Loosening of the feedstock support, accompanied by a slight retreat in atmospheric conditions.

1. Today's Summary

① Sentiment in the domestic fluorspar market remains cautious, with limited upside potential. The mainstream reference price for 97% wet fluorspar powder is RMB 3,300–3,800/ton.

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

2. Spot Market Overview

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

Data Source: Chempricehub Information

Supply and demand dynamics continue to drive the domestic market for 97% fluorspar concentrate. Currently, the fluorspar market presents a complex picture. In northern markets, although there is significant pressure to lower prices—often driven by traders stockpiling ahead of time—direct negotiations with mining enterprises or high-cost sources remain intense and contentious. In southern markets, transactions at higher prices for high-quality material are guiding sentiment, with holders maintaining strong resistance to price cuts while buyers mostly adopt a wait-and-see approach; actual trading activity remains limited pending further negotiation. Current delivered spot prices across regions are as follows: Inner Mongolia RMB 3,300–3,400/ton; Zhejiang RMB 3,600–3,700/ton; Jiangxi and Fujian RMB 3,700–3,800/ton; Shandong RMB 3,500–3,600/ton; Northwest regions RMB 3,250–3,350/ton; Henan and Anhui RMB 3,250–3,350/ton. As of publication, the mainstream delivered price for domestic 97% wet fluorspar powder is referenced at RMB 3,300–3,800/ton.

3. Production Dynamics

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

4. Price Forecast

Upward momentum in the fluorspar market is strong but upside potential is limited; the AHF market receives robust support from costs.

5. Related Products Status

Anhydrous Hydrofluoric Acid (AHF) Market:
Sentiment in the domestic AHF market today remains cautious. Buyers are closely watching the restart status of major plants in the north, while raw material support has weakened compared to previous periods. The fluorspar market is fluctuating within a range with mixed price movements. Sulfuric acid prices continue to soften, and even large-scale maintenance shutdowns have failed to halt the downward trend. Inquiry volume and trading activity have noticeably declined. As of publication, the mainstream delivered price for domestic AHF in November is referenced at RMB 15,300–15,650/ton, with the Shandong market referencing RMB 15,500–15,600/ton.

Sulfuric Acid:
Today, the Chempricehub index for 98% sulfuric acid stood at RMB 1,380/ton, remaining flat compared to the previous period and consistent with morning expectations. The domestic sulfuric acid market exhibits a weakly stable pattern. In Shandong, local refineries reported good sales over the weekend, leading to varying degrees of price increases. This upward trend continued into Monday, with some refineries raising prices by RMB 20/ton to test the market. Today’s shipment volume reached 3,000 tons, with minor premiums of RMB 10–30/ton observed at certain enterprises, indicating that prices are within acceptable demand ranges and localized essential needs are being met. However, these tentative small hikes also reflect insufficient confidence among producers regarding future prospects. Earlier smooth shipments from smelting enterprises in Shandong resulted in ex-factory prices between RMB 1,050–1,075/ton. With current inventory levels low, key smelting acid producers in the Jiaodong region raised prices by RMB 50/ton, boosting downstream purchasing sentiment and providing regional psychological support. However, two major producers in Jiaodong are scheduled to resume operations next week, which will increase supply again. Given the lack of substantial growth in fertilizer demand and chemical enterprises’ procurement being limited to essential needs, this increased supply will offset the benefits of low inventory, leaving bearish sentiment intact. In the short term, price-supporting actions by refineries and smelters may sustain current levels for a few days, but the rebound height is limited. Once the two major Jiaodong enterprises restart next week, Shandong sulfuric acid prices face renewed risk of downward pressure. In Jiangsu, sulfur feedstock prices are fluctuating, and demand lacks substantive positive drivers, leading to cautious purchasing willingness among industry players. Meanwhile, poor sentiment in peripheral markets and the impact of low-priced supplies from neighboring regions are dragging down Jiangsu market psychology. Acid producers face difficult sales conditions and are primarily offering discounts to negotiate deals and alleviate inventory pressure. Currently, bearish factors dominate the domestic sulfuric acid market, with short-term expectations for slight price declines.

Refrigerants:
Based on the bulk liquid market in East China, mainstream factory quotes for refrigerant R22 remain weakly stable, while the broader market trends downward. As of publication, mainstream quotes from major East China factories are referenced at RMB 20,000–24,000/ton (combined domestic and export quotes); mainstream East China market quotes are referenced at RMB 17,000/ton, consistent with morning expectations. Market intelligence indicates that mainstream factory quotes for R22 in East China are weakly stable, with significant drops in small-package prices translating to lower bulk liquid equivalents. Factories and channels face sustained pressure on bulk liquid sales, social inventory remains high, and the macro environment continues to be sluggish alongside shrinking demand during the traditional off-season. Monthly transaction volumes and order intake in the East China market remain poor, with weak purchasing willingness. Despite wide-ranging price declines, even low-price industry quotes fail to stimulate demand, highlighting the market's fatigue. In the short term, the mainstream price for refrigerant R22 (ODS) is referenced at RMB 17,000/ton, characterized by weak stability and stalemate.