Price trend

Recently, the market price of hydrofluoric acid has slightly increased, and the mainstream price of anhydrous hydrogen fluoride in the East China market was temporarily 11,500-11,600 RMB/ton. According to the analysis system of SunSirs, as of March 6th, the benchmark price of hydrofluoric acid in SunSirs was 12,016.67 RMB/ton, an increase of 0.70% compared to the beginning of this month (11,933.33 RMB/ton).

Analysis review

Supply side: The market situation has remained stable this week, with enterprises actively starting production, and some regions experiencing tight supply of goods.

Raw material side: The price trend of raw material fluorite has risen 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 was tight, and the market situation was rising, which strongly supported the cost of hydrofluoric acid. According to the analysis system of SunSirs, as of March 6th, the benchmark price of SunSirs' fluorite was 3,731.25 RMB/ton, an increase of 1.95% compared to the beginning of this month (3,660.00 RMB/ton).

Recently, the price trend of raw material sulfuric acid in the market has risen, providing favorable support for the hydrofluoric acid market. According to the analysis system of SunSirs, as of March 5th, the benchmark price of sulfuric acid in SunSirs was 547.50 RMB/ton, an increase of 16.49% compared to the beginning of this month (470.00 RMB/ton).

On the demand side: The downstream refrigerant market was rising, coupled with policy encouragement in the refrigerant industry, demand is expected to achieve substantial improvement. Fluorine chemical enterprises within quota control had strong confidence in raising prices in the refrigerant market. The prices in the foreign trade market have increased, and upstream products were mainly purchased on demand, which supported the hydrofluoric acid market.

Market outlook

Recently, the rise in raw material prices has driven the hydrofluoric acid market to a stronger trend. It is expected that the hydrofluoric acid market will continue to operate steadily and strongly in the future, and more attention should be paid to the news of leading enterprises and market supply and demand.

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