Price trend:

The domestic anhydrous hydrogen fluoride market price declined in November. According to data from SunSirs analysis system, as of November 28, SunSirs benchmark price for hydrofluoric acid was 12,533.33 RMB/ton, a decrease of 1.05% compared to October.

Market Analysis

On the raw material side: In November, the price of fluorite declined, while the price of sulfuric acid continued to rise. Hydrogen fluoride producers faced meager profits and insufficient cost support, leading to a decline in market prices. Towards the end of the month, with the continued rise in sulfuric acid prices, companies were facing increasing cost pressures and limited profit margins. It is expected that hydrogen fluoride prices will likely trend stronger next month. According to data from SunSirs analysis system, as of November 28th, SunSirs benchmark price for fluorite was 3,450.00 RMB/ton, a decrease of 2.47% compared to the beginning of the month (3,537.50 RMB/ton).

On the demand side: Downstream demand was weak in November, market trading was sluggish, and spot orders were insufficient. Enterprises mainly focused on consuming their own inventories, reducing their ability to purchase upstream products. The anhydrous hydrogen fluoride market is expected to fluctuate slightly in the near future.

Market Forecast:

Raw material prices fluctuated, with fluorite prices falling while sulfuric acid prices continued to rise. This increased cost pressure on enterprises, leading to reduced profits. Coupled with weak downstream demand and primarily immediate-needs purchasing, the market trading atmosphere was sluggish. Overall, under the pressure of high costs, the anhydrous hydrogen fluoride market is expected to fluctuate with a slightly upward bias in the near future. Further attention should be paid to changes in market supply and demand.

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