Morning Market Update on the Domestic Wet Fluorspar Powder

1. Key Observations

1. The market for 97% wet fluorite powder across all regions shows weak supply and demand, with strong upward price momentum.
2. For October, the mainstream delivered contract price for anhydrous hydrofluoric acid is referenced at CNY 14,500–14,800/ton. In the Shandong market, the mainstream delivered contract price for anhydrous hydrofluoric acid is referenced at CNY 14,760–15,000/ton.
3. Quotes from major producers for refrigerant R32 remain firm, with operating rates hovering around 40–50%.

Core Logic: Market sentiment for fluorine chemical raw materials has recently cooled. Although shutdowns by large northern plants have stimulated prices, they are unlikely to change the fundamental contradiction of oversupply.

2. Price List

Notes:

1. Prices in this list represent mainstream negotiation reference prices.
2. Prices in this list are tax-inclusive delivered prices. Unit: CNY/ton.
3. Price fluctuations are compared against the previous trading day's closing price.

3. Market Outlook

Yesterday, the domestic market for 97% fluorite concentrate (wet powder) was characterized by a wait-and-see attitude. Currently, market trends are diverging. Northern markets are seeing modest increases on the demand side due to substantive factors such as winter stockpiling and climate conditions. Conversely, southern markets are under pressure from multiple fronts: significantly lower pricing for hydrogen fluoride and reverse squeeze from the sulfuric acid market. Downstream bearish sentiment is strong; although small transactions have occurred with narrow declines, downstream buyers remain dissatisfied with current levels.

Current spot delivered price references by region:

• 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 China: CNY 3,400–3,450/ton
• Henan & Anhui: CNY 3,450–3,500/ton

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

4. Data Table

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