According to the monitoring of the Commodity Market Analysis System of Shengyi Society, the price trend of anhydrous hydrofluoric acid in China remained stable this week. As of September 13th, the benchmark price of hydrofluoric acid in Shengyi Society was 10750.00 yuan/ton, a decrease of -0.46% compared to the beginning of this month (10800.00 yuan/ton).

Supply side: The market price of raw sulfuric acid remains stable, but overall, production costs for enterprises are still under pressure. The mainstream price of hydrofluoric acid in various regions of China is negotiated at 10400-11300 yuan/ton, and some enterprises’ equipment is still parked and waiting for the market. The release of hydrofluoric acid production is limited, and the industry’s profits are low, resulting in increased losses.

Cost side: The domestic fluorite price trend has been weak and stable this week. As of September 13th, the benchmark price of fluorite in Shengyi Society was 3375.00 yuan/ton, a decrease of -1.82% compared to the beginning of this month (3437.50 yuan/ton). The domestic fluorite industry is in a game situation, and overall, the operating rate of enterprises has not changed much. The main reason is that upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, recent national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Some mines have conducted safety hazard inspections, making it more difficult for fluorite mines to start operating. The shortage of raw materials has limited the operation of fluorite enterprises, and the supply of fluorite sources is still tight. The price trend is weak and stable.

On the demand side: During the off-season of demand, there is limited new demand in the refrigerant market. Due to poor demand transmission, market production demand weakens after entering the off-season of production. Refrigerant companies have poor inventory and are not proactive in purchasing upstream products. The market for some refrigerant products has declined, and as a result, the market for hydrofluoric acid is weak and difficult to change.

Market forecast: Upstream raw material fluorite supply remains tight; The production costs of enterprises are still under pressure. The downstream refrigerant industry has entered the off-season with weak demand, and the enthusiasm for purchasing hydrofluoric acid has weakened. It is expected that the price of hydrofluoric acid will remain stable in the later period.