For the Quarter Ending September 2025
North America
鈥� In the USA, the Fluorspar Price Index rose by 3.67% quarter-over-quarter, reflecting tighter imports and caution.
鈥� The average Fluorspar price for the quarter was approximately USD 480.67/MT, CFR Houston basis assessment
鈥� Fluorspar Spot Price tightened as imports fell and freight rose, supporting near-term price firmness levels.
鈥� Fluorspar Price Forecast suggests modest upside while Fluorspar Production Cost Trend rises with freight pressures.
鈥� Fluorspar Demand Outlook stays muted in refrigerant and HF markets, while steel sustains baseline consumption.
鈥� High inventories at US terminals pressured the Fluorspar Price Index, constraining spot negotiations and margins.
鈥� Domestic project developments offer strategic support but limited immediate output, slowly reducing import dependence expectations.
鈥� Port operations remained stable, but rising inland freight increased landed costs, affecting procurement timing decisions.
Why did the price of Fluorspar change in September 2025 in North America?
鈥� Tight import availability from key exporters reduced supply, tightening spot availability, and supporting CFR levels.
鈥� Elevated freight and port handling costs increased landed production cost, transmitting cost-push pressures to prices.
鈥� Soft downstream procurement and inventories prompted buying restraint, muting demand pull for HF and refrigerants.
APAC
鈥� In Japan, the Fluorspar Price Index fell by 3.8% quarter-over-quarter, reflecting weak demand, high inventories.
鈥� The average Fluorspar price for the quarter was approximately USD 505.67/MT, reflecting soft procurement levels.
鈥� Japan's Fluorspar Spot Price volatility narrowed as steady imports persisted, yet port stocks remained elevated.
鈥� The Fluorspar Price Forecast suggests modest upside from seasonal restocking amid constrained exports by buyers.
鈥� Freight increases and yen weakness shaped the Fluorspar Production Cost Trend, lifting landed cost pressures.
鈥� Fluorspar Demand Outlook remains soft as hydrofluoric acid and refrigerant procurement stay subdued across sectors.
鈥� Export variability and port destocking influenced the Fluorspar Price Index trajectory, tempering declines this quarter.
鈥� Major supplier production variability and seasonal mine inspections constrained availability, affecting Fluorspar Spot Price dynamics.
鈥� Downstream selective restocking gradually drew down inventories, providing modest support to the Fluorspar Price Index.
Why did the price of Fluorspar change in September 2025 in APAC?
鈥� Import-dependent supply met softer domestic demand, leaving elevated inventories and reducing spot buying pressure materially.
鈥� Yen depreciation and higher freight increased landed costs, prompting cautious procurement and delaying restocking activity.
鈥� Seasonal mine inspections and variable export flows constrained availability, tightening supply and supporting price rebounds.
MEA
鈥� In South Africa, the Fluorspar Price Index fell by 0.7% quarter-over-quarter, reflecting weaker export demand.
鈥� The average Fluorspar price for the quarter was approximately USD 428.33/MT, reflecting muted export activity.
鈥� Constrained port throughput tightened availability, supporting Fluorspar Spot Price against the Price Index trend short term
鈥� Fluorspar Production Cost Trend showed pressure from inland transport and energy costs, squeezing producer margins
鈥� Fluorspar Demand Outlook stayed subdued as HF producers bought on demand, limiting restocking and offtake
鈥� Inventory build-up at producer sites pressured the Fluorspar Price Index despite export buying from Asia
鈥� Operational maintenance and safety inspections reduced shipments, influencing the Fluorspar Price Forecast for the coming months
鈥� Producers scaled back forward offers amid profitability pressure, moderating export volumes and regional market recovery
Why did the price of Fluorspar change in September 2025 in MEA?
鈥� Port congestion, inland logistical disruptions delayed shipments, reducing export flow, and pressuring September spot availability
鈥� Weak downstream demand from the hydrofluoric acid and refrigerant sectors reduced procurement, lowering the quarterly Price Index
鈥� Elevated transport and energy costs raised production cost base, constraining margins and prompting cautious offers.
For the Quarter Ending June 2025
North America
鈥� The U.S. Fluorspar Price Index had fallen 2.1% in Q2 2025, underpinned by bearish sentiment worldwide and muted domestic downstream demand.
