Price trend:

The domestic anhydrous hydrogen fluoride market price remained stable this week. According to data from the SunSirs analysis system, as of November 13, the SunSirs benchmark price for hydrofluoric acid was 12,533.33 RMB/ton, a decrease of 1.05% compared to the end of last month.

Market Analysis

Demand surged: Strong driving force from the battery and energy storage sectors

Raw material side: Domestic fluorite prices declined this week, weakening cost support for hydrogen fluoride. As of November 13th, the benchmark price of fluorite from the SunSirs was 3,500.00 RMB/ton, a decrease of 1.06% compared to the beginning of the month (3,537.50 RMB/ton). The competitive landscape in the domestic fluorite industry remained. Overall, enterprise operating rates had increased, but upstream mining was tight, with outdated mines continuing to be phased out. For new mines, mineral surveys remained challenging, and government departments were implementing rectification measures for fluorite mines, leading to increasingly stringent safety and environmental requirements. This increases the difficulty of starting fluorite mine operations, and the tight raw material supply was limiting fluorite production. However, downstream market demand for fluorite was weak, with most companies relying on existing inventory, resulting in decreased purchasing activity and a downward trend in fluorite prices. Overall, the lower price of raw material fluorite provided weak cost support for hydrofluoric acid, and the hydrogen fluoride market price is expected to remain stable to slightly weaker in the near future.

On the demand side: Downstream demand was weak due to the traditional off-season, with overall consumption capacity insufficient and procurement mainly based on immediate needs. Many were adopting a wait-and-see attitude, resulting in low purchasing enthusiasm. Overall, demand-side support for hydrogen fluoride was weak, and the hydrogen fluoride market is expected to remain weak and stable in the near future.

Market outlook

Lower raw material fluorite prices had weakened cost support, coupled with sluggish demand from downstream industries during the traditional off-season, with purchases mainly driven by immediate needs. Overall, downstream consumption capacity was insufficient. The anhydrous hydrogen fluoride market is expected to remain weak and stable in the near future. Closer monitoring of market supply and demand changes is crucial.

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