Price trend in May
| Gamma Polyglutamic Acid |
According to the Commodity Market Analysis System of the Business Society, the price trend of cryolite in May remained stable and increased. As of May 31st, the average market price in Henan Province was 7850 yuan/ton, an increase of 25 yuan/ton compared to the initial price of 7825 yuan/ton, an increase of 0.32%.
In May, the domestic cryolite market was observed and sorted out. During the month, the prices of cryolite enterprises remained stable and there were slight fluctuations. Some enterprises in Henan region slightly increased their prices based on their own shipment situation. The prices of raw materials continued to be high, and upstream cost support was good. The production of cryolite enterprises was under pressure, and the market quotation was stabilizing. The enthusiasm for downstream market entry on the demand side was average, and the demand for goods was followed up according to demand. The shipment of cryolite enterprises was acceptable, and the market situation was mainly on a wait-and-see basis.
Analysis of upstream and downstream market conditions
On the upstream side, the domestic fluorite market slightly increased in May, with low operating rates of mining enterprises and tight spot performance of fluorite. The price of fluorite remained high, while the demand side hydrofluoric acid market declined, which had a negative impact on the fluorite market. The price increase of fluorite was limited, and as of the end of the month, the average price of fluorite was 3143.75 yuan/ton, an increase of 2.24% compared to the beginning price of 3075.00 yuan/ton.
| Gamma Polyglutamic acid food grade |
The downstream aluminum market fluctuated widely in May, with an average price of 18290.00 yuan/ton in the East China market for domestic aluminum ingots at the end of the month, a decrease of 1.08% compared to the average price of 18490.00 yuan/ton at the beginning of the month. In May, there was a significant reduction in electrolytic aluminum inventory, resulting in poor end market consumption, while domestic aluminum production increased. Under the supply and demand game, the aluminum market fluctuated and operated.
Future Market Forecast
The equipment of the cryolite enterprise is operating normally, with tight raw materials and good cost support. The cryolite enterprise is actively shipping, and downstream demand is average. Purchasing in the market is mainly based on demand, with insufficient demand benefits. Under the supply and demand game, it is expected that the cryolite market will remain stagnant in the future.
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