This week, the domestic fluorite price trend has slightly declined. As of the weekend, the average domestic fluorite price was 3396.25 yuan/ton, a decrease of 0.66% from the beginning of the week price of 3418.75 yuan/ton and a year-on-year decrease of 0.48%.
Supply side: Double pressure formed by accelerated resumption of production and increased import volume
1. Domestic mines and beneficiation plants accelerate resumption of work and production
With the warming of temperatures in northern production areas, the operating load of core production areas is gradually increasing. The safety and environmental protection inspections in major production areas such as Zhejiang and Inner Mongolia have slowed down, and the operating rate has increased, directly increasing the supply of spot goods. Although some resumption of work was delayed in the first quarter due to stricter safety supervision, it has basically returned to normal by mid to late April. In addition, the newly discovered fluorite mines in Sichuan, Gansu and other places have further strengthened the expectation of loose supply in the medium and long term. As a result, the domestic fluorite spot supply is sufficient, and the fluorite market has slightly declined.
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. The import source continues to increase in volume, and the price advantage is significant
The domestic dependence on foreign fluorite has exceeded 30%. After the end of the rainy season in Mongolia, the arrival volume in April and May increased significantly by about 40% month on month, and the import price was about 300-500 yuan/ton lower than that of domestic products. In addition, low arsenic fluorite (≤ 0.0005%) enjoys a zero tariff policy, effectively reducing import costs. The concentrated arrival of Mongolian fluorite at ports in East and North China has had a sustained suppressive effect on domestic market prices.
Demand side: Low core downstream operating rate, difficult to boost prices due to rigid demand
1. The hydrofluoric acid industry is suffering serious losses, and procurement is passively shrinking
The operating rate of hydrofluoric acid enterprises is only about 50%, and most of them suffer serious losses. They mainly purchase for essential needs and have a strong willingness to lower the price of upstream fluorite, basically maintaining only essential needs procurement. In addition, the mainstream contract price in June fell to 14500-15000 yuan/ton, but the demand follow-up was clearly insufficient, and there were signs of capacity utilization shrinking, resulting in a slight decline in the domestic fluorite price trend.
2. The refrigerant operating rate is difficult to exceed 50% due to quota restrictions
Affected by the refrigerant quota system and the relatively flat demand in the home appliance market, the operating rate of core refrigerants such as R22 and R32 is difficult to exceed 50%, which indirectly weakens the demand support for fluorite. Downstream hydrogen fluoride enterprises tend to be cautious in their procurement, adopting a strategy of on-demand replenishment and batch replenishment, only making phased purchases, and suppressing the domestic fluorite market price.
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 trend is that the operating rate of downstream fluorine chemical industry has not changed much, and downstream continues to observe, buying up instead of buying down to strengthen the downward trend. It is expected that the price of fluorite may slightly decrease, but the cost inversion is obvious, and the decline of fluorite is limited.

1、 Price trend
The price of soda ash fell in May, with an average market price of 1222 yuan/ton for light soda ash at the beginning of the month and around 1196 yuan/ton at the end of the month. The price dropped by 26 yuan/ton during the month, a decrease of 2.13%.
2、 Market analysis
According to data from Shengyi Society’s spot trading channel, the soda ash market experienced a weak downward trend in May. On the supply side, although the maintenance of soda ash plants was concentrated in May and the operating rate significantly declined, low-cost natural alkali production capacity such as Far Eastern Energy’s Alxa continued to be released, offsetting the reduction in maintenance supply. The total market output is still at a historical high, and supply pressure still exists; In terms of demand, the glass industry has multiple production lines undergoing cold repairs or shutdowns, with enterprises mainly consuming inventory and limited procurement of soda ash. The basic situation of soda ash shows a strong supply and weak demand pattern, which suppresses the price and causes the soda ash market to operate at a low level during the month.
As of May 31, 2026, the mainstream market price of light soda ash in East China is around 1100-1560 yuan/ton, a decrease of 50 yuan/ton compared to the previous period; The mainstream price of light soda ash in Central China is around 1050-1200 yuan/ton, a decrease of 10 yuan/ton compared to the previous period; The mainstream price of light soda ash in North China is around 1220-1300 yuan/ton, which remained stable compared to the previous month.
On the demand side: According to the commodity analysis system of Shengyi Society, glass prices have increased narrowly this month, with the average glass market price rising from 13.15 yuan/square meter to 13.25 yuan/square meter, an overall increase of 0.76%. The operating rate of the glass industry was relatively low during the month, and multiple production lines were undergoing cold repairs. Enterprises mainly raised prices, but the overall market inventory was high, and the supply performance remained loose. In addition, downstream demand was weak, and market trading was light. Under the situation of high supply and low demand, the increase in glass prices was limited, and the market fluctuated throughout the month.
Market forecast: Currently, the spot price of soda ash is mainly weak and stable, and some maintenance equipment will be restored in the later stage. The operating rate will increase, and market inventory pressure will continue to increase. Downstream glass industry consumption is slow, and the operating rate is low, which will not provide sufficient support for soda ash. In the short term, the pattern of strong supply and weak demand in the soda ash market is difficult to improve. It is expected that the soda ash market will continue to be weakly consolidated in the future, and specific attention will be paid to the market inventory consumption situation.

