SunSirs: Hydrofluoric Acid Prices Had Risen This Week (November 4-8)
November 11 2024 14:44:45 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic price of sodium metabisulfite had fallen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1,903 RMB/ton, and the average price over the weekend was 1,893 RMB/ton, a decrease of 0.53% during the week.
Analysis review
Raw material side: The prices of raw materials such as sulfuric acid and fluorite had mainly increased. The situation of the game in the domestic fluorite industry still existed. Overall, the operating rate of enterprises had not changed much. Upstream mining was tight, and backward mines will continue to be eliminated. In terms of new mines, mineral investigation work was still difficult. In addition, the national department 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 had not narrowed. The difficulty of fluorite mining operation had increased, and the shortage of raw materials had limited the operation of fluorite enterprises. The supply of fluorite sources was still tight, and the inventory of fluorite enterprises was low. With the supply shortage combined with the winter storage season, the atmosphere of rising prices in the fluorite market this week was strong. According to the monitoring system of SunSirs, the price trend of domestic fluorite had risen this week. As of the weekend, the average price of domestic fluorite was 3,606.25 RMB/ton, an increase of 2.30% from the beginning of the week price of 3525 RMB/ton, and a year-on-year decrease of 2.53%.
On the demand side: The downstream refrigerant market had seen an increase, with faster inventory consumption and a focus on on-demand procurement. Some models of devices were expected to undergo maintenance or shutdown. Overall, the market's consumption of raw materials was still limited
Market outlook
Recently, the market price of hydrofluoric acid has risen. The market price of raw materials has risen accordingly, and downstream procurement was mainly based on demand. It is expected that the price of hydrofluoric acid will remain stable at a high level in the later period.
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