SunSirs: With Raw Material Prices Continuing to Rrise, the Anhydrous Hydrogen Fluoride Market Remained Strong (December 8-12)

Price trend:

According to the analysis system of SunSirs, as of December 12th, the benchmark price of hydrofluoric acid was 12,733.33 RMB/ton, an increase of 1.6% compared to the end of last month.

Market Analysis

Raw materials: Last week, sulfuric acid prices continued to rise, increasing cost pressure on hydrofluoric acid manufacturers. Fluorite prices remained relatively stable. Overall, the raw material market provided decent support, and the anhydrous hydrogen fluoride market remained stable. As of December 12th, the benchmark price of sulfuric acid according to SunSirs was 1,045.00 RMB/ton, an increase of 8.01% compared to the beginning of the month (967.50 RMB/ton).

Demand side: As the year-end approaches, downstream refrigerant producers have nearly exhausted their production quotas, resulting in weak overall demand and a focus on purchasing only as needed. Many were adopting a wait-and-see attitude, with low purchasing enthusiasm. Overall, the demand side provided weak support for hydrogen fluoride, and the hydrogen fluoride market is expected to remain weak and stable in the coming period.

Market Outlook

The price of raw material fluorite was showing weak and stable performance, while the price of sulfuric acid continued to rise. Cost pressures remained, and coupled with weak downstream demand and purchasing mainly driven by essential needs, overall downstream consumption capacity was insufficient. It is expected that the anhydrous hydrogen fluoride market will remain firm in the coming period. Further developments will depend on changes in market supply and demand.

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