SunSirs: The Hydrogen Fluoride Market Price Continued to Weaken in August

Price trend

The August bidding price for hydrogen fluoride fell by 100-200 RMB/ton compared to the previous month. According to the SunSirs’ analysis system, as of August 7, the SunSirs benchmark price for hydrofluoric acid was 10,650 RMB/ton, a decrease of 1.39% from the end of July.

Analysis review

Raw material prices: Domestic fluorite prices saw a slight increase last week. As of August 7, the benchmark price of fluorite on SunSirs was 3,156.25 RMB/ton, up 0.60% from 3,137.50 RMB/ton at the beginning of the month. The domestic fluorite industry remained highly competitive, with overall operating rates increasing. Upstream mining was experiencing tight production capacity, with outdated mines continuing to be phased out. Mineral resource surveys for new mines remained challenging. Furthermore, with national authorities requiring rectification of fluorite mines, fluorite mining companies faced increasingly stringent safety and environmental protection requirements, making it more difficult to operate. Raw material shortages were also hindering fluorite production operations. Rising fluorite prices were putting pressure on hydrofluoric acid costs, and producers remained under pressure to incur losses. Purchasing sentiment for high-priced fluorite raw materials was subdued. It is expected that hydrofluoric acid prices will continue to consolidate in a weak trend.

Demand side: The terminal demand in the downstream refrigerant market was weak, and the enthusiasm for stocking up was low. Upstream products were mainly purchased on demand, and there was a strong wait-and-see sentiment. The market trading atmosphere was cold, and some companies reduced their demand for raw materials due to profit losses.

Market outlook

The price of raw material fluorite rose, downstream demand was weak, and there was no favorable support for supply and demand. The market was sluggish. It is expected that the anhydrous hydrogen fluoride market may continue to consolidate weakly in the future. More attention should be paid to changes in market supply and demand.

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