SunSirs: The Price of Cryolite Continued to Rise in September

　　Price trend

　　According to data from SunSirs’bulk list, the price trend of cryolite market continued to rise in September. The average market price at the end of the month was 6,575 RMB/ton, an increase of 1.54% from the price of 6,475 RMB/ton at the beginning of the month, and a year-on-year increase of 16.03%.

　　Analysis review

　　In September, the cryolite market in Henan was adjusted upwards, the upstream raw materials were tight, and the company’s inventory was tight. During the month, companies adjusted their prices according to their own shipments, and the cryolite prices continued to rise. In terms of installations, domestic cryolite enterprises were operating normally this month, with stable start-ups. The production capacity of manufacturers in Henan was low, the inventory was tight, the quotation of cryolite was high, and the downstream demand was acceptable. The company sold on an order-by-order basis, and the actual transaction price was flexible. As of the 30th, the ex-factory price of cryolite in Henan was 6,500-6,800 RMB/ton, an increase of 200 RMB/ton from the previous month; the ex-factory price in Shandong was increased by 200 RMB/ton, and the quotation was around 6,700 RMB/ton, which was mainly based on negotiation.

　　On the upstream side, the domestic fluorite market remained stable. On September 30, the average price of fluorite was 2,666.67 RMB/ton, a slight increase of 0.42% within the month. Due to the impact of environmental protection, mines were under-operating, and the price of fluorite rose slightly due to the continuous increase in refrigerant prices. The market demand was weak, the fluorite trading situation was general, and the market had no good news released. It was expected that the market would wait and see in the later period.

　　The downstream aluminum industry fluctuated at a high level in September. Affected by the dual control of energy consumption, production capacity was reduced and supply was tight. Domestic demand was out of the off-season. Demand for industrial materials such as photovoltaics and automobiles had maintained growth, which had continued to be positive for aluminum prices. Under the market game, the market outlook would continue to fluctuate at a high level.

　　Market outlook

　　The cryolite market supply was tight, the downstream demand was acceptable, the company’s quotation was strong, the mentality in the market was mainly wait-and-see, and the raw materials were tight, and there was no possibility of short-term price reduction. It was expected that the cryolite market would temporarily stabilize in the later stage and would be mainly wait-and-see.