SunSirs: Aluminum Fluoride Continued to Rise on October 19
The price of aluminum fluoride rose on October 19
According to the data of SunSirs, the price of domestic aluminum fluoride was 11,000.00 RMB/ton on October 19, an increase of 8.91% from the price of 10,100.00 RMB/ton on October 1 at the beginning of the month; the trend of aluminum fluoride continued to rise.
Overview of industry chain market
According to the monitoring of SunSirs, the market for fluorite and hydrofluoric acid rose in October, and the cost of aluminum fluoride rose; the rising trend of aluminum fluoride stabilized on the 19th, and the rising momentum of aluminum fluoride weakened.
According to the monitoring of SunSirs, the price of electrolytic aluminum fluctuated to rise at a high level in October. On October 18, the aluminum commodity index was 134.77, an increase of 2.59 points from previous day, a record high in the cycle, and an increase of 148.56% from the lowest point of 54.22 on November 24, 2015. (Note: Period refers to 2011-09-01 to present). Aluminum prices hit new highs, and demand for aluminum fluoride remained strong.
Market summary and forecast
The aluminum fluoride industry analyst of SunSirs believes that: Recently, the rising trend of aluminum fluoride costs has slowed down, and the driving force for the rise of aluminum fluoride has weakened. Aluminum prices hit a new high and demand for aluminum fluoride is at a high level. With the intensification of power cuts, aluminum fluoride enterprises have started to decline slightly, and the supply of aluminum fluoride has decreased. It is expected that the upward momentum of aluminum fluoride will remain in the future, and the price of aluminum fluoride will fluctuate to rise slightly.