SunSirs: Aluminum Fluoride Prices Fell This Week

Aluminum fluoride prices had fallen this week

According to the Commodity Market Analysis System of SunSirs, as of November 23, the domestic quotation for aluminum fluoride was 11,325 RMB/ton, a decrease of 1.09% from the 11,450 RMB/ton price of aluminum fluoride on November 16 last week. Cost support had weakened, aluminum fluoride enterprises were resuming work and demand was weak. This week, aluminum fluoride prices had fluctuated and fallen.

Cost support decreased

According to the Commodity Market Analysis System of SunSirs, as of November 23, the price of fluorite was 3,700 RMB/ton, which was stable compared to the price of fluorite on November 7, which was 3,700 RMB/ton. As of November 23, the price of hydrofluoric acid was 11,116.67 RMB/ton, a decrease of 0.60% compared to November 7's price of 11,183.33 RMB/ton. The construction of fluorite mines was poor, downstream demand was sluggish, the fluorite market was stagnant, and fluorite prices were weak and temporarily stable. Downstream refrigerant manufacturers of hydrofluoric acid were operating at low loads, and downstream procurement of hydrofluoric acid was poor. In addition, hydrofluoric acid exports were relatively weak, resulting in a slight decrease in hydrofluoric acid prices in the later stage. The price of raw materials had decreased, the cost of aluminum fluoride raw materials had decreased, and the cost support for aluminum fluoride had weakened.

Market outlook

Fluoride aluminum industry analysts from SunSirs believe that the price of hydrofluoric acid had slightly decreased, resulting in a decrease in the cost of fluoride aluminum; Yunnan had limited electricity, resulting in a decrease in electrolytic aluminum production and a decrease in demand for aluminum fluoride; The resumption of operations by aluminum fluoride enterprises led to an increase in aluminum fluoride supply, and the willingness of aluminum fluoride manufacturers to increase prices had weakened. Overall, the increase in supply and weak demand for aluminum fluoride, coupled with a decrease in costs, are expected to lead to a volatile decline in aluminum fluoride prices in the future.

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