Price trend in January

According to the monitoring of the bulk list data of the business agency, the price of cryolite rose slightly in January. On January 31, the average market price in Henan was 7975 yuan/ton, up 0.31% from the price of 7950 yuan/ton at the beginning of the month, up 9.25% year on year.

In January, the domestic cryolite market rose steadily, and the prices of cryolite enterprises were mostly stable during the month. Some enterprises increased slightly according to their own shipments after the festival. The upstream start was still low, the raw material supply was tight, the cryolite enterprises were limited to start, the utilization rate of production capacity in the field was low, the cryolite market price remained high, and the downstream side remained just in need of follow-up. The cryolite enterprises shipped on demand, and the market supply and demand performance remained stagnant, Cryolite market is on the sidelines.

Upstream and downstream market analysis

On the upstream side, the domestic fluorite market declined in January. Due to the requirements of safety and environmental protection, the operating rate of mining enterprises was low, the operating performance of fluorite mines was insufficient, and the supply of fluorite was reduced. However, due to the sufficient stock in the downstream, the demand enthusiasm was weakened, and the market price of fluorite was lower. At the end of the month, the average price of fluorite was 3162.50 yuan/ton, which was 4.17% lower than the price of 3300.00 yuan/ton at the beginning of the month.

The market of the downstream aluminum market consolidated in January. At the end of the month, the average price of domestic aluminum ingots in the East China market was 18726.67 yuan/ton, up 0.16% from the average price of 18696.67 yuan/ton at the beginning of the month. At the beginning of the month, aluminum ingots experienced four consecutive falls, and then went up all the way. At the end of the month, two consecutive falls returned to the price near the beginning of the year.

Aftermarket forecast

The support of cryolite raw materials is good, the enterprise quotation remains high, the downstream side purchases as needed, and the market supply and demand are relatively balanced. The cryolite manufacturers mostly maintain a wait-and-see attitude, and adjust the quotation according to the shipment situation. It is expected that the cryolite market will operate steadily at a high level in the future.