鈥� The Fluorspar Spot Price had been between USD 450鈥�475/MT FOB Gulf Coast, trending marginally lower month-on-month owing to an inventory overhang and poor consumption in the refrigerant and hydrofluoric acid (AHF) markets.
鈥� The Q2 price decline had been influenced mainly by low demand from AHF and refrigerant producers, combined with high inventory levels and conservative procurement practices.
鈥� The Fluorspar Production Cost Trend had been steady for the quarter, buoyed by flat sulfuric acid input prices. Nevertheless, U.S. dependence on imports鈥攎ainly from Mexico and South Africa鈥攔esulted in logistics costs continuing to be a major factor.
鈥� Interior domestic fluorspar production had continued to be insignificant, with the U.S. still dependent upon imports. While port operations remained effective, inland trucking limitations and foreign exchange rates had affected cost of delivery.
鈥� The Fluorspar Demand Outlook had weakened as blending activity within the refrigerant market and HVAC servicing needs reduced amidst softer weather and lower automotive maintenance activity.
鈥� While long-term growth potential with regard to clean technology and semiconductors was still good, near-term fluorspar usage had remained poor, restraining any price recovery.
鈥� The Fluorspar Price Forecast for Q3 2025 had pointed to range-bound movement, with minor upside expected only if the AHF and refrigerant sectors recovered after the summer.
Asia-Pacific
鈥� The Fluorspar Price Index in Japan had fallen by 2% in Q2 2025, continuing the downward trend observed since May.
鈥� The Fluorspar Spot Price had been assessed at USD 460鈥�490/MT CFR Tokyo, reflecting weakening demand from refrigerant manufacturers and the semiconductor sector.
鈥� The price decline in Q2 had resulted from muted procurement activity, elevated inventories, and pressure on producer margins in the electronics and refrigerant industries.
鈥� The Fluorspar Production Cost Trend had been adversely affected by the depreciation of the Japanese yen, which had inflated import costs despite global feedstock price relief.
鈥� Japan had remained entirely reliant on imports from China, Mongolia, and South Africa. Spot transactions had been limited, with buyers maintaining a strong focus on cost control.
鈥� The Fluorspar Demand Outlook had remained muted, especially across refrigerants, semiconductors, and fluorochemical production.
鈥� Although growth sectors such as battery materials and hydrogen electrolysis offered long-term demand potential, the current offtake volumes had remained insufficient to support prices.
鈥� The Fluorspar Price Forecast for Q3 2025 had indicated a continuation of the soft price trend unless refrigerant exports recovered or tech-sector demand improved notably.
Europe
鈥� The Fluorspar Price Index in Europe had declined slightly in Q2 2025, influenced by sluggish demand and broader macroeconomic uncertainty.
鈥� The Q2 price reduction had been attributed to low downstream demand in AHF and fluoropolymer sectors, along with persistent inventory buildup.
鈥� The Fluorspar Production Cost Trend had remained steady, underpinned by stable sulfuric acid costs and improved energy management in regional processing units.
鈥� Domestic supply had remained adequate through continued imports from South Africa and China, which had helped maintain inventory balance.
鈥� The Fluorspar Demand Outlook across France, Belgium, and Germany had remained subdued, as the construction and industrial cooling sectors failed to rebound significantly.
鈥� Most refrigerant and chemical manufacturers had adopted short-cycle procurement strategies, refraining from speculative buying due to uncertain downstream demand.
鈥� The Fluorspar Price Forecast for Q3 2025 had indicated a slight downward bias, barring any resurgence in regional auto output or temperature-driven cooling demand.
Middle East & Africa (MEA)
鈥� The Fluorspar Price Index in MEA, particularly South Africa, had declined moderately in Q2 2025, reflecting persistent weakness in international demand and limited downstream activity.
鈥� The Fluorspar Spot Price had ranged between USD 390鈥�415/MT FOB Durban, pressured by reduced exports to key markets such as China, Europe, and Japan.
鈥� The Q2 price drop had been driven by subdued offtake in hydrofluoric acid (AHF) and refrigerant sectors, along with global oversupply and soft procurement sentiment from major buyers.
鈥� The Fluorspar Production Cost Trend had remained mixed鈥攚hile stable sulfuric acid input prices supported margins, rising inland transport costs and port congestion had constrained export efficiency.
