The price of aluminum fluoride increased significantly in October
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According to the Commodity Market Analysis System of the Business Society, as of October 30th, the domestic quotation for aluminum fluoride was 11575 yuan/ton, an increase of 14.04% compared to the price of aluminum fluoride on October 1st, which was 10150 yuan/ton. Cost support, demand recovery, and fluctuating prices of aluminum fluoride in October.
The price of fluorite rose sharply in October and slightly declined
According to the Commodity Market Analysis System of the Business Society, as of October 30th, the price of fluorite was 3762.50 yuan/ton, an increase of 5.99% compared to the price of fluorite on October 1st, which was 3550 yuan/ton. Environmental safety inspections, combined with the impact of accidents at some fluorite mines, have resulted in poor operation of fluorite mines, tight supply of fluorite ore, and an increase in fluorite prices. In mid to late October, the high price of fluorite fell, cost support weakened, and support for the rise of aluminum fluoride weakened.
The price of hydrofluoric acid stabilized after rising in October
According to the Commodity Market Analysis System of the Business Society, as of October 30th, the price of hydrofluoric acid was 11500 yuan/ton, an increase of 8.66% compared to the price of hydrofluoric acid on October 1st, which was 10583.33 yuan/ton. Some hydrofluoric acid enterprises are still in shutdown, with hydrofluoric acid production starting at around 60%. There is little change in the spot supply of hydrofluoric acid, and the market for hydrofluoric acid is stagnant. The price of hydrofluoric acid has increased and then stabilized. In mid to late October, the price of hydrofluoric acid stabilized at a high level, and cost support weakened. However, there is still support for the rise of aluminum fluoride.
Ice crystal prices fell from their high point in October
According to the Commodity Market Analysis System of the Business Society, as of October 30th, the price of cryolite was 7775 yuan/ton, a decrease of 1.27% compared to the price of 7875 yuan/ton on October 1st. The cryolite market remains stable at a high level, and manufacturers’ quotations are firm and operating. Upstream product supply is tight, prices are rising at high levels, and the cost pressure on cryolite is increasing. The market mentality is bullish, but downstream power is insufficient, and there is a strong resistance towards high priced cryolite. Downstream customers follow up on demand, and cryolite prices have fallen from high levels, with insufficient support for the rise of aluminum fluoride.
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Electrolytic aluminum prices fluctuated and fell in October
According to the Commodity Market Analysis System of the Business Society, as of October 30th, the price of electrolytic aluminum was 19163.33 yuan/ton, a decrease of 3.49% compared to the price of electrolytic aluminum on October 1st, which was 19856.67 yuan/ton. The peak season in October was not prosperous, and the operating rate of domestic aluminum downstream processing leading enterprises decreased by 2.7 percentage points compared to the same period last year. The demand for electrolytic aluminum was poor, and the downstream demand for aluminum fluoride was weak. The support for the rise of aluminum fluoride was weakened.
Market Overview and Forecast
Analysts from the fluoride aluminum industry at Business Society believe that in October, hydrofluoric acid fluctuated and rose, leading to a significant increase in fluorite prices and an increase in the cost of fluoride aluminum; In the latter half of the year, the price of fluorite fell from its high point, while the price of hydrofluoric acid fell from its high point. Cryolite has fallen from high levels, electrolytic aluminum has fluctuated and fallen, and demand for aluminum fluoride has decreased. Overall, the cost support for aluminum fluoride raw materials has weakened, and downstream demand is weak. There is insufficient support for the rise of aluminum fluoride, and it is expected that aluminum fluoride prices will fluctuate and consolidate in the future.
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