SunSirs: Hydrofluoric Acid Prices Remained Stable This Week (November 18-22)

https://www.chemnet.com   Nov 26,2024 SunSirs

Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the price of anhydrous hydrofluoric acid in China remained stable this week. As of November 22, the benchmark price of hydrofluoric acid in SunSirs was 11,975.00 RMB/ton, an increase of 5.51% compared to the beginning of this month (11,350.00 RMB/ton).

Analysis review

Raw material side: The price of raw material fluorite had risen this week. The current 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, and as for new mines, mineral investigation work was still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Although the rectification action was coming to an end, the affected area had not narrowed. The difficulty of operating fluorite mines had increased, and the shortage of raw materials had limited the operation of fluorite enterprises. The supply of fluorite sources was still tight. According to the monitoring system of SunSirs, the price trend of domestic fluorite had risen this week. As of the weekend, the average price of domestic fluorite was 3,675 RMB/ton, an increase of 0.17% from the beginning of the week price of 3,668.75 RMB/ton, and a year-on-year decrease of 0.68%.

Demand side: The downstream refrigerant market had seen an upward trend, with continuous destocking throughout the year. Fluorine chemical companies within quota control had strong confidence in maintaining stable prices in the refrigerant market. As of November 22nd, prices in the foreign trade market were gradually increasing, and upstream products were mainly purchased on demand. Some models of devices were expected to undergo maintenance or shutdown. Overall, the market's consumption of raw materials was still limited. Affected by this, the domestic market price of hydrofluoric acid remained high and stable.

Market outlook

Recently, the supply of hydrofluoric acid had been tight, and some models of equipment were expected to undergo maintenance or shutdown. The market price of raw materials had risen, and downstream procurement was mainly based on demand. We adopt a wait-and-see and cautious attitude towards high priced raw material procurement. It is expected that the price of hydrofluoric acid will remain stable in the later period.

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