This week, the anhydrous hydrogen fluoride market maintained a high level of consolidation and operation. According to the analysis system of Shengyi Society, as of March 19th, the benchmark price of hydrofluoric acid in Shengyi Society was 13166.67 yuan/ton, an increase of 0.77% compared to the previous month.
| Gamma-PGA (gamma polyglutamic acid) |
On the raw material side: The price of fluorite sulfuric acid, a raw material, has risen one after another this week, with strong support from the cost side. The continuous pressure of upstream costs has severely squeezed the profit margins of hydrofluoric acid production enterprises, and some enterprises are even in a loss making state. This fundamentally limits the downward space of hydrofluoric acid prices and has stimulated the market’s willingness to push up prices. According to the analysis system of Shengyi Society, as of March 19th, the benchmark price of Shengyi Society’s fluorite was 3475.00 yuan/ton, an increase of 1.28% compared to the beginning of this month (3431.25 yuan/ton).
On the demand side: Downstream demand is weak, and the acceptance of high priced raw materials is not high. Procurement is mainly based on rigid individual orders. Especially for some refrigerant models, the downward trend in production has led to insufficient follow-up on the procurement of hydrofluoric acid, making it difficult to effectively digest market supply. In addition, the hydrofluoric acid market has long been in a situation of oversupply, with many production enterprises producing according to orders, and the overall operating rate of the industry is not high. It is expected that anhydrous hydrogen fluoride will operate steadily in the short term.
Market forecast: The price of raw material fluorite sulfuric acid is supported by high levels, while downstream demand is weak, mainly due to rigid demand procurement. The demand side support is insufficient, and the acceptance of high priced raw materials is not high. It is expected that the market price of anhydrous hydrogen fluoride will mainly consolidate in the short term. More attention should be paid to changes in market supply and demand.
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