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Home - News - The Cryolite Market Was Running Smoothly This Week (June 13-19)

The Cryolite Market Was Running Smoothly This Week (June 13-19)

June 23, 2022

Price trend

According to the price monitoring of SunSirs, the price of cryolite in Henan was stable this week. The average market price in Henan on June 19 was 7,600 RMB/ton, which was consistent with the quotation at the beginning of the week, and the price was unchanged from the previous month.

Analysis review

This week, the cryolite market continued to wait and see. The quotations of the main enterprises in Henan remain unchanged from last week. At present, the price of raw materials is high, the cost of coal, natural gas and other fuels used in the production and processing of enterprises is high, and the production pressure of manufacturers is relatively high, which leads to tight production and inventory of enterprises, and the quotation of cryolite is high and firm. The downstream demand is stable, the company's shipments are smooth, and the overall market supply and demand is balanced, and the industry's mentality is mainly wait-and-see. As of June 19, the ex-factory price of cryolite in Shandong was 8,000 RMB/ton, and the ex-factory price of cryolite in Henan was 7,000-8,600 RMB/ton, and the price in the range remained unchanged.

Upstream soda ash was consolidating at a high level. As of June 19, the average market price was about 2,920 RMB/ton, and the price increased by 0.34% during the week. This week, the soda ash market was on a wait-and-see basis. The downstream continued to purchase on-demand, and there was resistance to high-priced soda ash. Manufacturers were flexible in their shipments and the overall trading atmosphere is acceptable. The market outlook will focus on downstream demand specifically.

On the downstream side, the aluminum market fluctuated downwards this week. On June 19, the aluminum price was around 19,919 RMB/ton, down 0.98% within the week. The downstream demand was weak, the aluminum social inventory was accumulated, the terminal industry was in off-season, the consumer demand was low, and there was less good news in the market. The aluminum market was in a downward trend. In the short term, the market is still consolidated to be weak.

Market outlook

The cost of domestic cryolite manufacturers is relatively high. Although the company's installations are operating normally, the inventory is low, and the downstream purchasing demand is stable. The manufacturers have a good trading atmosphere and smooth shipments, which support the high operation of cryolite prices. The industry's mentality is mainly wait-and-see. The market outlook for cryolite is sorted at a high level.