Morning Market Update on the Domestic Fluorite Wet Powder

I. Key Focus Points

1. The market for 97% wet fluorspar powder saw weak supply and demand, creating a strong atmosphere for price increases.
2. The mainstream contract delivery price for anhydrous hydrogen fluoride in October is referenced at RMB 14,500–14,600 per ton.
3. Quotes from major producers for fluorinated refrigerant R32 remain firm, with operating rates hovering around 40–50%.

Core Logic: Sentiment in the fluorine chemical raw materials sector has cooled recently. Although production halts by large northern enterprises have stimulated the market, they are unlikely to change the fundamental contradiction of oversupply.

II. Price Table

Notes:

1. Prices listed are reference values based on mainstream negotiations.
2. Prices listed are delivered prices including tax. Unit: RMB/ton.
3. Price fluctuations are compared against the closing prices of the previous trading day.

III. Market Outlook

The domestic market for 97% fluorspar concentrate powder remained largely wait-and-see yesterday. During the tender pricing cycle, bearish sentiment was prevalent. Pricing for hydrogen fluoride for the new month still shows regional disparities, presenting a "high in the north, low in the south" pattern. In East China markets such as Jiangsu and Zhejiang, hydrogen fluoride pricing dropped by RMB 600/ton, while the Shandong market saw a decline of RMB 200/ton. Although the drop in northern markets was smaller than in southern regions, fluorspar supply in the north appeared ample due to external replenishment. Overall, the market is likely to experience minor fluctuations in the near term.

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

• Inner Mongolia: RMB 3,350–3,500/ton
• Zhejiang: RMB 3,500–3,600/ton
• Jiangxi & Fujian: RMB 3,800–3,850/ton
• Shandong: RMB 3,550–3,600/ton
• Northwest Regions: RMB 3,400–3,450/ton
• Henan & Anhui: RMB 3,450–3,500/ton

As of publication time, the mainstream delivered price for domestic 97% wet fluorspar powder is referenced at RMB 3,350–3,850/ton.

IV. Data Table

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