This week, the domestic fluorite price trend has slightly declined. As of the weekend, the average domestic fluorite price was 3493.75 yuan/ton, a decrease of 0.71% from the beginning of the week price of 3518.75 yuan/ton and a year-on-year decrease of 4.44%.
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. Maintain high import volume to alleviate the domestic supply-demand gap
The domestic dependence on foreign fluorite exceeds 30%. From January to March 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 about 50%, and most of them suffer serious losses. 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 the flat demand for quotas and household appliances, and the operating rate is difficult to exceed 50%. Downstream hydrogen fluoride companies tend to be cautious about purchasing fluorite, adopting a strategy of on-demand replenishment and batch replenishment, and only conducting phased purchases. Conventional procurement plans have generally slowed down, which has led to a decline in the fluorite market. 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.

According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon at the beginning of the week was 12933 yuan/ton, and the price of activated carbon at the end of the week was 12866/ton, a decrease of 0.52% in price.
The prices of domestic coconut shell activated carbon manufacturers have risen this week. The ex factory price of activated carbon for coconut shell water purification in East China is between 9500-13000 yuan/ton, while the price of columnar coal activated carbon with an iodine value of around 1000 yuan/ton is between 8200-9500 yuan/ton. The supply of coconut shells in Southeast Asia is tight, but the impact of new maritime regulations (dangerous goods declaration) has weakened, and the high price of imported carbonized materials has fallen, easing cost pressure.
The arrival of coconut shells in Southeast Asia is stable, the price of carbonized materials is weak, and costs have fallen. Manufacturers are operating normally in terms of supply and demand, while water treatment and exhaust gas demand are average. The willingness to stock up is weak, and the shipping cost of dangerous goods by sea is stable without additional charges.
Prediction: Domestic coconut shell activated carbon transactions fell short of expectations, coupled with a high-level decline in raw materials, it is expected that the price of activated carbon will mainly fluctuate in the short term.

This week, the domestic acrylic acid market continued its downward trend, with the price center continuously shifting downwards. According to data from Shengyi Society, the benchmark price of acrylic acid on May 7th was 9916.67 yuan/ton, a decrease of 2.3% from the beginning of the month (10150 yuan/ton). Under the dual effects of supply and demand game and cost transmission, the market has a significant downward trend, with strong downstream wait-and-see sentiment and overall weak trading.
1、 This week’s core market performance
From the perspective of price trends, the acrylic acid market continued its downward trend this week, with prices falling below the 10000 yuan mark. The daily decline during the week reached 2.3%, and it has fallen more than 3000 yuan/ton from the previous high of 13116.67 yuan/ton. The market as a whole presents a pattern of “upstream concessions and downstream wait-and-see”, with production enterprises gradually showing pressure on shipment, and quotations continuing to decline with market sentiment. However, downstream buyers generally adopt a wait-and-see attitude, with rigid demand procurement as the main focus, insufficient follow-up on large orders, and a weak market trading atmosphere.
From the perspective of the cyclical price position, the current price of acrylic acid is in the low range of the past 10 days, 20 days, and 30 days. The 60 day position is at a medium low level, and the 90 day and one-year dimensions are at a medium level. The signals of “10 day oversold, 20 day oversold, and 30 day oversold” in the early stage have gradually eased, and the short-term price has entered a stage low area, but there is no clear signal of stopping the decline and stabilizing.
2、 Factors causing price decline
1. Supply side:
Previously, the price of acrylic acid soared to over 13000 yuan/ton, significantly restoring the industry’s profit margin. The enthusiasm of enterprises to start production has increased, and the overall market supply of goods is in an abundant state. As prices fall, the selling pressure of high inventory in the early stage gradually becomes apparent. Some companies actively lower their quotations to alleviate shipping pressure, further driving the market price center downward and forming a cycle of “price decline inventory pressure further price reduction”.
2. Demand side:
Acrylic acid is mainly used downstream in acrylic esters SAP、 In the field of high water absorbent resin, downstream enterprises have shown weak overall purchasing willingness this week, with no significant improvement in terminal demand. There is a strong resistance to high priced raw materials, and the procurement rhythm is mainly based on on-demand procurement, lacking large-scale stocking actions. Especially in the acrylic acid industry, its own profits are also affected by weak demand from downstream industries such as coatings and adhesives, which limits the increase in operating rates and makes it difficult to effectively support the procurement demand for acrylic acid. The market’s wait-and-see atmosphere continues to be strong.
3. Cost side:
Although there have been periodic fluctuations in upstream propylene prices, the overall cost support for acrylic acid has significantly weakened. With the rapid decline of acrylic acid prices, the upward logic driven by previous costs has been broken, and the market mentality has shifted from bullish to cautiously bearish.
3、 Market Forecast Based on the Business Society Spot Communication System
Based on the technical signals from the Business Society Spot Market Analysis System, the current downward trend in the acrylic acid market has not been completely reversed, and may continue to fluctuate weakly in the short term. In the medium term, attention should be paid to the opportunities for stabilization brought about by changes in the supply and demand margin.

