Product
Fluorspar Price Trend and Forecast
Fluorspar Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Fluorspar in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Fluorspar Price Trend for the H1 of 2023
Asia
In the first and second quarters of 2023, the price trend of fluorspar fluctuated. In the initial months of the first quarter, the fluorspar market boomed with the return of manufacturing activities to their normal levels after the removal of covid-related restrictions. But the spring holidays again pushed production rates into a negative zone. Due to slow demand, the manufacturers had to reduce their production output which in turn reduced the prices of fluorspar.
In the second quarter also, the initial months witnessed a hike in the prices after the regaining of market momentum after the spring holidays. However, soon enough, the sluggish demand from construction industries, low energy production costs, and low cargo rates and volumes forced the price trend of fluorspar to follow a negative trajectory.
Europe
In the first two quarters of 2023, the price trend of fluorspar remained volatile in the European region. The region actively looked to reduce its dependence on China and related countries in terms of fluorspar production. After the invasion of Ukraine by Russia and the ban on gas imports, the region struggled to keep its market activities afloat, which led to fluctuations in the price trend of fluorspar.
North America
The price trend of fluorspar in the first two quarters of 2023 was affected by the low demand from the downstream industries and reforms adopted by the government to restrict unfair mining activities. To curb the loss of demand, especially from the construction sector, a reduction in the number of offtakes led to cuts in prices by the manufacturers. Along with this, the hike in interest rates and rising inflation in North America also caused the price trend of fluorspar to showcase a falling trajectory.
Analyst Insight
According to Procurement Resource, the price trends for fluorspar are expected to incline in the coming quarter as the demand from the end-user industries is improving.
Procurement Resource provides latest prices of Fluorspar. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
A mineral made of calcium fluoride (CaF2) is known as fluorspar, commonly referred to as fluorite. It is a vibrant mineral that can be found in a range of hues, such as purple, green, yellow, and blue. Due of its luminous characteristics under ultraviolet light, fluorspar is highly valued. It is utilized in a variety of industrial processes, including those that produce steel, aluminum, hydrofluoric acid, ceramics, glass, and as a flux in metallurgy. Due to its special qualities, fluorspar is also used in lithium-ion batteries and dental items.
Product Details
| Report Features | Details |
| Product Name | Fluorspar |
| Chemical Formula | CaF2 |
| Industrial Uses | Steel and aluminium production, Cement production, Ceramic and glass industry, Refrigerants and air conditioning |
| HS Code | 25292100 |
| Molecular weight | 78.07 g/mol |
| Synonyms | Calcium difluoride |
| CAS Number | 7789-75-5 |
| Supplier Database | Mexichem Fluor SA de CV, China Kings Resources Group Co Ltd, Mongolrostsvetmet LLC, Minersa Group, Masan Resources |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
The procedure starts with the extraction of the fluorspar-containing mineral ore from the veins of other ores, including slate, gneiss, limestone, etc. The recovered material is subsequently processed through crushers to get fine powder-like materials. The next part is the flotation stage, which is the most important step. When water and a flotation agent are added to the powdered extracted material, the flotation agent causes the fluorspar to float to the top while the impurities sink to the bottom of the vessel. The essential material is gathered and dried in preparation for further packaging and delivery.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.