Price trend

In January, the hydrogen fluoride market was strongly supported by the continued rise in upstream raw material costs, leading to a further upward shift in market prices. According to data from the SunSirs’ analysis system, as of January 31, the benchmark price of hydrofluoric acid was 13,033.33 RMB/ton, an increase of 2.36% compared to December.

Market Analysis

On the raw material side: Rising prices of raw materials such as fluorite and sulfuric acid have significantly increased cost pressures on hydrogen fluoride producers, squeezing their profit margins. The persistently high cost of raw materials had provided strong support for hydrogen fluoride prices, becoming the core driver of the price increase in February. According to data from the SunSirs analysis system, as of January 30th, the SunSirs benchmark price for fluorite was 3,412.50 RMB/ton, an increase of 0.37% compared to the beginning of the month (3,400.00 RMB/ton).

On the demand side: Downstream demand remained relatively stable. The refrigerant industry, the largest downstream sector for hydrofluoric acid, was nearing the end of the year, with production quotas nearly exhausted. Overall demand had not seen explosive growth, and the industry continues to maintain a just-in-time purchasing model. Most were adopting a wait-and-see attitude, with low purchasing enthusiasm. Market prices lack upward momentum and are expected to remain weak and stable in the short term, primarily focused on fulfilling contract orders.

Market outlook

High raw material costs had provided strong support for hydrofluoric acid prices. Downstream demand remained relatively stable, with purchases mainly driven by immediate needs. The market price of anhydrous hydrogen fluoride is expected to remain stable to slightly stronger in the near future. Closer monitoring of market supply and demand changes is necessary.

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