In 2021, my country’s strontium carbonate market will be insufficiently supplied and the industrial structure will continue to be optimized.

Strontium carbonate is a carbonate of strontium metal, appearing in the form of white powder or granules. Strontium carbonate is odorless and tasteless, insoluble in water and alcohol, and easily soluble in ammonium chloride and ammonium nitrate solutions. Strontium carbonate is a chemical raw material with a wide range of downstream applications, including strontium salt preparation, electronic components, nanomaterials, metal smelting, ceramics, medicine, magnetic materials and other fields.

The upstream raw material of strontium carbonate is mainly celestite ore. Global celestite ore resources are scarce and unevenly distributed. They are mainly distributed in China, Spain, Mexico, Turkey, Iran and other countries. my country is rich in celestite mineral resources and its output ranks among the top in the world. Chongqing, Qinghai, Hubei and Jiangsu are the main celestite production areas. my country is a major producer of celestite and has a relatively sufficient supply of strontium carbonate raw materials.

According to the “2022 Strontium Carbonate Industry Investment Prospects Forecast and Investment Strategy Suggestions Report released by the Industrial Research Center, my country’s strontium carbonate production capacity Mainly concentrated in Hebei, Chongqing and other regions, production companies include Hebei Rixin, Chongqing Hongdie, Hongxing Development, Chongqing Qinglong, Nanjing Jinyan, Jinrui Mining, etc., of which Hongxing Development has a market share of approximately 30%. In recent years, as environmental protection supervision has become increasingly strict, backward production capacity of strontium carbonate has been gradually eliminated, and the market has continued to gather towards leading companies.

In 2021, due to factors such as the epidemic and environmental inspections, the supply of raw materials for strontium carbonate is insufficient, resulting in a shortage of strontium carbonate market and rising demand for strontium carbonate imports. Specifically, the import volume of strontium carbonate in 2021 will be more than 23,000 tons, an increase of more than 100 percentage points from 2020. Imported strontium carbonate mainly comes from Mexico and Germany, and the two regions together account for more than 90% of the total import volume.

In terms of price, in 2021, due to insufficient market supply, the price of strontium carbonate has increased significantly. In the first half of 2021, the price of strontium carbonate has increased by nearly 280.0%. This price increase trend has continued to the end of 2021; entering 2022, the market supply and demand of strontium carbonate Towards equilibrium, market prices show a downward trend.

Strontium carbonate production processes include metathesis, coal reduction, and strontium pyrolysis. As environmental protection supervision becomes increasingly strict and technology levels improve, the strontium carbonate market is gradually shifting towards high-end, environmentally friendly and refined products. In this context, relevant companies should speed up the adjustment of their product structure, shifting from the production of industrial-grade strontium carbonate to the production of electronic-grade strontium carbonate, high-purity strontium carbonate, nanometer strontium carbonate and other products.

Industry analysts said that strontium carbonate has a wide range of application fields, but the current demand growth in traditional application fields is limited. In the future, the growth of strontium carbonate consumption will depend on High-end strontium carbonate products with high precision and high added value. In order to improve profitability and expand the market, strontium carbonate companies still need to increase investment in independent research and development, optimize production processes, and produce high-purity, high value-added, and multiple types of strontium salt products.