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1. Today's Summary

① The domestic fluorspar market remains in a wait-and-see mode today, with limited upside potential for the future. The mainstream price for 97% wet fluorspar powder in the domestic market is referenced at 3,300–3,800 RMB/ton.

② The mainstream contract price for anhydrous hydrofluoric acid downstream is tentatively referenced at 15,300–15,650 RMB/ton for November.

2. Spot Market Overview

Table 1: Domestic Fluorspar Price Summary (Unit: RMB/ton)

Data Source: Chempricehub Information

Today, supply-demand dynamics in the domestic 97% fluorspar concentrate market have intensified. Sentiment among buyers and sellers is predominantly cautious. Prices in Northwest and North China markets have largely stabilized, with transaction centers trending lower. In Shandong, inquiry sentiment is cautious; downstream demand exerts significant pressure on prices, while holders, despite bearish outlooks, anticipate rising hydrogen fluoride costs, leaving little room for concessions. In Jiangxi and Fujian, negotiations continue; suppliers maintain firm pricing, but acceptance from the demand side is limited. Current delivered spot prices across regions are referenced as follows: Inner Mongolia at 3,300–3,400 RMB/ton; Zhejiang at 3,600–3,700 RMB/ton; Jiangxi and Fujian at 3,700–3,800 RMB/ton; Shandong at 3,500–3,600 RMB/ton; Northwest China at 3,250–3,350 RMB/ton; Henan and Anhui at 3,250–3,350 RMB/ton. As of press time, the mainstream delivered price for domestic 97% wet fluorspar powder is referenced at 3,300–3,800 RMB/ton.

3. Production Dynamics

The monthly capacity utilization rate for anhydrous hydrofluoric acid in October was 59%.

4. Price Forecast

Fluorspar market momentum suggests upward pressure, though future gains are limited. The anhydrous hydrofluoric acid market receives strong support from cost factors.

5. Related Product Status

Anhydrous Hydrofluoric Acid Market: Sentiment in the domestic anhydrous hydrofluoric acid market is bullish today. During the current tender pricing cycle, regional cost differentiation between northern and southern China is prominent. This pricing cycle sees northern supplies increasing by 400 RMB/ton and southern markets by 600 RMB/ton. Short-term expectations for the sulfuric acid market remain upward, awaiting further guidance from future developments. As of press time, the mainstream delivered price for domestic anhydrous hydrofluoric acid in October is referenced at 14,500–14,800 RMB/ton, with the Shandong market referenced at 14,760–15,000 RMB/ton.

Sulfuric Acid: Today, the Chempricehub index for 98% sulfuric acid stood at 1,380 RMB/ton, down 15 RMB/ton from the previous period, consistent with morning expectations. The national sulfuric acid market is operating weakly, though some areas in Guangdong saw localized price increases. In Yunfu, major downstream titanium dioxide enterprises maintained stable demand, allowing acid plants to move inventory well with stocks remaining low. Additionally, plans for equipment maintenance at key acid plants next month have strengthened expectations of reduced supply. Raw material pyrite prices remained high this month, providing cost support, leading to a 50 RMB/ton price increase last Saturday. In Shaoguan, some acid plant units were under maintenance earlier and have not yet restarted. Although restart plans exist, other units within the region are scheduled for maintenance, keeping overall supply changes minimal and resources relatively tight. However, raw material pyrite prices dropped by 400 RMB/ton compared to last month, significantly weakening cost support. Despite previously high costs, acid prices have temporarily held steady, with future trends pending observation. Overall downstream demand in Guangdong remains driven by essential needs, with no significant change in sentiment. However, due to recent market volatility, traders are adopting a wait-and-see approach, resulting in short-term price stagnation. The Inner Mongolia sulfuric acid market has entered its beginning-of-month adjustment window, showing clear regional divergence: prices in Western Inner Mongolia remained largely stable, while Eastern Inner Mongolia saw decreases of 70–250 RMB/ton, widening the intra-regional price gap. In Western Inner Mongolia, operations at major acid producers in Wuhai and Baotou were stable. Smelting-grade acid producers in Bayannur had not yet restarted their maintenance units, limiting external commercial acid sales. Initial monthly quotes from major acid producers mostly maintained previous levels, with slight discounts in actual transactions. Future downstream demand lacks positive support, suggesting continued weak market performance.

Refrigerants: Based on the bulk liquid market in East China, mainstream factory offers for refrigerant R22 remained weakly stable, with the market experiencing a broad decline. As of press time, offers from major factories in East China were referenced at 24,000 RMB/ton (combined domestic and export offers), while mainstream market offers were referenced at 17,000 RMB/ton, consistent with morning expectations. Market intelligence indicates that mainstream factory offers for R22 in East China are weakly stable, with small-package prices dropping significantly, translating to lower bulk liquid offers. Factory and channel shipments of bulk liquid continue to face pressure, social inventories remain high, and macroeconomic conditions persistently weak alongside shrinking demand during the traditional off-season. Transaction volumes and orders in the East China market have been poor throughout the month, with weak purchasing willingness. Despite broad market declines, even low industry offers have failed to stimulate demand, highlighting market fatigue. In the short term, the mainstream price for fluorocarbon refrigerant R22 (ODS) is referenced at 17,000 RMB/ton, maintaining a weakly stable stalemate.