Price trend in March

According to the data monitoring of the bulk list of business society, cryolite was sorted upward in March, and the price trend increased continuously. On March 31, the average market price in Henan was 7550 yuan / ton, an increase of 300 yuan / ton compared with 7250 yuan / ton at the beginning of the month, a decrease of 4.14% during the month and a year-on-year increase of 17.97%.

In March, the domestic cryolite market was sorted out on a wait-and-see basis. The cryolite raw materials were tight, the manufacturer’s productivity was reduced, the inventory was ok, the market supply was small, and the market situation was strong. In addition, due to the restrictions of environmental protection policies, enterprises switched from coal to natural gas. Due to the influence of the current international situation, the natural gas price was high, the enterprise cost was increased, and the market quotation was increased. As of the 31st, the ex factory price of cryolite in Henan was 7500-8500 yuan / ton, and the lowest price was 700 yuan / ton higher than that of the previous month; The ex factory quotation in Shandong is about 7600 yuan / ton, which is the same month on month and the actual transaction price

Upstream and downstream market analysis

On the upstream side, the domestic soda ash market is waiting and finishing. On March 30, the average price of soda ash was 2587.5 yuan / ton, a decrease of 1.43% compared with 2625 yuan / ton at the beginning of the month. During the month, the price of soda ash was stable and small, the market trading atmosphere was general, the downstream purchase was cautious, and the purchase was mainly based on demand. The decline of soda ash inventory was not obvious, and the manufacturer maintained the reduction of shipping quotation.

The downstream aluminum price first fell and then rose in March. On March 30, the average price of domestic aluminum ingots in East China market was 22740 yuan / ton, up 0.80% from 22560 yuan / ton at the beginning of the month. The early stage coincided with the traditional off-season. The downstream operating rate was relatively weak and the market demand was weak. However, the domestic mainstream social inventory continued to accumulate, and the aluminum price decreased significantly. In the later stage, the downstream consumer demand gradually recovered, the operating rate of aluminum sections, aluminum plates, strips and foils rebounded, the demand for aluminum increased, and the aluminum price was sorted upward. On the whole, the supply and demand game was dominated, and the market fluctuated.

Future forecast

At present, the market situation of cryolite is mainly on the sidelines. The operating rate of enterprises is not high, there is no pressure on inventory, the market supply is tight, and the downstream demand is stable. It is expected that the cryolite market will be consolidated and operated in the later stage, and the price will be stable temporarily.