Price trend
The hydrofluoric acid market has been operating steadily this week. According to the analysis system of SunSirs, as of April 10th, the benchmark price of hydrofluoric acid in SunSirs was 12,450 RMB/ton, an increase of 1.63% compared to the beginning of this month (12,250 RMB/ton).
Analysis review
On the raw material side: The fluorite market for raw materials was weak and declining, while the sulfuric acid market price was stable. The fluctuation range on the cost side was limited and not too large. According to the analysis system of SunSirs, as of April 10th, the benchmark price of SunSirs' fluorite was 3,756.25 RMB/ton, a decrease of 0.50% compared to the beginning of this month (3,775.00 RMB/ton).
On the demand side: Downstream was approaching the peak season for refrigerants, and some refrigerants were experiencing price increases. Coupled with policy encouragement in the refrigerant industry, demand was expected to achieve substantial growth. Fluorine chemical companies within quota control had strong confidence in raising prices in the refrigerant market. The prices in the foreign trade market increased, and upstream products were mainly purchased on demand, which supported the hydrofluoric acid market.
Market outlook
Recently, there has been a slight downward trend in the market price of raw material fluorite, which has eased the cost pressure on anhydrous hydrogen fluoride production enterprises. However, it is expected that the decline in raw material prices will not be too large. The downstream refrigerant market is good, and the prices of some products have risen, which provides some support for the anhydrous hydrogen fluoride market. It is expected that the anhydrous hydrogen fluoride market will operate smoothly in the later stage, 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
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