Price trend

The demand for hydrofluoric acid in the market is weak in June, and the price trend declines. The mainstream ex factory price including tax in East China is about 10,700-10,850 RMB/ton, a decrease of about 650 RMB/ton from last month. According to the analysis system of SunSirs, as of June 26th, the benchmark price of hydrofluoric acid in SunSirs was 11,133.33 RMB/ton, a decrease of 6.31% compared to the beginning of the month (11,883.33 RMB/ton).

Analysis review

On the raw material side, the domestic fluorite price trend continues to decline in June. As of June 26th, the benchmark price of fluorite in SunSirs was 3,243.75 RMB/ton, a decrease of 7.16% compared to the beginning of this month (3,493.75 RMB/ton). The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tight, backward mines will continue to be eliminated, and as for new mines, mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. However, as the temperature rises, northern enterprises gradually start operating, and the supply of fluorite enterprises on site has increased, with sufficient inventory. The price center of fluorite market has decreased, and the cost support of hydrofluoric acid is weak, resulting in a decline in hydrofluoric acid prices in June.

On the demand side: Although the downstream refrigerant market is in the traditional peak season, due to weak terminal demand and low stocking enthusiasm, upstream products are mainly purchased on demand, and there is a strong wait-and-see attitude. The market trading atmosphere is cold, and some companies have reduced their raw material demand due to profit losses. The demand for downstream refrigerants is average, and the market price of hydrofluoric acid continues to decline.

Market outlook

The domestic fluorite price trend continues to decline in June, with weak downstream terminal demand and no favorable support for supply and demand, resulting in poor market trading. It is expected that the market price of anhydrous hydrogen fluoride will continue to decline in July, with a downward range of around 500 RMB/ton. More attention should be paid to the news of leading enterprises and market supply and demand situation.

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