This week, the domestic fluorite price trend has slightly declined. As of the 17th, the average price of fluorite in China was 3550 yuan/ton, a decrease of 0.70% from the early week price of 3575 yuan/ton and a year-on-year decrease of 4.86%.

Supply side: Multiple factors affecting loose spot availability of fluorite
1. The mines are continuously resuming production, and the operating rate in the main production areas is increasing
Recently, the resumption of work in domestic fluorite mines and beneficiation plants has accelerated, and the core production areas in the north have gradually increased their operating load due to the warming weather; The safety and environmental protection inspections in major production areas such as Zhejiang and Inner Mongolia have slowed down, the operating rate has increased, and the supply of spot goods has increased. Newly discovered fluorite mines in Sichuan and Gansu have strengthened expectations of loose supply in the medium to long term, leading to a slight decline in the fluorite market.
2. Normalization of industry regulation makes it difficult to add new mines
As a national strategic scarce mineral, fluorite has been continuously upgraded in safety and environmental control in recent years, with increased efforts to control the total amount of mining and accelerated elimination of backward small and medium-sized mines, leading to a continuous increase in industry concentration. The approval process for new mines is strict, and mineral exploration is difficult. The effective production capacity growth of domestic fluorite is weak, and high-grade raw ore is becoming increasingly scarce. At the same time, the normalization of mining rectification and production restrictions measures has further compressed the market circulation of goods and suppressed the decline of fluorite raw materials.
3. Increase in import volume to alleviate the domestic supply-demand gap
The domestic dependence on foreign fluorite exceeds 30%. In January and February 2026, imports will continue to increase, with concentrated arrival at ports and prices generally 300-500 yuan/ton lower than domestic ones. In addition, low arsenic fluorite (≤ 0.0005%) in China has zero tariffs, further reducing import costs. Mongolia’s fluorite imports remain at a high level, driving down the domestic fluorite market prices.
Demand side: Traditional demand is weak, while rigid demand is the main source of procurement
The operating rate of hydrofluoric acid enterprises is only over 50%, and most of them are operating at a loss. The procurement of essential needs is the main focus, which significantly reduces the price of upstream fluorite. Downstream refrigerants (R22/R32, etc.) are affected by quota and flat demand for household appliances, and the operating rate is difficult to exceed 50%. The purchase of hydrofluoric acid is weak, and the fluorite market has declined. However, the demand for fluorine chemical products in the fields of new energy and new materials continues to grow, and the growth rate of demand for products such as lithium hexafluorophosphate and fluorine-containing polymers is impressive, indirectly driving the demand for fluorite. The resilience of medium and long-term demand is highlighted, providing support for fluorite prices and limiting the decline of fluorite market.
Market forecast: Due to the warming weather in northern production areas and the accelerated resumption of mining production, some manufacturers in the domestic fluorite market have high inventory; The operating rate of downstream fluorine chemical industry has not changed much, and downstream procurement is mainly based on demand. It is expected that the price of fluorite may slightly decrease, but the cost inversion is obvious, and the decline of fluorite is limited.