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Aluminium Fluoride Prices Continued to Rise in November amid Low Operating Rates

iconDec 15, 2021 14:34
Source:SMM
The prices of aluminium fluoride continued to rise in November. The supply did not increase significantly, while some aluminium smelters started to restock raw materials for winter.

SHANGHAI, Dec 15 (SMM) - The prices of aluminium fluoride continued to rise in November. The supply did not increase significantly, while some aluminium smelters started to restock raw materials for winter. The domestic holders of aluminium fluoride raised the quotations. The average SMM monthly aluminium fluoride price stood at 12,500 yuan/mt as of the end of November, up 1,000 yuan/mt from the beginning of the month. The purchasing prices of domestic major aluminium smelters stood at 11,000-11,500 yuan/mt.

Supply: The supply of aluminium fluoride was largely unchanged in November. The large factories in Henan, Ningxia were still producing hydrofluoric acid, while the production lines under technical upgrade in Jiangxi were not resumed yet. The major plants in Hunan and Guangxi maintained the single-line production.

Cost: The prices of fluorite powder maintained a steady upward trend during the month, but the prices of aluminium hydroxide and sulphuric acid fell, which expanded the overall profit margins. The profit of aluminium fluoride producers stood at 2,500 yuan/mt.

Market outlook: The major aluminium plants raised the purchasing prices further. Chinalco’s purchasing price was lifted by 1,500 yuan/mt to 12,500 yuan/mt as of the time of this writing, which pushed up the profits of aluminium fluoride production and drove up the operating rates accordingly. However, some leading manufacturers switched to produce other high-end fluorine chemical products, so the overall supply in the industry did not increase significantly. The prices of fluorite power continue to rise in December, providing strong cost support for aluminium fluoride. The prices of aluminium fluoride are expected to keep rising in December.

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