Price Trend

According to the data of business associations, the price trend of cryolite market was stable this week, and the average price of cryolite market was stable at about 6333.33 yuan/ton during the week, down 1.55% from the same period last year. The Cryolite Commodity Index on September 20 was 76.92, unchanged from yesterday, down 24.00% from the cyclical peak of 101.21 points (2011-10-31), and up 15.93% from the lowest point of 66.35 on September 05, 2016. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: Cryolite prices have been running steadily this week, and there is no obvious price adjustment for manufacturers. As of the 20th, Zibo Kunyu Industry and Trade Cryolite quoted 6500 yuan/ton; Changshu Hongjiafu Co., Ltd. Cryolite quoted 7200 yuan/ton; Jiaozuo Civilian Benefit Industrial Cryolite quoted 7000 yuan/ton; Zhengzhou Tianrui Cryolite quoted 6500 yuan/ton; Shandong Botao Group Co., Ltd. Cryolite quoted 7000 yuan/ton, the enterprise shipped smoothly. The deal is still acceptable.

Industry chain: This week, the price of fluorite in the upstream of cryolite slightly declined. At the beginning of the week, the average price in the domestic market was about 2888.89 yuan/ton. At the weekend, the average price in the domestic market was about 2877.78 yuan/ton, a decline of 0.38%, an increase of 7.41% over the previous year. The price trend of fluorite in the upstream continued to decline, mainly due to the imbalance between domestic supply and demand. In recent years, the demand for fluorite in the downstream hydrofluoric acid and refrigerant industries has declined. At the end of the peak season of the refrigerant industry, the market of fluorite on-site is poor. In addition, the operating rate of fluorite devices on-site remains high, but the downstream demand situation is general. The spot supply of fluorite is sufficient, and the price of fluorite in the site has a downward trend. For downstream electrolytic aluminium, this week’s price trend slightly declined, with the price remaining at about 14413.33 yuan/ton at the beginning of the week and 14296.67 yuan/ton at the end of the week, with the price falling by 0.81% in the week.

According to the price monitoring of business associations, in the 37 weeks of 2019 (9.16-9.20), 41 commodities rose annually in the chemical sector, of which 11 commodities increased by more than 5%, accounting for 13.1% of the monitored commodities in the sector; the first three commodities increased were hydrochloric acid (157.14%), caustic soda (18.47%) and acetone (13.86%). There are 17 kinds of commodities with a decline of more than 5%, accounting for 1.2% of the monitored commodities in this sector. The products with the first three declines are dichloromethane (-5.19%), trichloromethane (-4.17%) and sulfuric acid (-2.98%). This week’s average rise and fall was 3.64%.

3. Future Market Forecast

Analysts of cryolite products from business associations believe that the current multi-dimensional and stable quotations from cryolite manufacturers are the main ones. The equipment is running normally, the stock is sufficient, and the shipment is acceptable. The market of cryolite is expected to operate steadily in the later period, with specific attention to market demand.