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Fluorspar Prices in China Increased in April’24

May 2, 2024

In April, domestic fluorspar prices saw a significant increase, marking a 5.38% rise from the beginning of the month and a substantial 19.51% increase compared to last year. This price surge was attributed to various factors affecting the supply and demand sides of the market.

Robust Dynamics for Fluorspar in April’24

Domestic fluorspar prices saw a considerable uptrend throughout April. The downstream hydrofluoric acid market observed a major surge in demand for fluorspar. With passive supply dynamics and strong demand sentiments, the prices for hydrofluoric acid and fluorspar both witnessed a notable uptick. Similarly, the demand for downstream refrigerants remained bullish. This rise in demand was accompanied by an increase in dealer purchases, influencing the upward price trend for key refrigerants like R22.

Sluggish Supplies of Fluorspar

The supply of fluorspar remained tight in April’24, influenced mainly by ongoing safety inspections at mining sites. Several mines underwent operational challenges due to strict safety and environmental regulations, which led to a shortage of raw materials. These regulatory measures made it difficult for fluorspar companies to maintain steady operations, contributing to the upward pressure on prices.

Additionally, amidst ongoing market activities, the refrigerant quota cycle commenced and aggravated the supply of refrigerants, posing challenges for companies in adjusting their sales strategies, which leaned towards holding back on sales. This quota cycle further added to the ongoing tighter supplies.

This hesitance in the market coincided with tight domestic quotas for R134a refrigerant, prompting some manufacturers to raise their ex-factory prices.

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Furthermore, the rise in prices of other refrigerant products also contributed to the upward price trajectory of fluorite. The overall transaction volume within the refrigerant industry remained stable, indicating a healthy market activity.