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Strontium Carbonate Prices Surge 100% as Global Supply Crisis Hits China's 70% Import Reliance

20 Jun 2025

Strontium Carbonate Prices Surge 100% as Global Supply Crisis Hits China's 70% Import Reliance

Keywords

China Import

Chemical
In June, a severe explosion at Iran's Bandar Abbas port disrupted its strontium carbonate export logistics. As the world's largest supplier of high-grade strontium carbonate, Iran controls 85% of global high-quality reserves and supplies 70% of China's imports. The incident has triggered extreme market volatility.
Prices Double, Hitting Record Highs
- China: Prices soared from ¥8,000/ton (Sept 2024) to ¥16,000/ton (June 2025), a 100% surge, with some traders quoting over ¥18,000/ton.
- Europe: CFR prices jumped from $1,200/ton to $2,400/ton, squeezing downstream industries.
Electronics and Glass Sectors at Risk
Strontium carbonate is critical for:
- Electronics: TV/phone screens, hard disk drives.
- Specialty Glass: CRT tubes, optical glass.
- Pyrotechnics: Fireworks manufacturing.
Global Supply Breakdown
- Iran dominates with 85% of high-grade celestite ore (feedstock for strontium carbonate), producing 98%+ purity-far surpassing China's sub-90% domestic ore.
- China's Dependency: Imports cover 70% of demand (38-40K tons/year), while domestic output lags at 28-30K tons/year.
Limited Domestic Relief
- Hongxing Development's 60K-ton/year Chongqing plant (startup: Aug 2025) will raise China's capacity to 260K tons/year.
- Jinrui Mining plans a 45K-ton expansion (construction begins late 2025).
Short-Term Outlook: If Iran's port recovery stalls, prices could breach ¥20,000/ton.
Disclaimer: Blooming reserves the right of final explanation and revision for all the information.
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