Price trend

The market price of hydrofluoric acid fluctuated before and after the Spring Festival, and overall, the average market price remained stable compared to January. According to the analysis system of SunSirs, as of February 7th, the benchmark price of hydrofluoric acid in SunSirs was 11,500.00 RMB/ton, unchanged from the beginning of the month.

Analysis review

Supply side: After the Spring Festival, market trading was good, enterprises were actively starting production, and some areas were experiencing tight supply.

Raw material side: The price of raw fluorite remained stable this week. The situation of the game in the domestic fluorite industry still existed. Overall, the operating rate of enterprises has not changed much. Upstream mining was tight, backward mines will continue to be eliminated, and as for new mines added, mineral investigation work was still difficult. In addition, national departments needed to rectify fluorite mines, and fluorite mining enterprises were facing increasingly strict safety and environmental protection requirements. Although the rectification action was coming to an end, the affected area has not narrowed. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources was still tight. According to the analysis system of SunSirs, as of February 7th, the benchmark price of SunSirs's fluorite was 3,616.25 RMB/ton, unchanged from the beginning of this month.

Recently, the price trend of raw material sulfuric acid in the market has declined, which has resulted in cost concessions for hydrofluoric acid. According to the analysis system of SunSirs, as of February 7th, the benchmark price of sulfuric acid in SunSirs was 387.50 RMB/ton, an increase of 0.65% compared to the beginning of this month (385.00 RMB/ton). The upstream sulfur market of sulfuric acid is declining, and the cost price was decreasing. Downstream customers of sulfuric acid were not enthusiastic about purchasing sulfuric acid, and the sulfuric acid price market was falling. The domestic hydrofluoric acid market price trend was weak and stable.

Demand side: After the Spring Festival, the refrigerant quota was abundant, and downstream refrigerant companies may increase their procurement of hydrofluoric acid. Some companies had a strong reluctance to sell, resulting in price increases and strong support from the demand side for refrigerants.

Market outlook

After the Spring Festival, there was ample refrigerant quota and market demand has increased. It is expected that the hydrofluoric acid market will operate steadily with stronger trend, and more attention should be paid to the news of leading enterprises and market supply and demand.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.