Fluorspar Prices, News, Demand & Supply | ChemAnalyst
by Chem Analyst Chemical Database PriceIn the fourth quarter of 2023, Fluorspar prices
in Mexico exhibited a volatile pattern. Initially, heightened demand from the
construction sector and US market inquiries drove the market. Additionally,
limited availability of finished Fluorspar stocks further fueled price
increases.
Mexico experienced a notable
impact, with increased inquiries from the construction and Hydrofluoric Acid
industries. Fluorspar availability in Mexico met demand from manufacturing
firms, yet low operating rates and a year-end slowdown in mining activities
escalated supply-side pressures.
Subsequently, Fluorspar prices in
the Mexican market dropped. Reduced demand from the construction sector
contributed to this decline. Furthermore, insufficient inquiries from
refrigerant industries during the winter season failed to support price increases.
Consequently, suppliers were compelled to lower prices to stimulate demand and
clear excess stock. By the end of the quarter, the price of Fluorspar in Mexico
stood at USD 440/MT.
Track Real Time Fluorspar
Prices: https://www.chemanalyst.com/Pricing-data/fluorspar-1470
In the MEA region during Q4 2023,
Fluorspar pricing was influenced by various factors. Initially, limited mining
activities led to a gap between supply and demand, driving prices upwards.
Moreover, heightened inquiries from the downstream construction sector
bolstered market sentiment, prompting manufacturers to increase prices. The
availability of finished stocks was also constrained, adding to the upward
pressure on prices.
South Africa, in particular,
witnessed significant price changes. Decreased mining production in the country
affected Fluorspar supply in the domestic market. Concurrently, ongoing issues
with load-shedding impacted the manufacturing sector, reducing profitability.
Additionally, in December, as businesses adjusted their inventory levels to
match lower demand during the destocking season, an oversupply situation
emerged, intensifying competition among suppliers and leading to price
reductions to maintain competitiveness.
Nevertheless, prices in South
Africa experienced a 6% increase compared to the same quarter last year,
despite a 4% decrease from the previous quarter, reflecting market
fluctuations. Moreover, comparing the first and second half of the quarter,
there was a 6% decrease in prices. Overall, the latest price of Fluorspar
Ex-Durban in South Africa for Q4 2023 stands at USD 455/MT.
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Created on Mar 12th 2024 03:30. Viewed 73 times.