According to the commodity market analysis system of Business Society, the price of cryolite in Henan Province has been lowered this week. On March 24th, the average market price in Henan Province was 7550 yuan/ton, a decrease of 50 yuan/ton compared to the average price of 7600 yuan/ton on March 18th, a decrease of 0.66%, and a month on month decrease of 0.98%.

This week, the ice crystal market has been consolidating and declining, and enterprise ice crystal quotations have been lowered. Upstream raw material fluorite mines face difficulties in starting production, and fluorite enterprises have tight spot prices. However, prices are still at a relatively high level in the fluorite industry, which still has an impact on the cost pressure of cryolite. Most cryolite manufacturers mainly offer stable prices, while some enterprises have reduced their actual transaction prices to promote shipments and downstream resistance to high priced cryolite. The market has a strong wait-and-see atmosphere, and downstream enterprises follow up on demand, and the cryolite market is observing and consolidating. As of March 24th, the ex factory quotation for cryolite in Shandong region is 7000-8500 yuan/ton, with a price reduction of 100 yuan/ton in the range; The ex factory quotation for cryolite in Henan region is between 7200-8000 yuan/ton, with a price reduction of 200 yuan/ton in the range.

The upstream fluorite market has slightly increased, with an average market price of 3375.00 yuan/ton on March 24th, an increase of 0.56% compared to the price of 3356.25 yuan/ton on March 18th. The game situation in the domestic fluorite industry still exists, with low operating rates among enterprises. At the same time, fluorite mining enterprises are facing safety and environmental requirements, making it more difficult to operate. The shortage of raw materials has limited the operation of fluorite enterprises. Downstream parties follow up as needed, and the market trading atmosphere has slightly improved. The fluorite price market has been sorted and operated.

Market forecast: The supply of ice crystal raw materials is tight, and the cost of ice crystal is high. Recently, the price of raw materials has increased, which has a positive impact on the market mentality. However, downstream procurement is limited, and demand support is insufficient. The market atmosphere is cautious. Under the supply-demand game, it is expected that the ice crystal market will temporarily stabilize in the later stage. In the future, attention will be paid to upstream price changes and downstream follow-up.