Morning Market Update: Domestic Fluorite Wet Powder

I. Key Points

1. Market sentiment for 97% wet fluorite powder is strongly bearish, with limited purchasing activity.
2. The mainstream contract delivered price for anhydrous hydrogen fluoride (AHF) in October is referenced at CNY 14,500–14,800/ton. In the Shandong market, the mainstream contract delivered price for AHF is referenced at CNY 14,760–15,000/ton.
3. Major producers of Fluorocarbon refrigerant R32 have maintained firm offers, with operating rates hovering around 40–50%.

Core Logic: Sentiment in the fluorine chemical raw materials sector has cooled recently. Although shutdowns by major northern producers have stimulated the market, they are unlikely to alter the fundamental contradiction of oversupply.

II. Price List

Notes:

1. Prices listed above are reference prices for mainstream negotiations.
2. Prices listed above are delivered prices inclusive of tax. Unit: CNY/ton.
3. Price changes are compared against the closing prices of the previous trading day.

III. Market Outlook

Yesterday, the domestic market for 97% fluorite concentrate (wet powder) was characterized by strong wait-and-see sentiment. Currently, spot prices for downstream hydrogen fluoride have trended upward, leading some fluorite holders to maintain firm pricing attitudes. However, the sulfuric acid market has shown strong performance recently, with significant inventory reduction achieved in the earlier period. Offer prices for sulfuric acid have been consistently pushed higher, exhibiting clear regional price disparities. Particularly in the Jiangxi and Fujian regions, the market faces reverse pressure from the sulfuric acid sector, limiting the potential for price increases. Downstream users remain bearish on the long-term outlook.

Current spot delivered prices across domestic markets are referenced as follows:

• Inner Mongolia: CNY 3,350–3,500/ton
• Zhejiang: CNY 3,500–3,600/ton
• Jiangxi & Fujian: CNY 3,750–3,800/ton
• Shandong: CNY 3,550–3,650/ton
• Northwest: CNY 3,400–3,450/ton
• Henan & Anhui: CNY 3,450–3,500/ton

As of press time, the mainstream delivered price for domestic 97% wet fluorite powder is referenced at CNY 3,350–3,800/ton.

IV. Data Table

Note:
The production profit margin is industry-wide data reflecting the overall profitability status in mainstream regions. It is calculated as the ratio of industry profit to the average price.