Price trend

Last week, the price of anhydrous hydrogen fluoride remained stable at a high level. According to data from the SunSirs analysis system, as of April 24, the benchmark price for hydrofluoric acid stood at 15,100 RMB/ton—an increase of 2.95% compared to the beginning of the month.

Market analysis

Raw Materials: Regarding fluorite, the tight supply situation has eased somewhat as mines in the northern region gradually resume production and operating rates rise. This trend is compounded by the continuous arrival of imported fluorite (sourced from countries such as Mongolia), which is generally priced 300–500 RMB/ton lower than domestic supplies; consequently, prices have shifted into a phase of weak consolidation. As for sulfuric acid, market supply has seen marginal improvement recently following the restart of several facilities that had undergone maintenance; as a result, the upward momentum in sulfuric acid prices has begun to moderate. Overall, although fluorite prices have softened slightly, the tight supply landscape in the major southern production regions continues to provide a certain level of support; meanwhile, sulfuric acid prices remain at relatively elevated levels. The combined cost of these two key raw materials continues to provide strong underlying support for hydrofluoric acid prices. According to data from the SunSirs analysis system, the benchmark price for fluorite stood at 3,537.50 RMB/ton on April 24—a decrease of 0.53% compared to the beginning of the month (3,556.25 RMB/ton).

Demand Side: The downstream refrigerant sector was gradually entering its traditional peak production season. Demand for certain refrigerant grades was robust, creating a degree of rigid demand for hydrofluoric acid. However, buyers remained cautious and show limited tolerance for high-priced raw materials; purchasing activities were primarily focused on replenishing inventory on an as-needed basis, resulting in generally moderate market transaction volumes.

Market outlook

Rigid support from raw material fluorite and sulfuric acid remained in place; however, downstream buyers remained cautious, prioritizing replenishment on an as-needed basis and demonstrating low tolerance for high raw material prices. It is forecast that, in the short term, market prices for anhydrous hydrogen fluoride will fluctuate within a narrow range around current levels. Future market movements will depend largely on developments in raw material supply and changes in downstream demand.

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