This week, the domestic anhydrous hydrofluoric acid market continued to operate at a high level. As of September 17th, the benchmark price of hydrofluoric acid was 16600.00 yuan/ton, unchanged from the beginning of this month.
On the raw material side: The price of raw fluorite is running strong, and holders are reluctant to sell at high prices, which provides strong cost support for hydrofluoric acid. The sulfuric acid end continues to weaken, and the cost support effect is significantly weakened. Under the hedge of two major raw materials rising and falling, the overall production cost of hydrofluoric acid remains high. As of September 17th, the benchmark price of fluorite is 3700.00 yuan/ton, an increase of 2.25% compared to the beginning of this month (3618.75 yuan/ton).
On the other hand, some of the parking and maintenance equipment in the early stage has not fully resumed production, and the regional supply situation is still tight. Many enterprises have exceeded their orders, and the circulation of spot goods for individual orders is limited. But the overall operating rate is about 48.73%, slightly higher than the previous period, and the supply shortage has eased compared to the previous period. Demand side: downstream negative signals increase. The refrigerant industry has a downward trend in production starting in September, with gradually decreasing consumption. The procurement of hydrofluoric acid is mainly based on essential needs. There has been no significant increase in demand for lithium hexafluorophosphate, electronic grade hydrofluoric acid, and pharmaceutical intermediates, making it difficult to increase overall volume.
Market forecast: Analysts predict that the prices of sulfuric acid and fluorite on the raw material side will rise and fall, while the cost side will continue to support hydrofluoric acid. Downstream demand will be weak, with rigid procurement being the main focus. It is expected that the domestic market for anhydrous hydrofluoric acid will remain stable in the short term. More attention should be paid to the raw material end and the implementation of downstream refrigerant enterprise maintenance.
