Price trend

This week, the hydrofluoric acid market maintained stable operation. According to the analysis system of SunSirs, as of March 26th, the benchmark price of hydrofluoric acid in SunSirs was 12,016.67 RMB/ton, an increase of 0.7% compared to the beginning of this month (11,933.33 RMB/ton).

Analysis review

Raw material side: The market price of raw fluorite remained stable, while the sulfuric acid market showed a narrow range of fluctuations. 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, mineral investigation work was still facing many difficulties. 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 was running at a high level, which strongly supported the cost of hydrofluoric acid. According to the analysis system of SunSirs, as of March 26th, the benchmark price of SunSirs' fluorite was 3,775.00 RMB/ton, an increase of 3.14% compared to the beginning of this month (3,660.00 RMB/ton).

The raw material sulfuric acid market fluctuated narrowly. Due to the significant increase in upstream sulfur prices of sulfuric acid and the reduction in production and maintenance of some acid enterprises, the supply of sulfuric acid in the market has been reduced. The downstream market demand for sulfuric acid has also rebounded. Under the expectation of favorable supply and demand, the price of sulfuric acid was trending towards a stronger trend. According to the analysis system of SunSirs, as of March 26th, the benchmark price of sulfuric acid in SunSirs was 675.00 RMB/ton, an increase of 43.62% compared to the beginning of this month (470.00 RMB/ton). Overall, there was still support for the raw material market, and it is expected that the market price of hydrofluoric acid may rise slightly.

On the demand side: Downstream is approaching the peak season for refrigerants, and some refrigerants are experiencing price increases. Coupled with policy encouragement in the refrigerant industry, demand is expected to achieve substantial growth. Fluorine chemical companies within quota control have 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 high prices of raw materials have provided support, driving a stronger trend in the hydrofluoric acid market. It is expected that the hydrofluoric acid market will continue to operate steadily and tend to be stronger in the future, 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.