Cryolite Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Cryolite in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Cryolite Price Trend for the Second Half of 2023

Cryolite prices observed very short-ranged fluctuations during the second half of the year 2023. Cryolite prices averaged around 7850 RMB/MT in July in the Chinese (Henan) domestic market. These prices went to around 7700 RMB/MT in December’23, reflecting the confined nature of the market oscillations.

Cryolite Price Chart

Cryolite Price Trends and Forecast

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The primary factor keeping these prices within limited boundaries was the dull demand; since the market demands tottered at the lower end, the prices didn’t have much room to grow. Even though the feedstock aluminium oxide prices inched up during the later part of the final quarter, the feverish demands from the downstream steel and welding industries kept the cryolite prices in check.

Analyst Insight

According to Procurement Resource, given the current inventory situation, the cryolite price trend is likely to exude borderline stagnancy in the coming quarter as well. The difference of the supply and demand outlooks is likely to remain steady going forward as well.

Cryolite Price Trend for the First Half of 2023

Cryolite experienced mixed market sentiment in the discussed time frame. The market had a firm start at the beginning of Q1 as the downstream demands from the glass, metal, and other manufacturing sectors were high amidst moderate inventory presence. Hence, the prices showcased a firm rise in the first month; however, they stabilized going on to the second, as in February, a stable market dynamic was observed with little to no fluctuation in prices.

It was by the end of the first quarter that a decline in price trends for Cryolite was witnessed, as the downstream demands were driving the market trends. The demands didn’t grow beyond a point, but supplies kept pouring in, pushing the market into a downward-inclined position.

These trends continued in the second quarter, and the market went into a wait-and-see situation. It was by the end of Q2 in June’23 that some correction was observed in the Cryolite market owing to positive product movement. Overall, the market sentiments fluctuated throughout.

Analyst Insight

According to Procurement Resource, the Cryolite market is expected to remain anchored in the upcoming months as no drastic changes in the downstream demands are projected, given the current market fundamentals and overstocked inventories.

Procurement Resource provides latest prices of Cryolite. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Cryolite is a colourless white mineral with a pearly lustre and an ice-like appearance. It is softer but denser than quartz, with a refractive index similar to that of water. It is used in aluminium production, bonded abrasives, and glass and enamel industries and has many more applications.

Product Details

Report Features Details
Product Name Cryolite
Industrial Uses Production of alumina, as flux in aluminisation of steel, welding, additives in abrasives, glass and enamel industries, manufacture of insecticides
Chemical Formula Na3AlF6
HS Number 28263000
CAS Number 15096-52-3
Synonyms Sodium Hexafluoroaluminate
Molecular Weight 209.94 g/mol
Supplier Database Solvay, Fluorsid, Do-Fluoride Chemicals, Nantong Jinxing Fluorides Chemical, Jiangsu Xintai Material Technology, Shanghai Yixin Chemical, Jiangxi Qucheng Chemical, Triveni Chemical.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

Cryolite is produced from secondary aluminium dross. Secondary aluminium dross is first pretreated, or water washed, followed by a pyro-hydrometallurgical process to remove silicon impurities and extract the aluminium component, which further undergoes carbonation to give cryolite.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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