SunSirs:The Hydrofluoric Acid Market Was Operating Steadily This Week (April 14-17)

Price trend

The hydrofluoric acid market has been operating steadily this week. According to the analysis system of SunSirs, as of April 16th, the benchmark price of hydrofluoric acid in SunSirs was 12,450 RMB/ton, an increase of 1.63% compared to the beginning of this month (12,250 RMB/ton).

Analysis review

On the raw material side, the market for fluorite and sulfuric acid, was experiencing a weak decline, and the cost pressure on anhydrous hydrogen fluoride production enterprises has eased to some extent. According to the analysis system of SunSirs, as of April 16th, the benchmark price of SunSirs' fluorite was 3,731.25 RMB/ton, a decrease of 1.16% compared to the beginning of this month (3,775.00 RMB/ton).

On the demand side: Downstream refrigerant domestic and foreign trade will usher in a peak demand season, with some enterprises producing at full capacity. As of April 16th, market prices were still running at high levels, and the trading atmosphere was normal. Inventory pressure was gradually being released. The terminal sector has entered the peak production season, with increased demand supporting the continued high and firm price of anhydrous hydrogen fluoride.

Market outlook

Recently, there has been a slight downward trend in the market price of raw materials fluorite and sulfuric acid, which has eased the cost pressure on anhydrous hydrogen fluoride production enterprises. However, it is expected that the decline in raw material prices will not be too large. The downstream refrigerant market was good, and the end demand has entered the production peak season. The demand side had certain support for the anhydrous hydrogen fluoride market. It is expected that the anhydrous hydrogen fluoride market will continue to operate at a high level in the future, and more attention should be paid to the news of leading enterprises and market supply and demand.

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