According to the commodity market analysis system of Business Society, the price of cryolite remained stable in April. On April 30th, the average market price in Henan Province was 7550 yuan/ton, which remained stable compared to the initial price of 7550 yuan/ton. The price decreased by 1.95% compared to the beginning of the month.

In April, the domestic ice crystal market remained stable and cautious, with major ice crystal enterprises experiencing significant fluctuations in their quotations. The strong rise in raw material prices in April has increased the cost pressure on the cryolite market. Most companies have offered firm and stable prices, while some companies have been affected by demand, resulting in poor factory shipments and a slight decrease in cryolite prices. Although upstream prices continue to rise, due to strong resistance towards high priced ice crystals in the downstream market and limited trading, the downstream market is mostly bearish, suppressing the rise in ice crystal prices. Therefore, most ice crystal manufacturers remain stable in their quotations despite strong raw material prices.

The upstream fluorite market rose strongly in April. As of April 30th, the average price of fluorite was 3675.00 yuan/ton, an increase of 5.38% compared to the beginning of the month price of 3487.50 yuan/ton. The game situation in the domestic fluorite industry still exists, with upstream mining being tight and backward mines continuing to be phased out. In terms of new mines, the progress of resuming work and production in the fluorite market is slow. In addition, recent national departments have issued price inquiries to rectify fluorite mines, and some mines have undergone safety hazard inspections. The shortage of raw materials has limited the operation of fluorite enterprises, and the supply of goods on site is tight, resulting in a continuous increase in fluorite prices.

Market forecast: In the near future, the price of ice crystal raw materials has been strong and rising, and the cost of ice crystal is under great pressure. The market mentality has a positive impact, and downstream demand is average. Ice crystal prices are relatively resistant, and the market trading atmosphere is relatively light. However, facing the continuous rise of upstream prices, ice crystal enterprises may face pressure to increase. It is expected that the ice crystal market will remain stagnant and consolidate in the later stage, and prices may slightly rise. In the future, attention will be paid to upstream price changes and downstream follow-up.