According to the monitoring of the Commodity Market Analysis System of Shengyi Society, the price of anhydrous hydrofluoric acid in China has risen this week. As of November 8th, 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 mainly 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, and backward mines will continue to be eliminated. In terms of new mines, mineral investigation work is still difficult. In addition, the national department needs 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 fluorite mining operation has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight, and the inventory of fluorite enterprises is low. With the supply shortage combined with the winter storage season, the atmosphere of rising prices in the fluorite market this week is strong. 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 3606.25 yuan/ton, an increase of 2.30% from the beginning of the week price of 3525 yuan/ton, and a year-on-year decrease of 2.53%.

On the demand side: The downstream refrigerant market has seen an increase, with faster inventory consumption and a focus on on-demand procurement. Some models of devices are expected to undergo maintenance or shutdown. Overall, the market’s consumption of raw materials is still limited.

Market forecast: The market price of hydrofluoric acid is expected to rise in the near future. The market price of raw materials has risen accordingly, and downstream procurement is mainly based on demand. It is expected that the price of hydrofluoric acid will remain stable at a high level in the later period.