The price of domestic fluorite continued to rise. As of July 7, the average price of domestic fluorite was 3200 yuan/ton, 12.06% higher than the price at the beginning of the year, 2855.56 yuan/ton, and 25.63% higher than the lowest price of 2547.22 yuan/ton at the beginning of April. Since April, the price has risen unilaterally, and is now at the highest point in the year.

The positive factors of fluorite price rise are as follows:

First: The shortage of raw ore supply drives the price of fluorite up

The operating rate of domestic supply side remains low, and backward mines will continue to be eliminated. In terms of new mines, mineral survey is still difficult. Mining enterprises are faced with increasingly stringent safety and environmental protection requirements, resulting in insufficient starting of fluorite mines, shortage of domestic fluorite raw materials, limited starting of fluorite flotation, insufficient spot supply, serious epidemic in some regions, difficult transportation of fluorite, very tight supply of fluorite, and rising fluorite prices.

Second: The export volume of fluorite for parking of some overseas units increased significantly

From January to September 2022, the total export volume of fluorite with calcium fluoride content>97% will be 172100 tons, up 397.32% year on year. In September, the export volume of fluorite was 60000 tons, up 55% month on month and 110% year on year. The domestic acid grade fluorite has received more and more inquiries from international buyers, and the overseas mines in Canada and Mexico have stopped production. The export of fluorite has increased significantly, which has aggravated the shortage of domestic fluorite supply.

Third: The rapid development of new demand supports the price of fluorite

In addition to the well-known fluorine chemical industry, fluorite, as an important mineral raw material for modern industry, is also used in strategic emerging industries such as new energy and new materials, as well as national defense, nuclear industry and other fields, including lithium hexafluorophosphate, PVDF, graphite cathode, photovoltaic panels, etc. With the demand of new energy and semiconductors and other fields, the outlook of fluorite industry chain has been supported in the long run.

Future market forecast: North fluorite enterprises are about to enter a seasonal shutdown period. In addition to the recent shortage of raw material fluorite ore supply, the refrigerant industry began to stock up in the fourth quarter. The new energy, semiconductor and new material industries developed rapidly, supporting the demand for fluorite for a long time. Chen Ling, an analyst of the business community, believes that the fluorite market price may still have room to rise.