SunSirs: Cost Increased, and the Price of Aluminum Fluoride Increased after the Holiday

The price of aluminum fluoride increased after the holiday

According to the Commodity Market Analysis System of SunSirs, as of October 7th, the domestic quotation for aluminum fluoride was 10,350 RMB/ton, an increase of 1.97% compared to the price of aluminum fluoride on October 1st, which was 10,150 RMB/ton. After the holiday, the prices of raw materials such as fluorite and hydrofluoric acid fluctuated and increased, resulting in higher costs. Aluminum fluoride also rose after the holiday.

Prices of raw materials rose

According to the Commodity Market Analysis System of SunSirs, as of October 7th, the price of fluorite was 3,662.50 RMB/ton, an increase of 3.17% compared to the price of fluorite on October 1st, which was 3,550 RMB/ton. As of October 7th, the price of hydrofluoric acid was 11,383.33 RMB/ton, an increase of 7.56% compared to the price of hydrofluoric acid on October 1st, which was 10,583.33 RMB/ton. After the holiday, the resources of fluorite mines remained tight, the inventory of fluorite merchants was low and the supply was tight, resulting in an increase in fluorite prices; Downstream refrigerant prices increased, demand had increased, coupled with rising raw material prices, leading to an increase in the price of hydrofluoric acid. The prices of raw materials such as fluorite and hydrofluoric acid had increased, resulting in rising costs. The support for the future price increase of aluminum fluoride had increased.

Market outlook

Analysts from the fluoride aluminum industry at SunSirs believe that after the holiday, the prices of hydrofluoric acid and fluorite fluctuated and rose, and the cost support for fluoride aluminum increased. With the positive impact of rising costs and strong support for the rise of aluminum fluoride, it is expected that the price of aluminum fluoride will fluctuate and rise in the future.

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