1. Daily Summary

① The domestic fluorspar market today is characterized by strong wait-and-see sentiment, with prices fluctuating within a narrow range. The mainstream reference price for domestic 97% fluorspar wet powder is CNY 3,300–3,800/ton.

② The mainstream contract price for downstream anhydrous hydrofluoric acid (AHF) in November is currently referenced at CNY 15,300–15,650/ton.

2. Spot Market Overview

Table 1: Domestic Fluorspar Price Summary (Unit: CNY/ton)

Data Source: Chempricehub

The supply and demand dynamics in the domestic 97% fluorspar concentrate market continue to be locked in a stalemate. On the supply side, short-term availability remains constrained by tight raw material supplies and limited inventory. Particularly in southern regions, producers are coordinating efforts to push prices upward. Conversely, the demand side maintains a cautious wait-and-see stance. Looking ahead, additional supply from Xinjiang may influence market sentiment later on, while expectations of declining downstream consumption are dampening trader confidence. Current delivered spot prices across major regions are as follows: Inner Mongolia CNY 3,300–3,400/ton; Zhejiang CNY 3,600–3,700/ton; Jiangxi and Fujian CNY 3,700–3,800/ton; Shandong CNY 3,500–3,600/ton; Northwest regions CNY 3,250–3,350/ton; Henan and Anhui CNY 3,250–3,350/ton. As of press time, the mainstream delivered price for domestic fluorspar wet powder is referenced at CNY 3,300–3,800/ton.

3. Production Dynamics

The monthly capacity utilization rate for anhydrous hydrofluoric acid in October was 59%.

4. Price Forecast

The fluorspar market is dominated by wait-and-see sentiment, with the overall trend expected to remain weak and fluctuations limited. For anhydrous hydrofluoric acid, strong cost support persists, but market sentiment is cooling down.

5. Related Products

Anhydrous Hydrofluoric Acid (AHF) Market:
Today, the domestic AHF market is characterized by cautious observation. Wait-and-see sentiment has deepened. On the supply side, output may increase significantly in the short term. Recently, raw material costs have softened, particularly in the sulfuric acid market, which lacks strong support points. Although fluorspar prices show mixed movements, overall volatility is limited, maintaining a slightly bearish outlook. On the demand side, consumption patterns remain steady, but the bargaining power between suppliers and buyers is weakening. As of press time, the mainstream delivered price for domestic AHF in November is referenced at CNY 15,300–15,650/ton, with the Shandong market at CNY 15,500–15,600/ton.

Sulfuric Acid:
Today, the Chempricehub index for 98% sulfuric acid stood at CNY 1,300/ton, unchanged from yesterday and consistent with morning expectations. Domestic sulfuric acid markets face limited support, with trends in Guangxi remaining weak. Regarding supply, some major coastal plants in the region are still undergoing maintenance, theoretically reducing supply. However, this bullish factor is offset by high inventories and inflows from other regions. Recently, prices in Yunnan and Hunan have declined, leading to low-priced resources flowing into Guangxi, which weighs on procurement sentiment and increases pressure on buyers to negotiate lower prices. Demand remains weak, with downstream enterprises primarily replenishing based on immediate needs. Short-term purchasing enthusiasm is insufficient, transaction pace for new orders has slowed, and market participants are operating cautiously amid strong wait-and-see sentiment. Meanwhile, sufficient supply from key exporting regions like Guizhou provides competition and supplementation to the Guangxi market, likely leading to a decline in new order signings for local plants and increasing shipping pressure. In the Henan market, regional acid plants are mainly fulfilling previous contract orders, resulting in intense market bargaining. Local downstream purchases are mostly driven by essential restocking. Additionally, the weak performance of peripheral markets exerts downward pressure on Henan's local acid prices, keeping market sentiment cautious. Next week, certain acid plants in Sanmenxia plan to conduct tenders, leaving room for potential price adjustments to the downside. In the short term, the domestic sulfuric acid market lacks positive catalysts, and bearish sentiment dominates.

Refrigerants:
Based on the bulk liquid market in East China, quotes from major fluorine refrigerant R134a producers remain firm, largely aligning with morning market expectations. As of press time, mainstream quotes from major East China producers are referenced at CNY 65,000–70,000/ton (covering both domestic and export trade), while the general mainstream market quote is CNY 63,500–65,000/ton (ex-factory, tax included), also consistent with morning expectations. Market intelligence indicates that quotes from major East China factories for R134a remain firmly high. OEMs are negotiating higher prices for contracted orders. Low-cost channel inventory has been largely cleared, and quota allowances for smaller tail-end factories are running low. Production quotas for H2 2026 are expected to increase, keeping trading focus firm. News suggests that the fluorine refrigerant market continues to adhere to an "anti-involution" strategy, with rigid quota supply creating scarcity. Domestic quotes remain firmly high, and although export markets have seen slight pullbacks, they remain resilient at high levels. Chempricehub predicts that major East China producers will maintain firm quotes, and the short-term R134a market will consolidate at high levels.