Price Trends

According to data from the SunSirs monitoring and analysis system, as of May 19, the benchmark price for hydrofluoric acid stood at 16,166.67 RMB/ton—unchanged from the beginning of the month—with market trading remaining stable. On the supply side, industry operating rates have held steady; however, the circulation of spot inventory within the market remains tight, providing strong support for current price levels. On the demand side, downstream sectors continue to make steady purchases to meet immediate needs, though the pace of follow-up buying has slowed. Amidst high price levels, market participants' inclination toward strategic maneuvering has intensified, and a wait-and-see sentiment among industry players is becoming increasingly prevalent.

Market outlook

Overall, hydrofluoric acid is currently in a phase of high-level stagnation; having overextended across multiple cycles, it has accumulated a certain degree of downside risk. It is anticipated that the market will continue to fluctuate at elevated levels in the short term, with key attention shifting toward changes in raw material prices and market supply-demand dynamics.