Recently, the domestic formic acid market has shown a trend of “rapid bottoming out first, followed by sustained sideways”. As of May 7th, the benchmark price of 85% industrial grade formic acid in China was 2400 yuan/ton, a decrease of 20% month on month and 20.88% year-on-year.

April 27th is the key point for the current round of formic acid price decline, and the market has experienced a significant drop in prices. On that day, the mainstream transaction average price of formic acid with 85% content in China fell to 2400 yuan/ton, a significant decrease of 7.69% from the previous working day, and the price once again broke the recent low. This round of price decline is not a sudden market trend. During the weekend, some formic acid manufacturers have taken the lead in opening a low-priced shipping mode, actively offering discounts to clear inventory, which has directly become the main reason for the market price decline. The weakness on the demand side further amplified the downward pressure. At that time, the downstream terminal market had a strong wait-and-see attitude, and most buyers predicted that there was still room for a downward trend in market prices. The willingness to actively stock up was weak, with only a small amount of essential replenishment. The overall market transactions were light, and the supply-demand imbalance pushed the price of methyl acid to quickly bottom out. After the price hit bottom, the formic acid market quickly stopped falling and stabilized, and began a continuous sideways consolidation mode from April 28th.

After the end of the May Day holiday, there was no significant change in the domestic formic acid market on May 6th, and the horizontal stability pattern continued. The mainstream transaction average price of 85% formic acid remained stable at 2400 yuan/ton. The market supply and demand structure remained basically stable before and after the holiday, with no positive news such as production cuts or shortages on the supply side, and the supply of goods remained sufficient and stable. There has been a slight positive change in inventory levels, driven by the concentrated shipment of low-priced orders before the holiday, and some production enterprises have experienced a slight decline in inventory during the holiday period compared to the previous period, which has slightly eased the inventory pressure in the industry. However, there has been no substantial rebound on the demand side, and downstream terminals are still dominated by rigid procurement. The overall trading pace in the market is slow, lacking significant upward momentum.
In the future, the trend of formic acid market will highly rely on the recovery of downstream demand. If the operating rate of the terminal industry increases in the future and the demand for concentrated replenishment is released, it is expected to drive market trading to recover and promote price stabilization and recovery; If demand continues to be weak, the market may continue the weak pattern of “stable pricing and actual profit sharing”. Specific attention still needs to be paid to changes in market supply and demand.

1、 Price trend
According to data monitored by Business Society, as of April 29th, the average price of domestic industrial grade high-quality cyclohexane was 7516 yuan/ton. This week, the market price of cyclohexane showed a fluctuating downward trend. At the beginning of the week, the market average price was in a relatively stable range, but with changes in market supply and demand, the price gradually decreased. As of the weekend, the mainstream market price of cyclohexane has fallen by about 200-300 yuan/ton compared to the beginning of the week. The price performance varies in different regions. As the main consumer and trading area of cyclohexane, the East China region has a relatively large price decline, while the North China region has relatively strong prices, but there is also a certain degree of decline.
2、 Market analysis
Market wise: In April, the trading activity of the cyclohexane market was generally average. In the early stages of price increases, traders and downstream enterprises showed increased purchasing enthusiasm and market trading volume. However, as prices continued to rise, downstream enterprises began to adopt a cautious attitude towards high priced cyclohexane, gradually reducing their purchasing volume. Some small downstream enterprises even reduced their production scale to cope with the pressure of rising costs.
In terms of demand: solvent industry: The demand for cyclohexane in the solvent industry has also decreased. With the improvement of environmental requirements, some solvent companies have begun to look for alternative products, reducing the use of cyclohexane. At the same time, fierce market competition has led to a decline in solvent product prices, squeezing the profit space of enterprises and further suppressing the demand for cyclohexane.
Production situation: The overall operating rate of domestic cyclohexane production enterprises this week is at a relatively high level. Part of the devices that underwent preliminary maintenance have resumed production, further increasing market supply. The operating rate of some large enterprises remains above 80%, which continues to increase market supply pressure.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the situation of oversupply in the market is difficult to change in the short term, and downstream demand is also unlikely to improve significantly in the short term. If the price of raw material benzene continues to decline and the cost of cyclohexane further decreases, the price may continue to decline.