According to the commodity market analysis system of Business Society, the price trend of cryolite in Henan region has been stable this week. As of May 31, the average market price in Henan region was 7550 yuan/ton, which is unchanged from the average price of 7550 yuan/ton on May 25. The price remained unchanged throughout the week.
This week, the ice crystal market remained stable and cautious, with no change in enterprise ice crystal quotations. The upstream price of fluorite has slightly increased, putting more pressure on the cost of cryolite. However, downstream parties continue to have resistance towards high priced cryolite, mainly entering the market according to demand, with limited market trading. Currently, the downstream market dominates, and there is a clear game on the market with insufficient transactions, which suppresses the rise of cryolite prices. cryolite manufacturers are mainly under pressure and remain stable. As of May 31st, the ex factory quotation for cryolite in Shandong region is 7000-8500 yuan/ton; The factory quotation for cryolite in Henan region is between 7200-8000 yuan/ton.
The upstream fluorite market is relatively strong, with an average market price of 3812.50 yuan/ton as of May 31, an increase of 0.16% compared to the price of 3806.25 yuan/ton on May 25. The game situation in the domestic fluorite industry still exists, with tension in upstream mining and the continued elimination of outdated mines. In terms of new mines, mineral investigation work is still difficult. Overall, the operating rate of enterprises remains low, and the supply of goods is tight. The price trend of fluorite continues to rise.
Market forecast: The upstream of cryolite will continue to remain strong, with pressure on cryolite production and favorable support for raw materials; Downstream resistance is strong, demand for purchasing is light, and ice crystal enterprises have poor shipments; The supply-demand game on the market is obvious, and the rise of ice crystals is weak. It is expected that the ice crystal market will remain stagnant in the later stage, and prices may rise slightly. In the future, attention will be paid to upstream price changes and downstream follow-up.
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