe that: cryolite manufacturers’ devices operate normally, supply is sufficient, manufacturers’ quotation is mainly stable, downstream electrolytic aluminum market consolidation operation, insufficient demand, driving the cryolite market is not big, it is expected that the cryolite market will be weak and stable in the later stage, and the specific attention should be paid to the market demand.

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