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SunSirs: The Overall Market for Hydrofluoric Acid Continued to Decline in July

https://www.chemnet.com   Aug 01,2024 SunSirs

Price trend



According to the monitoring of the commodity market analysis system of SunSirs, the price trend of anhydrous hydrofluoric acid in China declined in July. As of July 31, the average price of anhydrous hydrofluoric acid in China was 11,333.33 RMB/ton, a decrease of 1.59% compared to the beginning of the month price of 11,516.67 RMB/ton.



Analysis review



Raw material side: Recently, due to the continuous rise in raw material sulfuric acid prices, the production costs of enterprises had been under pressure, and the hydrogen fluoride market had weakened and declined. According to the monitoring system of SunSirs, as of July 31st, the benchmark price of sulfuric acid in SunSirs was 340.00 RMB/ton, an increase of 30.77% compared to the beginning of this month (260.00 RMB/ton).



The situation of the game in the domestic fluorite industry still existed. Overall, the operating rate of enterprises had not changed much. Upstream mining was tight, backward mines will continue to be eliminated. As for new mines, mineral investigation work was still difficult. In addition, the national department will carry out renovation of fluorite mines in the near future, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. In addition, the high temperature and rainy weather in the southern region have increased the difficulty of operating fluorite mines, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources was still tight, and the decline in fluorite prices was somewhat restricted. Some domestic enterprises' facilities for hydrofluoric acid were still shut down and waiting for the market, resulting in limited release of hydrofluoric acid production, low industry profits, and increased losses.



Demand side: The bidding price for hydrogen fluoride from downstream refrigerant manufacturers was gradually being introduced, and the market was generally falling by 300 RMB/ton. In the off-season of demand, the production demand for refrigerants in the market has weakened, and air conditioning companies have entered the annual maintenance season. In addition, with the recent continuous rainy weather, refrigerant companies had poor stocking conditions and were not actively purchasing upstream products.



Market outlook



Recently, the price of upstream sulfuric acid has continued to rise, putting significant pressure on the production cost of hydrofluoric acid. The downstream refrigerant industry has entered the off-season with weak demand, which has weakened the enthusiasm for purchasing hydrofluoric acid. It is expected that the price of hydrofluoric acid will remain weak and stable in the later period.



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