Price trend

In February, the hydrofluoric acid market was strongly supported by continuously rising upstream raw material costs, leading to a further increase in market prices. According to SunSirs' analysis system, as of February 2nd, the benchmark price of hydrofluoric acid was 13,066.67 RMB/ton, a 0.26% increase compared to January.

Market analysis

Raw materials: Rising prices of raw materials such as fluorite and sulfuric acid significantly increased cost pressure on hydrogen fluoride producers, squeezing their profit margins. The persistently high cost of raw materials provided strong support for hydrogen fluoride prices and was the core driving force behind the price increase in February. According to the analysis system of SunSirs, as of February 2nd, the benchmark price of fluorite was 3,418.75 RMB/ton, unchanged from the beginning of the month.

Demand side: The downstream demand landscape remained relatively stable. In the refrigerant industry, the largest downstream consumer of hydrofluoric acid, production quotas were nearly exhausted as the year draws to a close. Overall demand had not seen explosive growth, and the industry continued to operate on a just-in-time purchasing model. Many companies were adopting a wait-and-see approach, resulting in low purchasing activity. Market prices lacked upward momentum, and in the short term, the market is expected to remain weak but stable, primarily fulfilling existing contract orders.

Market outlook

Sustained high raw material costs were providing strong support for hydrofluoric acid prices. Downstream demand remained relatively stable, mainly driven by essential purchases. The anhydrous hydrogen fluoride market is expected to remain stable to slightly stronger in the near future. Further developments will depend on changes in market supply and demand.

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