Wait and see sorting of cryolite market this week (1.15-1.21)

Price trend

 

Gamma Polyglutamic Acid

According to the price monitoring of business agency, the price trend of cryolite in Henan decreased slightly this week. On January 21, the average market price in Henan was 7287.50 yuan / ton, a month on month decrease of 0.17% and a year-on-year increase of 21.97%.

 

quotations analysis

 

The domestic cryolite market was sorted out at a high level. During the week, the quotations of enterprises in Henan and Shandong were mainly stable, and individual enterprises decreased slightly according to their own shipments. At present, the supply of cost raw materials is basically stable, which has little impact on cryolite enterprises. Affected by the heating in northern winter, the manufacturer’s limited production and output are reduced, and the price continues to operate at a high level. The field operators hold a wait-and-see attitude towards the future market. As of January 21, the ex factory quotation of cryolite in Shandong is 7000-7600 yuan / ton, and that in Henan is 6700-8700 yuan / ton.

 

gamma polyglutamic acid agriculture grade

The price trend of upstream soda ash decreased this week. As of January 21, the average market price was about 2187.50 yuan / ton, and the price decreased by 50 yuan / ton during the week, a decrease of 2.23%. This week, soda ash operated weakly, and soda ash manufacturers actively shipped near the Spring Festival, but the actual transaction was limited, the downstream demand was general, just needed to buy, and the market trading atmosphere was weak.

 

Downstream, the aluminum market fluctuated and rose. On January 21, the aluminum price was 21370.00 yuan / ton, an increase of 0.90% during the week compared with the price of 21180.00 yuan / ton at the end of last week. Near the Spring Festival, the cyclical accumulation effect before and after the festival tests the market tolerance. Recently, the aluminum price trend is good, the social destocking situation is OK, the supply and demand side is improved, and the aluminum price market is strong.

 

Future forecast

 

The domestic cryolite market operates at a high level, and the current situation of limited production of enterprises affected by heating in winter still exists. The downstream needs to purchase near the Spring Festival holiday. The on-site operators are waiting and watching. It is expected that the short-term cryolite trend will continue to operate stably temporarily, and pay attention to the downstream demand.

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