The price of anhydrous hydrogen fluoride in the domestic market has remained stable this week. According to the analysis system of Shengyi Society, as of November 13th, the benchmark price of hydrofluoric acid in Shengyi Society was 12533.33 yuan/ton, a decrease of -1.05% from the end of last month.
Raw material side: The continuous rise in sulfuric acid prices this week has led to increased cost pressure for hydrofluoric acid enterprises. Although domestic fluorite prices have declined, they are still under high pressure. The fluorite purchased at high prices by enterprises in the early stage is slowly being digested, resulting in low industry operating rates and narrower profit margins. As of November 21st, the benchmark price of fluorite in Shengyi Society was 3462.50 yuan/ton, a decrease of 2.12% compared to the beginning of this month (3537.50 yuan/ton). It is expected that the market price of hydrogen fluoride will remain stable with a weak trend in the later stage.
Demand side: Downstream demand side encounters traditional off-season, weak demand, insufficient overall consumption capacity, and mainly relies on on-demand procurement. Maintain a wait-and-see attitude and have low purchasing enthusiasm. Overall, the demand side has weak support for hydrogen fluoride, and it is expected that the hydrogen fluoride market will mainly operate weakly and steadily in the later stage.
Market forecast: The price of raw material fluorite will decrease, while the market price of sulfuric acid will continue to rise. Overall, cost pressures still exist. In addition, downstream demand is weak due to the traditional off-season, with a focus on first-time purchases. Overall, downstream consumption capacity is insufficient. It is expected that the anhydrous hydrogen fluoride market will mainly operate weakly and steadily in the later stage, with slight fluctuations. More attention should be paid to changes in market supply and demand.