Price trend

The August bidding price for hydrogen fluoride fell by 100-200 RMB/ton compared to the previous month. According to the SunSirs’ analysis system, as of August 13, the SunSirs benchmark price for hydrofluoric acid was 10,650 RMB/ton, a decrease of 1.39% from the end of July.

Analysis review

Raw material prices: Domestic fluorite prices remained stable last week, while hydrogen fluoride costs remained high and under pressure. As of August 13th, the benchmark price of fluorite on SunSirs was 3,156.25 RMB/ton, up 0.60% from 3,137.50 RMB/ton at the beginning of the month. The domestic fluorite industry remained competitive, with overall operating rates increasing. Upstream mining was tight, and outdated mines will continue to be phased out. Mineral surveys for new mines remained challenging. Furthermore, national authorities were requiring fluorite mines to undergo rectification, and fluorite mining companies were facing increasingly stringent safety and environmental protection requirements. This had made it more difficult to resume operations, and raw material shortages were limiting fluorite production. The continued high price of fluorite was putting pressure on hydrofluoric acid costs, and producers remained under pressure to incur losses. Purchasing sentiment for high-priced fluorite raw materials was subdued. It is expected that hydrofluoric acid prices will continue to consolidate weakly.

Demand side: The terminal demand in the downstream refrigerant market was weak, and the enthusiasm for stocking up was low. Upstream products were mainly purchased on demand, and there was a strong wait-and-see sentiment. The market trading atmosphere was cold, and some companies reduced their demand for raw materials due to profit losses..

Market outlook

Fluorite raw material prices remained high, hydrofluoric acid costs were under pressure, manufacturers were still facing losses, downstream demand was weak, and market trading was sluggish. It is expected that the anhydrous hydrogen fluoride market will continue to consolidate in a weak trend in the future. More attention should be paid to changes in market supply and demand.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.