SunSirs: Poor downstream demand, fluorite prices continue to fall

The fluorite commodity index on April 6 was 110.72, which was the same as yesterday. It fell by 13.15% from the highest point in the cycle of 127.49 points (2019-01-03), and increased by 124.99% from the lowest point of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to present)

According to statistics, the domestic fluorite price trend continued to decline. As of the 7th, the average domestic fluorite price was 3066.67 yuan / ton. Recently, the operating rate of domestic fluorite equipment has increased, and the mines and flotation devices on the site have gradually resumed operation. The supply increased. Due to the sufficient supply of goods on site, the price of fluorite continued to fall, and the price trend of downstream hydrofluoric acid declined. For on-demand purchases in the fluorite market, the situation of fluorite on-site goods was worse, and the price of the fluorite market fell. The recent start of downstream equipment is generally in place, there is sufficient spot supply of fluorite in the venue, and the downstream purchase of the terminal is not active, resulting in the continued decline in market prices. As of the 7th, the price of 97 fluorite wet powder in Inner Mongolia was 2800-3000 yuan / ton, the mainstream of 97 fluorite wet powder in Fujian was 2900-3100 yuan / ton, and the price of 97 fluorite wet powder in Henan was 2800-3100 yuan / ton. Tons, the price of 97 fluorite wet powder in Jiangxi region was 2900-3100 yuan / ton, and the price trend of fluorite in the venue continued to decline.

The price of hydrofluoric acid in the downstream of fluorite declined, and the domestic market price of hydrofluoric acid was 10,730 yuan / ton as of the 7th. The decline in hydrofluoric acid market prices has a negative effect on the upstream fluorite market. In addition, the recent start of hydrofluoric acid plant construction is generally on-demand purchases of fluorite, the supply of goods in the venue is normal, and the price of fluorite has declined. Recently, the automobile industry has experienced sluggish sales, and the downstream refrigerant market has a poor market trend, and the demand for refrigerants has continued to decline. The domestic R22 supply is sufficient, and the domestic refrigerant R22 market price trend has dropped. The operating load of the manufacturer's production equipment is still not high, and the supply of goods in the market is normal. Downstream air-conditioning manufacturers have parked more, and demand has not changed much. Coupled with the impact of foreign public health incidents, exports were blocked, the focus of transactions shifted downward, and the market was weak. The mainstream price of large domestic enterprises is at the level of 16000-18000 yuan / ton. The price of the domestic R134a market has declined, and the operating rate of production equipment has remained low. The current downstream construction is not high, R134a demand is deserted. Purchasing in downstream industries was not active, and prices fell slightly. Downstream demand is poor, and prices in the fluorite market continue to fall due to this.

Overall, the market trend of the downstream refrigerant industry has declined, and the supply of fluorite has increased. In addition to the recent decline in the price of the hydrofluoric acid market, Chen Ling, an analyst at SunSirs, believes that the market price of fluorite may continue to fall.

If you have any questions, please feel free to contact SunSirs with msupport@sunsirs.com.