According to the monitoring of the commodity market analysis system of Shengyi Society, the price of anhydrous hydrofluoric acid in China remained stable this week. As of November 15th, the benchmark price of hydrofluoric acid in Shengyi Society was 11975.00 yuan/ton, an increase of 5.51% compared to the beginning of this month (11350.00 yuan/ton).

Raw material side: The prices of raw materials such as sulfuric acid and fluorite have increased. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Although the rectification action is 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 sources is still tight. According to the monitoring system of Business Society, the price trend of domestic fluorite has risen this week. As of the weekend, the average price of domestic fluorite was 3668.75 yuan/ton, an increase of 1.73% compared to the beginning of the week price of 3606.25 yuan/ton, and a year-on-year decrease of 0.84%.

Demand side: The downstream refrigerant market has seen an upward trend, with continuous destocking throughout the year. Fluorine chemical companies within quota control have strong confidence in maintaining stable prices in the refrigerant market. Currently, prices in the foreign trade market are gradually increasing, and upstream products are mainly purchased on demand. Some models of devices are expected to undergo maintenance or shutdown. Overall, the market’s consumption of raw materials is still limited. Affected by this, the domestic market price of hydrofluoric acid remains high and stable.

Market forecast: In the near future, the supply of hydrofluoric acid will be tight, and some models of equipment are expected to undergo maintenance or shutdown. The market price of raw materials has risen, and downstream procurement is mainly based on demand. We adopt a wait-and-see and cautious attitude towards high priced raw material procurement. It is expected that the price of hydrofluoric acid will remain stable in the later period.