Price trend
As of January 20, the anhydrous hydrogen fluoride market was in a tug-of-war between "cost-driven" and "demand-suppressed" factors. According to the analysis system of SunSirs, as of January 20th, the benchmark price of hydrofluoric acid was 13,033.33 RMB/ton, unchanged from the price at the beginning of the month.
Market analysis
Raw materials: This week, the prices of raw materials fluorite and sulfuric acid remained stable. Although raw material prices were stable, they still provided strong cost support for anhydrous hydrofluoric acid, limiting the possibility of a significant price drop. According to the analysis system of SunSirs, as of January 20th, the benchmark price of fluorite was 3,406.25 RMB/ton, an increase of 0.18% compared to the beginning of the month (3,400.00 RMB/ton).
Demand side: As the year-end approaching, the downstream refrigerant industry has nearly exhausted its production quotas, resulting in weak overall demand. Purchasing was mainly on an as-needed basis, with many adopting a wait-and-see attitude and low purchasing enthusiasm. Market prices lacked upward momentum, and in the short term, the market will mainly focus on fulfilling existing contract orders and maintaining weak stability. Anhydrous hydrogen fluoride is expected to mainly consolidate in the near future.
Market Outlook:
The prices of raw materials, fluorite and sulfuric acid, were stable, but still had some support. However, due to weak downstream demand and purchases mainly driven by essential needs, the demand-side support was weakening. It is expected that the anhydrous hydrogen fluoride market price will mainly consolidate in the future. Further developments will depend on changes in market supply and demand.
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