1、 Price trend

According to the data of the business club’s bulk list, the market price of cryolite this week was weak. The average market price in Henan was 5833.33 yuan / ton in the week, down 1.13% from Monday’s 5900.00 yuan / ton, down 8.38% from the same period last year..

2、 Market analysis

Products: according to statistics, the price trend of cryolite has been slightly reduced. As of the 27th, the factory price of cryolite in Shandong Province is about 6000-6950 yuan / ton; the factory price of cryolite in Henan Province is 4800-6700 yuan / ton, 200 yuan / ton lower than last week. At present, the operation of cryolite enterprises in Henan Province is normal, the inventory is sufficient, the quotation of manufacturers is mainly stable, and there is no obvious fluctuation. The upstream raw materials are in short supply, and the downstream demand is weak. Most of the manufacturers focus on digesting inventory, and the users purchase on demand. The stalemate pattern will continue, and the market has poor enthusiasm for trading. It is expected that the price of cryolite will be stable in the short term.

Industry chain: the price trend of fluorite in the upstream of this week slightly declined. The average price in the domestic market at the weekend was 3355.56 yuan / ton, down 1.31% in the week. In recent years, the operation rate of fluorite plant in China has increased. The mine and flotation plant in the site have been resumed gradually. The supply of fluorite in the site has increased. Due to the increase of the supply of fluorite in the site, the price of fluorite has decreased slightly. In the downstream aluminum industry, the risk of excess capacity still exists, and the downstream consumption is not optimistic. The accumulation rate of electrolytic aluminum slowed down, and the cost support began to penetrate. The operation time of low aluminum price is continuous, and the scale of production reduction and maintenance capacity is on the rise. Aluminum prices rose this week, with the market average price at 11533.33 yuan / ton at the weekend, up 2.70% from 11230.00 yuan / ton at the beginning of the week.

3、 Future forecast

According to the cryolite product analyst of the business association, at present, the upstream electrolytic aluminum plant’s maintenance and production reduction due to the epidemic situation involves expansion of production capacity, reduction of purchase demand and strong willingness to reduce price. From the perspective of supply and demand performance of cryolite market, the manufacturer starts normal, has sufficient inventory, and the downstream side is inclined to purchase on demand. It is expected that the cryolite market will maintain stability temporarily in the later period, with specific attention to market demand.