Anhydrous Hydrogen Fluoride holds at CNY 15,300–15,650/ton as tight supply meets weak demand

I. Key Focus Points

1. The market for 97% wet fluorspar powder is waiting for clear directional signals from various sources.
2. For November, the mainstream contract delivered price for anhydrous hydrogen fluoride (AHF) is referenced at CNY 15,300–15,650/ton. In the Shandong market, the mainstream contract delivered price for AHF is referenced at CNY 15,500–15,600/ton.
3. Major producers of R32 refrigerant are maintaining firm quotes, with operating rates hovering around 40–50%.

Core Logic: Market participants in fluorine chemical raw materials remain cautious and are adopting a wait-and-see approach. Overall supply remains tight in the short term; however, continuously declining demand is weighing on market sentiment.

II. Price List

Notes:

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

III. Market Outlook

Yesterday, bargaining intensified in the domestic market for 97% fluorspar concentrate powder. Negotiation tensions were prominent in the fluorspar market yesterday. On the supply side, sentiment was divided. In northern markets, suppliers showed willingness to offer discounts to move inventory due to downward pressure from downstream buyers, though the scope for such concessions remained limited. Conversely, southern suppliers maintained a strong stance on holding prices, supported by actual supply constraints. However, downstream buyers adopted a wait-and-see attitude, anticipating that continued negative impacts from weak demand would eventually undermine suppliers' confidence in maintaining high prices.

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

• Inner Mongolia: CNY 3,300–3,400/ton
• Zhejiang: CNY 3,600–3,700/ton
• Jiangxi & Fujian: CNY 3,700–3,800/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 fluorspar powder is referenced at CNY 3,300–3,800/ton.

IV. Data Table

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