The domestic fluorite price trend rose in October, with an average price of 3512.5 yuan/ton as of the end of the month, an increase of 3.88% from the beginning price of 3381.25 yuan/ton, and a year-on-year decrease of 6.64%.

Supply side: Limited mining operations and tight availability of fluorite in stock

The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still facing many difficulties. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Although the rectification action is coming to an end, the affected area has not narrowed. The difficulty of fluorite mining operation has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight, and the inventory of fluorite enterprises is low. Recently, the fluorite market has risen. With the shortage of supply and the winter storage season, the atmosphere of factory price increases is strong, and the fluorite price.

Demand side: Hydrofluoric acid price increase helps refrigerant market rise

The pricing of hydrofluoric acid by major domestic manufacturers increased in October, and the mainstream price for hydrofluoric acid in various regions of China was negotiated at 10600-11200 yuan/ton in October. The downstream hydrofluoric acid equipment is still in shutdown, and there is little change in the spot supply of hydrofluoric acid. Manufacturers mainly purchase hydrofluoric acid on demand, and more than 50% of hydrofluoric acid production has started. The pricing of hydrofluoric acid major factories has increased, which is a positive support for the domestic fluorite market. Fluorite prices rose in October.

The downstream refrigerant market is on the rise, and refrigerants continue to go out of storage within the year. Fluorine chemical companies within quota control have strong confidence in maintaining stable prices in the refrigerant market. Currently, prices in the foreign trade market are gradually increasing, and upstream products are mainly purchased on demand. The market for some refrigerant products has risen, which has led to a rise in the fluorite market in October.

In addition to the traditional demand in the refrigerant industry, fluorite, as an important mineral raw material for modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as defense and nuclear industries, including lithium hexafluorophosphate, PVDF, graphite negative electrode, photovoltaic panel, etc. With the demand driven by new energy and semiconductor fields, fluorite applications have received certain support, and the fluorite market still has support.

Market forecast: In the near future, it is difficult to improve the supply of domestic fluorite mines, and some mines have stopped production and undergone safety inspections. The tight supply of fluorite mines is a major positive support for the fluorite market. Recently, the downstream refrigerant product market has risen, and coupled with the rise in downstream hydrofluoric acid market, favorable factors support the rise in fluorite market prices in November.