Weak Demand Pictures Bearish Outlook on Fluorspar Prices for February 2024

Weak Demand Pictures Bearish Outlook on Fluorspar Prices for February 2024

Gabreilla Figueroa 21-Feb-2024

Mexico: Throughout xxxx, weak demand from the downstream construction sector has challenged the market fundamentals of various chemicals, including Fluorspar. Since the year&#xx;s start, destocking sentiments have prevailed in the European region, with downstream manufacturers less willing to build up inventories. Manufacturers have been reducing their offers to stimulate new market shipments. Moreover, the winter season has also put substantial pressure on demand for the downstream refrigeration industry. Simultaneous tightening of policies by global central banks has negatively impacted fluorspar demand, leading to a decline in prices on a global scale.This has resulted in weakened consumption rates of Flourspar andimpact can be seen on he prices.

In Mexico, the price of Fluorspar demonstrated a decline of USD xx per ton last month. This decrease is primarily due to reduced demand from the construction sector, leading to oversupply and downward pressure on prices. Moreover, demand from downstream...

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