鈥� South Africa鈥檚 domestic production had remained steady at key mining hubs in Limpopo and Northwest provinces, though logistics bottlenecks and poor port throughput had limited outbound volumes.
鈥� The Fluorspar Demand Outlook within MEA had stayed weak, as internal consumption remained minimal and exports faced headwinds from trade friction and inventory overhang in destination markets.
鈥� Exporters had shifted to short-term contracts and reduced spot offerings amid profitability concerns and macroeconomic volatility in key buyer regions.
鈥� The Fluorspar Price Forecast for Q3 2025 had suggested continued pressure unless international refrigerant demand recovered or port logistics improved significantly.
For the Quarter Ending March 2025
North America
In Q1 2025, fluorspar prices in the U.S. market moved northwards, experiencing minor fluctuations driven by shifts in demand and supply dynamics. In January, prices remained stagnant despite steady demand expectations, as the broader global market slowed down. Stable raw material costs, such as hexafluoropropylene and sulfuric acid, helped ease production costs.聽
In February, fluorspar prices decreased by 0.7% to USD 450/MT due to reduced demand from key sectors like hydrofluoric acid production and slower industrial activity in aluminum and steel manufacturing. A surplus in material supply from Mexico balanced the slowdown in domestic production. By March, prices showed slight upward momentum as signs of a recovery emerged in manufacturing and industrial activity, with steady raw material availability helping stabilize the market.
聽Despite ongoing challenges in the fluorspar industry, particularly the tight upstream mining supply and slow exploration of new deposits, the market outlook began to improve, supported by stable raw material costs and expectations of a gradual recovery in demand. The U.S. fluorspar market is poised for cautious growth moving forward.
APAC
In Q1 2025, fluorspar prices in Japan showed a consistent upward trend, driven by steady demand from key sectors such as hydrofluoric acid (HF) and coatings, alongside strong growth in energy storage and electric vehicle industries. Early in January, prices began to rise due to stable demand expectations, despite the typical post-festive season slowdown. The trend continued into February and March, with prices increasing by 2% and 0.9%, respectively, fueled by higher raw material costs like sulfuric acid and steady demand from downstream industries. Despite the challenges in the fluorspar industry, such as constrained supply due to the closure of outdated mining facilities and slow exploration of new deposits, fluorspar producers demonstrated resilience with improved operational rates. Additionally, reduced fluorspar exports from China, especially acidspar, further tightened supply dynamics in Japan. The demand for high-grade metallurgical spar used in electric vehicle batteries, along with robust demand for acid-grade fluorspar in HF production, continued to support price increases. The overall outlook for fluorspar in Japan remains positive, underpinned by rising demand from critical sectors.
Europe
In Q1 2025, fluorspar prices in the European market remained relatively stable, with slight fluctuations influenced by supply-demand dynamics and raw material costs. In January, fluorspar prices were steady, supported by consistent demand from key sectors such as hydrofluoric acid (HF) production and coatings, despite a typical post-holiday market slowdown. Supply remained tight due to constrained mining operations, and the closure of older mines in some regions added pressure. Prices continued to show minimal change in February as demand from the steel and aluminum industries softened, leading to a slight decrease in consumption. However, stable raw material prices, including sulfuric acid, helped alleviate production cost pressures, maintaining price stability. By March, fluorspar prices showed a modest upward trend, driven by improved industrial activity and steady demand from downstream sectors, particularly the HF and coatings industries. Supply remained constrained, with European producers facing challenges in securing sufficient quantities from mining operations. Overall, fluorspar prices in Europe remained stable with a slight upward bias, supported by consistent demand and stable raw material costs, although supply constraints persisted.
MEA
In Q1 2025, fluorspar prices in the MEA region declined along with the subdued global market and mixed demand conditions. In January, fluorspar prices held steady, supported by consistent raw material costs, such as hexafluoropropylene, sulfuric acid, and fluorite. However, the region's fluorspar industry faced challenges from tight upstream supply, with older mines being phased out and the exploration of new deposits proving difficult. This stability in mining operations, coupled with a steady supply of raw materials, helped producers maintain consistent operational levels. February saw a slight decline in prices, particularly in South Africa, where fluorspar prices dropped by 0.7% to USD 460/MT, driven by lower demand from downstream sectors like steel and aluminum production. This trend continued into March, with market sentiment remaining cautious due to softening demand in key industries and ongoing global uncertainties. Despite the reduced demand, analysts expect prices to stay stable, supported by controlled production levels and consistent raw material costs, with industry stakeholders awaiting signs of recovery in the coming months.
