Strong atmosphere persists, upward push remains (2026-08-28 to 09-03)

1. Market Focus This Week

1. Fluorspar market sentiment is strong, with offers remaining at high levels.
2. The mainstream September contract delivered price for anhydrous hydrogen fluoride is referenced at RMB 15,050–15,200/mt.
3. Demand follow-up for anhydrous hydrogen fluoride is insufficient, capacity utilization has pulled back, and supply–demand competition has deepened.

2. This Week's Market Analysis

This week, sentiment in the domestic 97% fluorspar powder market remained fervent, with upward pricing pressure still present. The upward shift in anhydrous hydrogen fluoride pricing by RMB 300–350/mt again stimulated price-supportive sentiment among fluorspar industry players, prompting holders to raise offers. However, from the downstream perspective, even though the AHF contract price rose, it was mostly offsetting the cost/selling price inversion caused by last month's fluorspar surge. As a result, downstream enterprises are relatively resistant to high-priced fluorspar. In addition, with continued inflows of imported supplies recently, the range of transaction price gains in the northern market was mostly concentrated at RMB 0–50/mt, reflecting a generally rational tone. In the southern market, offers were mostly concentrated at RMB 3,850–3,900/mt; although some destocking sales occurred, most players remain bullish. Downstream enterprises' practice of transferring northern material to the south has further materialized, and supply–demand negotiations continue.

Current spot delivered prices in various domestic markets are referenced as follows: Inner Mongolia, RMB 3,300–3,400/mt; Zhejiang, RMB 3,500–3,600/mt; Jiangxi and Fujian, RMB 3,700–3,800/mt; Shandong, RMB 3,500–3,600/mt; Northwest China, RMB 3,200–3,350/mt; Henan and Anhui, RMB 3,250–3,350/mt. As of press time, the mainstream delivered price for domestic fluorspar wet powder is referenced at RMB 3,300–3,800/mt.

3. Analysis of Downstream Market Factors

Weekly anhydrous hydrogen fluoride market:

This week, the domestic anhydrous hydrogen fluoride market digested the price increases while overall supply remained tight. On the cost side, although the sulfuric acid market has shown some easing within a range recently, the lively fluorspar market and strong price-supportive sentiment among holders have further pressured costs. Facing rising costs and weak demand follow-through, producers have remained reluctant to run at high rates despite supply gaps. Given bearish long-term expectations, most producers have taken orders exceeding their normal planned volumes. Recently, spot orders have entered the market for inquiries, with offer prices mostly moving upward. On the demand side, major downstream refrigerants have been affected by weather—early cold conditions and frequent rain—weakening rigid demand consumption. Terminal inventories remain high, and production plans continue to be scaled back. The lithium hexafluorophosphate market is performing relatively well with orderly demand follow-up; however, overall demand remains weak and consumption capacity is limited. As of press time, the mainstream delivered price for domestic anhydrous hydrogen fluoride in the East China market in September is referenced at RMB 15,050–15,200/mt.

4. Next Week's Market Forecast

In summary, inquiry and trading activity in the fluorspar market is robust. Trading in the northern market is nearing its end, while supply and demand sides in the south are still contesting prices. It is expected that the earlier high price levels will gradually become the mainstream transaction range. Chempricehub expects the domestic fluorspar market to fluctuate within a range next week.