The market for anhydrous hydrogen fluoride is temporarily stable this week. According to the analysis system of Shengyi Society, as of October 16th, the benchmark price of hydrofluoric acid in Shengyi Society was 12666.67 yuan/ton, an increase of 6.74% from the end of September.
Raw material side: The domestic fluorite market price is temporarily stable, while the cost side is still supported by high levels. As of October 16th, the benchmark price of fluorite in Shengyi Society was 3675.00 yuan/ton, an increase of 1.80% compared to the beginning of this month (3610.00 yuan/ton). The sustained high price of fluorite provides strong cost support for hydrofluoric acid, and the hydrofluoric acid market remains stable.
Demand side: Downstream market demand is weak. The current pace of raw material procurement at high prices is relatively slow, coupled with a significant increase in enterprise operating rates. Some manufacturers are operating at high loads, leading to an increase in inventory and a loosening of their pricing mentality, with a focus on on-demand procurement. Overall, the demand side has weak support for hydrogen fluoride, and it is expected that the hydrogen fluoride market will remain stable in the later stage.
Market forecast: The high price of raw material fluorite supports the market supply, and the downstream willingness to accept high priced raw materials is weak. Procurement is mainly based on essential needs, and it is expected that the anhydrous hydrogen fluoride market will temporarily stabilize in the later stage. More attention should be paid to changes in market supply and demand.