Global aluminum fluoride prices expected to move up
2017-08-30 08:40:28 [Print]
BEIJING (Asian Metal) 30 Aug 17 - Benefiting from lower cost, aluminum fluoride prices in the Middle East, Europe and Africa kept at low levels of USD900-1,000/t based on CIF term over the past eight months. However, prices are expected to move up by around USD100/t in Q4 and early next year due to fluorspar and aluminum hydroxide prices increase.
An aluminum fluoride consumer in the Middle East reported that they ordered around 5,500t of the material in Q3 at around USD950/t. “We usually purchase around 4,000t of the material each quarter,” said the source, who predicted that the price in Q4 might reach USD1,000/t and might improve close to USD1,040/t in the first quarter of next year.
According to the source, the purchase price in early 2017 was only around USD900/t. He explained that the global fluorspar and alumina prices may rise further after producers in China cut production.
Based on the consumption capacity of 50,000tpy, the consumer demands around 4,000t of the material per month now and holds stocks for consumption in ten days.
Another aluminum fluoride consumer in India agreed on the expectation that prices may rise early next year. “We ordered around 20,000t of the material this March at fixed prices of USD900-1,000/t from different countries,” said the source, adding that they will return to the market next January or February. In August, they delivered around 800t of the material to India.
Given the cost increase, he anticipated that the price might rise to around USD1,100/t for deals in the first quarter of next year. They mainly purchase the material from Asia and Africa.
Based on the demand capacity of 20,000tpy, the consumer now needs to consume around 1,600t of the material per month and holds stocks for consumption in around 40 days.
An aluminum fluoride consumer in the Middle East reported that they ordered around 5,500t of the material in Q3 at around USD950/t. “We usually purchase around 4,000t of the material each quarter,” said the source, who predicted that the price in Q4 might reach USD1,000/t and might improve close to USD1,040/t in the first quarter of next year.
According to the source, the purchase price in early 2017 was only around USD900/t. He explained that the global fluorspar and alumina prices may rise further after producers in China cut production.
Based on the consumption capacity of 50,000tpy, the consumer demands around 4,000t of the material per month now and holds stocks for consumption in ten days.
Another aluminum fluoride consumer in India agreed on the expectation that prices may rise early next year. “We ordered around 20,000t of the material this March at fixed prices of USD900-1,000/t from different countries,” said the source, adding that they will return to the market next January or February. In August, they delivered around 800t of the material to India.
Given the cost increase, he anticipated that the price might rise to around USD1,100/t for deals in the first quarter of next year. They mainly purchase the material from Asia and Africa.
Based on the demand capacity of 20,000tpy, the consumer now needs to consume around 1,600t of the material per month and holds stocks for consumption in around 40 days.
Fluorspar 97%min Delivered China
Unit:RMB/mt
China aluminum fluoride producers' sales volume statistics by province by month
Unit: mt
