Price trend:

The domestic anhydrous hydrogen fluoride market price remained stable last week. According to data from the SunSirs analysis system, as of November 21, 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

Raw material side: Sulfuric acid prices continued to rise last week, increasing cost pressure on hydrofluoric acid companies. Although domestic fluorite prices declined somewhat, they remained under pressure at high levels. Companies were gradually digesting the fluorite they purchased at high prices earlier, resulting in low industry operating rates and narrowing profit margins. As of November 21, the benchmark price of fluorite from SunSirs was 3,462.50 RMB/ton, a decrease of 2.12% compared to the beginning of the month (3,537.50 RMB/ton). It is expected that the price of hydrogen fluoride will 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 Forecast:

The price of raw material fluorite declined, while the market price of sulfuric acid continued to rise. Overall, cost pressures remained, coupled with weak demand from downstream industries during the traditional off-season, with purchases mainly driven by immediate needs. Downstream consumption capacity was insufficient. The anhydrous hydrogen fluoride market is expected to remain weak and stable with slight fluctuations in the near future. Closer monitoring of market supply and demand changes is necessary.

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