Strong wait-and-see sentiment prevailed, with market conditions fluctuating significantly (Oct 23–29, 2026)

1. Key Market Focus This Week

1. Fluorite market sentiment has cooled, with a wait-and-see attitude deepening.
2. The mainstream delivered price for anhydrous hydrofluoric acid (AHF) October contracts is referenced at RMB 14,500–15,000/ton.
3. AHF demand follow-through is insufficient; capacity utilization has contracted, intensifying supply-demand dynamics.

2. Weekly Market Analysis

This week, the domestic market for 97% fluorite concentrate was characterized by strong wait-and-see sentiment, with market atmosphere fluctuating significantly. As downstream AHF companies entered their bidding and pricing cycle, bearish sentiment toward fluorite was evident in the market. However, the pricing center rose sharply due to tight supply and cost support. Procurement prices from major southern enterprises increased by RMB 150/ton, guiding market sentiment. Previously, the supply side had already been pushing prices higher based on expectations of tighter future supply and costs, and this upward momentum was consistently met in the market. On the demand side, bearish sentiment was previously strong, particularly in southern markets where negotiation centers showed a downward trend. In northern markets, pressure to lower prices remained intense after months of rising prices. Supply-demand dynamics are expected to deepen further as participants await more information for guidance. Current spot delivered prices across various domestic regions are referenced as follows: Inner Mongolia RMB 3,300–3,400/ton; Zhejiang RMB 3,500–3,600/ton; Jiangxi and Fujian RMB 3,700–3,750/ton; Shandong RMB 3,550–3,650/ton; Northwest region RMB 3,400–3,450/ton; Henan and Anhui RMB 3,450–3,500/ton. As of press time, the mainstream delivered price for domestic fluorite wet powder is referenced at RMB 3,300–3,750/ton.

3. Analysis of Downstream Market Influencing Factors

Weekly AHF Market Trends:

This week, the domestic AHF market saw strong upward pressure alongside deepening wait-and-see sentiment. With the bidding and pricing cycle underway, bullish sentiment prevailed among market participants. From the raw material perspective, the sulfuric acid market exhibited regional divergence during the month. Northern markets performed weakly, while Jiangxi and Fujian regions faced sustained cost pressure due to smooth inventory depletion before the holiday combined with supply contraction. Regarding production, major northern plants have not yet signaled restarts, and some units experienced operational disruptions due to long-term running. The fluosilicic acid process saw a modest recovery driven by autumn fertilizer demand. Meanwhile, demand did not decline as sharply as previously anticipated, with most consumers maintaining their production schedules. Overall, the market remained in a tight supply-demand balance, leading producers to push prices aggressively. Currently, the pricing center has risen significantly, awaiting further market developments. As of press time, the mainstream delivered price for November AHF in the East China market is referenced at RMB 15,300–15,650/ton, while the Shandong market is at RMB 15,500–15,600/ton.

4. Next Week's Market Forecast

In summary, market participants currently hold divergent mindsets, with an overall bearish lean. Uncommitted downstream buyers maintain pressure to lower prices, and supply-demand dynamics continue to evolve. Chempricehub predicts that the domestic fluorite market will fluctuate within a range next week.