Market participants are adopting a cautious wait-and-see approach, leaving the future market trend in a passive position.

1. Daily Summary

① Today, the domestic fluorspar market is characterized by strong wait-and-see sentiment with limited upside potential. The mainstream reference price for 97% wet fluorspar powder in the domestic market stands at CNY 3,300–3,750/ton.

② The mainstream contract price for anhydrous hydrogen fluoride (AHF) downstream for October is tentatively referenced at CNY 14,500–14,800/ton.

2. Spot Market Overview

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

Data Source: Chempricehub Information

Today, the overall market for domestic 97% fluorspar concentrate remains weak. Participant sentiment varies across the sector. Production status of major downstream enterprises remains uncertain, while pressure from the raw material side continues to increase. Significant regional price differentials have emerged. In northern markets, sales are sluggish, prompting some inventory to be transferred cross-regionally again. However, southern markets are facing pressure from sulfuric acid costs, leading to limited acceptance of high-priced cargo and restricted supply flow to downstream users. Current spot delivered prices across domestic regions are referenced as follows: Inner Mongolia CNY 3,300–3,400/ton; Zhejiang CNY 3,500–3,600/ton; Jiangxi and Fujian CNY 3,700–3,750/ton; Shandong CNY 3,500–3,600/ton; Northwest region CNY 3,250–3,350/ton; Henan and Anhui regions CNY 3,250–3,350/ton. As of press time, the mainstream delivered price for domestic 97% wet fluorspar powder is referenced at CNY 3,300–3,750/ton.

3. Production Dynamics

The monthly capacity utilization rate for anhydrous hydrogen fluoride in September was 57%.

4. Price Forecast

Fluorspar market momentum is strong but upside potential is limited; the anhydrous hydrogen fluoride market is supported by robust cost pressures.

5. Related Product Updates

Anhydrous Hydrogen Fluoride (AHF) Market:
Today, the domestic AHF market exhibits strong wait-and-see sentiment. Trading activity is subdued, and participants remain cautious due to numerous variable factors. On one hand, the resumption of operations at major northern plants has gradually desensitized the market following recent self-adjustments. On the other hand, fluctuations in sulfuric acid prices remain a primary factor supporting bullish calls from traders. As of press time, the mainstream delivered price for domestic AHF in October is referenced at CNY 14,500–14,800/ton, while the Shandong market is referenced at CNY 14,760–15,000/ton.

Sulfuric Acid:
Today, the Chempricehub index for 98% sulfuric acid stood at CNY 1,368/ton, unchanged from yesterday, aligning with morning expectations. Regional differentiation is evident in the national sulfuric acid market. In Hunan, tight supply has driven prices higher. Despite multiple price hikes, shipments have not been significantly affected, and plant inventories remain persistently low. Maintenance at local mineral acid units has kept supply tight, providing strong support for prices and reducing shipment pressure, resulting in a firm stance on pricing. Local prices were raised again today by CNY 150–200/ton. Regarding demand, downstream enterprises maintain rigid procurement rhythms. Acceptance of current market prices is moderate within the region, with no obvious resistance, primarily involving replenishment based on needs. Traders show strong purchasing enthusiasm, and external shipments are smooth. Amid tight supply, trading activity is vigorous. However, weakening fertilizer demand in surrounding areas may constrain future prospects. Currently, the Hunan sulfuric acid market is heavily influenced by external trends, with short-term operations expected to remain strong. In Henan, some units in the Jiyuan area remain under maintenance without resuming production, keeping acid enterprise inventories low and supporting local market conditions. In Sanmenxia, acid enterprises operate steadily with normal shipment rhythms, and the latest tender prices from medium-sized local plants have increased compared to the previous period. On the demand side, overall requirements from the phosphate fertilizer industry are weak, with strong wait-and-see sentiment and cautious procurement, leading to significant market bargaining. Looking ahead, domestic acid prices are expected to consolidate within a narrow range.

Refrigerants:
Based on the East China spot market, quotes from mainstream large-scale fluorocarbon R134a producers in East China remain firm, consistent with morning market expectations. As of press time, quotes from mainstream large-scale producers in East China are referenced at CNY 65,000–70,000/ton (coordinated for domestic and export trade), while mainstream market quotes are referenced at CNY 63,500–65,000/ton (ex-factory tax-inclusive), also consistent with morning expectations. Market intelligence indicates that quotes from mainstream factories in East China for R134a remain firmly high-level. Contract orders with original equipment manufacturers (OEMs) are being negotiated at elevated levels. Low-cost inventory in distribution channels has been largely cleared, and remaining quota allocations for smaller tail-end factories are minimal. Production quotas for H2 2026 are set to increase, maintaining a firm focus on transaction centers. News suggests that the fluorocarbon refrigerant market continues to adhere to "anti-involution" policies, with rigid quota supply creating scarcity. Domestic quotes remain firmly high, while export markets have seen slight adjustments but remain resiliently high. Chempricehub predicts that mainstream large-scale producers in East China will maintain firm quotes, and the short-term fluorocarbon R134a market will continue to consolidate at high levels.