SunSirs: The Domestic Anhydrous Hydrogen Fluoride Market Experienced Slight Upward Fluctuations This Week (January 26-29)

Price trend

The latest bidding prices for domestic hydrogen fluoride have been finalized. The latest delivered price in the Jiangsu and Zhejiang regions was 11,900-12,100 RMB/ton, a slight increase of 0-100 RMB/ton compared to the previous period. According to the analysis system of SunSirs, as of January 29th, the benchmark price of hydrofluoric acid was 13,066.67 RMB/ton, an increase of 0.26% compared to the beginning of the month.

Market analysis

Raw materials: Last week, the prices of raw materials fluorite and sulfuric acid remained high, providing strong cost support for anhydrous hydrofluoric acid. It is expected that hydrofluoric acid prices will remain stable to slightly strong before the holiday. According to the analysis system of SunSirs, as of January 29th, the benchmark price of fluorite was 3,412.50 RMB/ton, an increase of 0.37% compared to the beginning of the month (3,400.00 RMB/ton).

Demand side: As the year-end approaching, the downstream refrigerant industry has nearly exhausted its production quotas, resulting in weak overall demand. Purchasing was mainly on an as-needed basis, with many adopting a wait-and-see attitude and low purchasing enthusiasm. Market prices lacked upward momentum, and in the short term, the market is expected to remain weak and stable, primarily fulfilling existing contract orders.

Market outlook

The price of raw material fluorite and sulfuric acid remained high, providing some support, but downstream demand was weak, with purchases mainly driven by essential needs. Overall, demand-side support was moderate. The anhydrous hydrogen fluoride market is expected to remain stable to slightly stronger in the near future. Further developments will depend on changes in market supply and demand.

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