Price trend
According to the price monitoring of business agency, the price trend of cryolite in Henan this week was stable. On April 29, the average market price in Henan was 7650 yuan / ton, which was flat compared with that at the end of last week, with a month-on-month increase of 1.32%.
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quotations analysis
During the week, the cryolite market operated on a wait-and-see basis. The quotation of the main enterprises in Henan Province was stable. Affected by public health events, the logistics and transportation on the site were blocked, and the freight increased. In addition, the cryolite manufacturers had high production cost pressure, low inventory, high enterprise quotation, stable follow-up of downstream demand, strong wait-and-see mentality of operators, and the cryolite market operated smoothly. As of April 29, the ex factory quotation of cryolite in Shandong is 7000-7600 yuan / ton, and the ex factory quotation of cryolite in Henan is 7000-8600 yuan / ton. The price remains unchanged during the week.
The upstream soda ash was sorted upward. As of April 29, the average market price was about 2687.50 yuan / ton. This week, the soda ash price rose slightly, the market situation was stable and small, the trading atmosphere was mild, the downstream mainly purchased on demand, the manufacturers shipped flexibly, and the market transaction price increased.
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Downstream, the aluminum market fluctuated and decreased this week. On April 29, the aluminum price was 20826.67 yuan / ton, down 8.41% from the beginning of the month. Affected by the expected impact of the interest rate hike policy in the peripheral market due to public health events, bulk commodities generally moved downward, superimposed with the obstruction of logistics and transportation, the difficulty of enterprise shipment, the reduction of weekly outbound volume, the accumulation of aluminum social inventory and the decline of aluminum market.
Future forecast
Domestic cryolite manufacturers have high production costs, low enterprise inventory, tight market supply, high freight in logistics, high quotation of on-site operators, stable downstream demand and favorable support. The cryolite market operates firmly. It is expected that the cryolite market will continue to be adjusted at a high level, and pay specific attention to the downstream demand.
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