price trend
In May, the domestic PC market experienced narrow fluctuations, with spot prices of various brands fluctuating. As of May 31st, the mixed benchmark price of Business Society PC was around 16166.67 yuan/ton, a decrease of 1.02% from the beginning of the month.
Root cause analysis
On the supply side: During May, the operating rate of domestic PC aggregation enterprises decreased at a low level. The enterprise maintenance plan has been gradually implemented, and the industry load has dropped to around 63%, reaching a new low for the year. The loss of production continues to expand, with an average weekly output of less than 55000 tons. The shipment of polymerization plants is basically without pressure, and the willingness to raise prices is strong. Overall, the supply side’s support for PC continues to strengthen.
In terms of raw materials: As can be seen from the above chart, the domestic bisphenol A market first fluctuated and then declined in May. International crude oil experienced severe fluctuations, rebounding and then plummeting. Negative sentiment is transmitted downwards to acetone and phenol, causing varying degrees of decline in the market due to their drag. On the other hand, the supply of bisphenol A has limited changes while demand remains weak, and merchants are actively shipping, with a tendency to sell at discounted prices. The price trend within the range first stabilized and then fell, and the overall support for PC cost value weakened.
On the demand side: The sales situation of PC downstream factories is gradually entering the off-season, and the demand for sheet metal shells is weakening, resulting in low load levels for end enterprises. The current PC price remains high, and buyers are cautious in stocking up. The willingness to build a warehouse is poor, and the market is in a wait-and-see atmosphere. The liquidity of the source of goods is relatively slow, and the mentality of merchants is not strong. They offer according to the market, and there is an increase in profit sharing and order taking operations. The low-priced source of goods in the market needs to be digested, which creates a drag on the pricing focus of the aggregation factory. Overall, the demand side has poor support for PC spot prices.
Future forecast
The domestic PC market remained stable in May. The price of upstream bisphenol A weakened at the end of the month, and the cost value weakened its support for PC. Low load of domestic PC aggregation plants. On site trading is mainly based on weak demand, and buyers have a cautious mentality, taking whatever they need. Trading is mostly small orders. At present, the supply and demand of PC are weak, and the market orientation is unclear. It is expected that the consolidation market will continue in the short term.

The magnesium ingot market in Shaanxi has declined, with an average market price of 16600 yuan/ton as of now, and an average price of 16750 yuan/ton at the beginning of the month, a decrease of 0.90%.
This month’s market analysis
In May, the overall trend of domestic magnesium prices showed a fluctuating trend of “first suppression, then rise, and then fall back”. In the first half of the month, the price fell from a high level, continued to explore the bottom in the middle, and quickly rebounded in the second half due to multiple factors. At the end of the month, it was under pressure again and fell back, with significant overall fluctuations.
Supply and demand side
In early May, magnesium prices were under pressure to decline, mainly due to weak downstream demand and high supply side operating rates. Under the pressure of inventory accumulation, companies offered discounts and shipped, driving prices to continue to weaken; Mid market sentiment was bearish, and prices briefly fell to a low level during the exploration phase. In the latter half of the year, some enterprises showed an increased willingness to raise prices, coupled with periodic maintenance leading to a marginal contraction in supply. At the same time, downstream enterprises released demand for inventory replenishment at low prices, driving a rapid rebound in prices. But at the end of the month, downstream procurement returned to rationality, and demand sustainability was insufficient. Coupled with the outflow of some low-priced goods, prices fell again.
Future forecast
The short-term rebound momentum of magnesium prices has weakened, and the medium-term supply and demand pattern is still relatively loose. If there are no new positive drivers, the price may continue to fluctuate weakly in the future. It is expected that magnesium prices will mainly operate in the range of 16400-17000 yuan/ton, showing a bottom rising but weak upward trend.

In the second half of May, the industrial grade dimethyl carbonate market continued its weak downward trend. As of May 28th, the average price of industrial grade dimethyl carbonate in China was 3700 yuan/ton, a decrease of 2.42% during the period.
fundamental analysis
On the cost side, both methanol and epichlorohydrin have seen slight increases, but the price of dimethyl carbonate has unilaterally declined. The impact of cost fluctuations on dimethyl carbonate has weakened, and dimethyl carbonate is passively squeezing profits in exchange for shipments.
Supply side: The price decline is accompanied by a decrease of about 53% in operating rate, some equipment maintenance, and a certain contraction in the supply side. However, inventory pressure has not yet eased, and the benefits of supply contraction are completely offset by weak demand. Inventory pressure remains the main contradiction.
On the demand side, the overall downstream demand is weak, and the support for prices is insufficient, which is the core driving factor for the sustained weakness of the market. Downstream procurement willingness for electrolytes, PCs, and other products is sluggish, with a focus on essential needs and insufficient willingness to replenish inventory.
Market forecast:
The current price is approaching the cost line, coupled with supply contraction caused by some equipment maintenance, and the space for further significant decline is limited; However, the signal of weak demand and negative widening of the mean difference has not changed, making it difficult for prices to form a trend rebound. It is expected that dimethyl carbonate will fluctuate at a low level in the short term, and a bottoming signal is beginning to emerge.