For the Quarter Ending December 2024
North America
In Q4 2024, Fluorspar prices showcased mixed market dynamics impacting in the North American market. The demand for Fluorspar remained robust due to its critical role in the production of AHF, which is essential for manufacturing fluoropolymers, refrigerants, and specialty chemicals. The cost of key raw materials, such as sulfuric acid and hexafluoropropylene, remained stable, preventing significant price fluctuations for Fluorspar.聽
Despite some challenges faced by the domestic fluorspar industry, such as limited upstream mining supply and regulatory hurdles, U.S. Fluorspar producers managed to maintain steady operations, with production rates remaining relatively stable. The stability in mining operations and consistent demand from AHF and coatings activities helped to stabilize Fluorspar prices. Additionally, the ongoing phased-out production from outdated mines, coupled with the difficulty in exploring new mineral deposits, further constrained supply, but the overall market remained steady.聽
While there were some shipping challenges due to potential labor disruptions and rising tariffs, these had minimal impact on the domestic market鈥檚 price stability, with most prices remaining unchanged throughout the quarter.
APAC
In Q4 2024, the Fluorspar market in the APAC region showed stability, with prices experiencing modest increases, driven by steady demand from key industries such as aluminum production, refrigerants, and anhydrous hydrofluoric acid (AHF) production. The cost of sulfuric acid, a key feedstock in Fluorspar extraction, remained relatively stable in October, easing potential cost pressures on Fluorspar production. Despite earlier price fluctuations in sulfuric acid, their overall impact on Fluorspar prices was minimal.聽
Market participants remained optimistic, especially with the continued strong demand for AHF, which is crucial for producing fluoropolymers and specialty chemicals, propelling Fluorspar consumption in the region. However, the market faced some logistical challenges, particularly in Southeast Asia, where disruptions at major ports due to seasonal factors and typhoon threats contributed to supply chain difficulties.聽
Despite these disruptions, demand for Fluorspar remained robust, with growing consumption driven by its role in the manufacturing of fluoropolymers used in sectors like construction and automotive. Analysts expect Fluorspar prices to stay supported by stable raw material costs and controlled production levels, alongside a steady demand outlook from AHF production facilities. While energy price fluctuations and geopolitical tensions in Europe and the rest of the world could influence global Fluorspar dynamics, the outlook for the APAC region remains positive heading into Q4 2024.
Europe
In Q4 2024, the European Fluorspar market experienced bullish behavior, with prices holding steady due to balanced supply and demand dynamics. The demand for Fluorspars remained strong, particularly from wastewater treatment, paper, and textile industries, as tightening environmental regulations and an increasing focus on sustainability continued to drive growth in these sectors.聽
The water treatment sector saw heightened demand due to industrial activity and seasonal factors like the winter months, which boosted the need for effective water management solutions. The drop in crude oil prices offered relief to production costs, contributing to price stability in the region. The supply chain remained tighter amidst the congestion and the strike throughout the quarter impacting the supply flow.
Despite these positive conditions, the European market faced challenges due to the broader economic slowdown, particularly in the petrochemical sector, which dampened growth prospects. Nonetheless, the ongoing demand for water treatment solutions and sustainability-focused industrial practices helped maintain a stable Fluorspar market across Europe throughout the quarter.
MEA
In Q4 2024, the Fluorspar market in MEA region demonstrated a generally stable performance, with prices experiencing slight increases in October and November before facing a decline in December. Throughout the quarter, stable raw material costs, particularly sulfuric acid and hexafluoropropylene, helped maintain price stability.聽
The demand for Fluorspar remained strong, primarily driven by key industries such as aluminum production, refrigerants, and the manufacturing of anhydrous hydrofluoric acid (AHF), which provided consistent support to the market. In November, demand from AHF production facilities continued to bolster confidence in the market, contributing to a more optimistic outlook.聽
However, the MEA region saw a slowdown in December, influenced by the global dip in industrial activity during the festive season. While domestic production remained steady, challenges in upstream mining and logistics, including port disruptions and shipping concerns, impacted the overall market. Despite these challenges, the Fluorspar market in the MEA region ended the quarter on a stable note, with a positive demand outlook for the coming months into 2025.
