According to the commodity market analysis system of Shengyishe, the price of cryolite in Henan Province fell in late January. On January 30th, the average market price in Henan Province was 7625 yuan/ton, a decrease of 125 yuan/ton compared to the average price of 7750 yuan/ton on January 21st, a decrease of 1.61%.

In late January, the ice crystal market situation was adjusted downwards, and enterprise prices slightly decreased. The continuous decline in upstream raw material prices has a negative impact on the cryolite market. Some cryolite enterprises have lowered their quotations, but due to increasingly strict safety and environmental requirements in the upstream, the difficulty of operating fluorite mines has increased, and spot prices continue to be tight. The overall price is still at a high level in the fluorite industry, which still has a certain cost pressure on the cryolite industry. Most cryolite manufacturers have a strong cost impact on their quotations, At the same time, the downstream market has not followed up well on high priced ice crystals, and the trading atmosphere on the market is weak. Under the game of supply and demand, the ice crystal market is deadlocked and running smoothly. As of January 30th, the ex factory quotation for cryolite in Shandong region is 7000-8600 yuan/ton; The ex factory quotation for cryolite in Henan region is between 7200-8200 yuan/ton, with a price reduction of 500 yuan/ton within the range.

The upstream fluorite market has slightly decreased, with an average market price of 3343.75 yuan/ton on January 30th, a decrease of 0.56% compared to the price of 3362.50 yuan/ton on January 21st. As the Spring Festival holiday approaches, some fluorite companies have started to take a break, and their willingness to ship has increased. However, downstream procurement enthusiasm is not high, and purchasing follows up on demand. The fluorite market continues to decline, weakening support for cryolite costs.

Market forecast: Cryolite raw materials are tight and prices are high, providing cost support. Enterprise quotations are mainly firm, and some prices have been lowered. At the same time, there is resistance from downstream towards high prices, and purchasing in the market is weak. There is a certain sales pressure in the cryolite market, and we are watching upstream prices continue to decline. There are obvious bearish factors on the market, and it is expected that the cryolite market will continue to operate weakly in the later stage. In the future, we will pay attention to upstream price changes and downstream follow-up.