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SunSirs: The Price TTrend of Domestic Hydrofluoric Acid Market Fell bBack on April 16

April 17 2020 13:12:23     SunSirs (John)

Price trend

On April 15, the hydrofluoric acid commodity index was 96.10, down 0.45 points from the former day, down 31.57% from 140.43 (2018-02-21), the highest point in the cycle, and up 79.32% from 53.59, the lowest point on November 30, 2016. (Note: cycle refers to 2011-09-01 to now).


Analysis review   


According to statistics, the domestic hydrofluoric acid market price trend has fallen, and the domestic hydrofluoric acid market price is 10,590 RMB/ton. The domestic hydrofluoric acid operating rate is more than 60%, and the enterprises report that there is sufficient supply of spot hydrofluoric acid. Due to the impact of public health events, the downstream demand is reduced, and the recent market of hydrofluoric acid in the field is poor. Due to the poor demand in the downstream, the price trend of hydrofluoric acid market is declining. The current mainstream of hydrofluoric acid negotiations in the southern region is 9,000-10,500 RMB/ton, and the price of hydrofluoric acid in the northern market is 9,500-11,000 RMB/ton. The price trend of domestic hydrofluoric acid market has declined, and the supply of spot goods is sufficient, but the demand situation has not improved significantly, and the price trend of hydrofluoric acid has declined.

Industrial chain:

The price of fluorite in the upstream market is lower. Recently, the number of fluorite manufacturers has increased, the supply of fluorite is sufficient, and the price of fluorite has gradually declined, as of the 16th day, the price of fluorite is 2,961.11 RMB/ton. The decline of upstream raw material price has a certain negative impact on the hydrofluoric acid market. The price trend of hydrofluoric acid market has fallen affected by the decline of raw material fluorite price. The recent downturn in the automotive industry, the market trend of downstream refrigerants is relatively poor, the demand for refrigerants continues to decline, the domestic R22 supply is sufficient, and the domestic refrigerant R22 market price trend declines. The starting load of the manufacturer's production equipment is still not high, the supply of goods in the market is normal, the downstream air conditioning manufacturers stop more, the demand changes little, in addition to the impact of foreign public health events, the export is blocked, the transaction center moves down, the market is weak, and the mainstream price of domestic large enterprises is 16,000-18,000 RMB/ton. The price trend of domestic R134a market has declined, and the unit operating rate of production enterprises has remained at a low level. At present, the downstream operation is not high, and the demand for R134a is cold. In the near future, the procurement of downstream industry is not active, and the price drops slightly. The downstream demand is poor, and the price trend of hydrofluoric acid market continues to decline.


Market outlook

The transaction situation in the refrigerant field was relatively poor, and the operating rate of the device in the refrigerant industry remained low. In addition, the recent export volume was hit, and the demand for the upstream hydrofluoric acid market declined. However, with the sufficient supply of fluorite and poor downstream demand, the analyst of SunSirs believes that the market price of hydrofluoric acid may decline slightly.


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