Price trend in October
According to the monitoring of the bulk list data of the business community, the price of cryolite rose slightly in October. On October 31, the average market price in Henan was 7875 yuan/ton, 1.29% higher than the price of 7775 yuan/ton at the beginning of the month, and 12.50% higher than that of last year.
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In October, the domestic cryolite market was put into operation, and the quotation of cryolite enterprises was slightly raised in the month, mainly because the raw material end factories started at a low level, the supply of goods in the market was tight, the production pressure of cryolite enterprises increased, the on-site devices operated at low loads, the enterprise inventory was tight, the downstream follow-up on the purchase of high priced cryolite was weak, the enterprise shipment was not good, mainly based on demand, the market supply and demand were frozen, the industry was wait-and-see, and the cryolite market was high and firm.
Upstream and downstream market analysis
On the upstream side, the domestic price of fluorite has risen sharply. Due to safety and environmental protection requirements, the raw ore is under construction, the fluorite raw materials are scarce, and the processing cost is under pressure. The fluorite plant starts at a low level, and the price has risen sharply. The average price of fluorite at the end of the month is 3156.25 yuan/ton, up 11.73% compared with the price at the beginning of the month of 2825.00 yuan/ton. From the perspective of supply and demand, the raw ore is tight, and the downstream follows up on demand. It is expected that the price of fluorite will continue to rise in the short term.
The downstream aluminum market fluctuated in October. At the end of the month, the average price of domestic aluminum ingots in East China market was 18023.33 yuan/ton, 1.82% lower than the average market price of 18356.67 yuan/ton at the beginning of the month. Electrolytic aluminum enterprises started to resume, and the demand for electrolytic aluminum recovered slightly under the background of Jinjiuyinshi market, but the demand growth was slow under the macroeconomic weakness, and the downstream support was insufficient, and the aluminum market in the future fluctuated.
Future market forecast
At present, the cryolite price remains stable at a high level, the low level of raw material commencement continues to be tight, the downstream demand is weak, the market just needs to buy, the market trading atmosphere is general, the short-term market supply and demand are deadlocked, and the cryolite price remains at a high level.
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