Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the domestic anhydrous hydrofluoric acid market showed a stable trend this week. As of January 15th, the benchmark price of hydrofluoric acid in SunSirs was 11,500 RMB/ton, a decrease of 0.72% from the beginning of this month.

Analysis review

Raw material side: The price of raw fluorite remained stable this week. The situation of the game in the domestic fluorite industry still existed. Overall, the operating rate of enterprises has 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 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 has limited the operation of fluorite enterprises. The supply of fluorite sources was still tight. The price of fluorite still provided some support for the hydrofluoric acid market. According to the monitoring system of SunSirs, as of January 15th, the benchmark price of SunSirs's fluorite was 3,603.75 RMB/ton, a decrease of 0.52% compared to the beginning of this month (3,622.50 RMB/ton).

On the demand side: As the end of the year approaching, refrigerant quotas were depleted, inventory remained low, but there was still a demand for stocking downstream, and market prices continued to remain firm.

Market outlook

High support from the raw material side, insufficient profit margin in the hydrofluoric acid industry, low downstream inventory, and still high and firm quotations provided favorable support for the hydrofluoric acid market. Overall, the hydrofluoric acid market will mainly maintain the status quo next week, and more attention should be paid to the news of leading enterprises and market supply and demand.

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