SunSirs: Hydrofluoric Acid Prices Remained Stable at a High Level in November

https://www.chemnet.com   Nov 28,2024 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 at a high level this month. As of November 27th, 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 has increased this month. The situation of the game in the domestic fluorite industry still existsed Overall, the operating rate of enterprises has 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, national departments needed to rectify fluorite mines, and fluorite mining enterprises were facing increasingly strict safety and environmental protection requirements. Although the rectification action was coming to an end, the affected area has not narrowed. The difficulty of operating fluorite mines has 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, as of November 28th, the benchmark price of SunSirs's fluorite was 3,675.00 RMB/ton, an increase of 4.63% compared to the beginning of this month (3,512.50 RMB/ton).

Demand side: Entering the off-season, downstream refrigerant market demand weakened. Some models of devices are expected to undergo maintenance or shutdown. For the decline in demand for upstream products, on-demand procurement was the main focus. Affected by this, the domestic hydrofluoric acid market price may experience a slight correction.

Market outlook

Recently, the supply of hydrofluoric acid has been tight, and the market price of raw materials has risen. The demand for downstream refrigerants has weakened, and some models of equipment are expected to undergo maintenance or shutdown. It is expected that the price of hydrofluoric acid may experience a correction in the later period.

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