Price trend

The hydrogen fluoride market price was temporarily stable last week. According to the SunSirs analysis system, as of September 19, the SunSirs benchmark price for hydrofluoric acid was 11,466.67 RMB/ton, up 7.67% from the end of August.

Fundamentals

Raw material side: Domestic fluorspar prices continued to rise last week, putting pressure on hydrogen fluoride costs. As of September 19th, the benchmark price of fluorspar on SunSirs was 3,343.75 RMB/ton, up 2.29% from 3,268.75 RMB/ton at the beginning of the month. The domestic fluorspar industry remained highly competitive, but overall, operating rates had increased. Upstream mining was in a tight spot, and outdated mines would continue to be phased out. For new mines, mineral surveys remained challenging. Furthermore, with national authorities requiring rectification of fluorspar mines, fluorspar mining companies faced increasingly stringent safety and environmental protection requirements, making it more difficult to operate. Raw material shortages were also limiting fluorspar operations. The continued rise in fluorspar market prices was putting pressure on hydrofluoric acid costs, leaving producers facing ongoing losses and a cost inversion. It is expected that hydrogen fluoride prices will continue to rise in the future.

On the demand side: The downstream refrigerant market continued to rise, and with policies supporting the refrigerant industry's terminal market, demand is expected to increase substantially. Fluorine chemical companies remained confident in maintaining refrigerant prices within quota control. While purchasing was slow at high prices, industry inventories were being transmitted in a healthy and orderly manner, with upstream products primarily purchased on demand. Refrigerant prices were trending higher, and demand was providing stable and strong support for hydrogen fluoride. t is expected that the price trend of hydrogen fluoride will continue to rise in the future.

Market outlook

Rising prices for raw material fluorite were putting pressure on hydrofluoric acid costs, leaving manufacturers facing continued losses. Downstream suppliers were primarily purchasing on demand, and the anhydrous hydrogen fluoride market is expected to remain stable but slightly stronger in the future. Further attention should be paid to market supply and demand changes.

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