SunSirs: Cryolite Prices Rose Slightly This Week (August 7-13)

Price trend

According to data from SunSirs’ bulk list, the price of cryolite in Henan increased slightly this week. The average market price in Henan on August 13 was 6,425 RMB/ton, which was an increase of 25 RMB/ton from the 6,400 RMB/ton quotation on August 7. The increase was 0.39% compared to the price on last weekend.

Analysis review

The cryolite market was running steadily this week. Companies had sufficient inventory, and their quotations were the same as last week’s prices. Individual companies had low production capacity and tight raw materials, the quotations rose slightly. During the week, cryolite manufacturers in various regions adjusted their quotations according to their own production and sales. As of the 13th, the ex-factory price of cryolite in Shandong was 6,300-6,500 RMB/ton, and the price remained stable during the week; the ex-factory price of cryolite in Henan was 6,300-6,600 RMB/ton, the price was raised by 100 RMB/ton. Domestic cryolite enterprises were operating normally with stable start-ups, enterprise inventories were acceptable, and the market supply was tight. At present, cryolite prices are high, and actual transactions are mainly negotiated, and shipments are stable.

For electrolytic aluminum, the price trend this week first fell and then rose, with an overall increase of 0.65% during the week. At present, the aluminum industry is in the off-season and the demand is small, but the social inventory is low, which supports aluminum prices. The market game forms a stable shock range. In the short term, the price fluctuation is not large, and the aluminum market trend fluctuates slightly in the later period.

Market outlook

At present, cryolite manufacturers’ devices are operating normally, and companies’ quotations are mainly high, downstream demand is stable, and the company’s shipments are stable. Manufacturers continue to wait and see, cryolite prices are firm in the short-term, and companies have no intention to adjust prices for the time being. It is expected that the cryolite market will run stably in the later period, with specific attention to downstream demand.