According to the monitoring of the Commodity Market Analysis System of Shengyi Society, the price trend of anhydrous hydrofluoric acid in China has remained stable this week. As of July 19th, the benchmark price of hydrofluoric acid in Shengyi Society was 11333.33 yuan/ton, a decrease of 1.59% compared to July 1st (11516.67).

Supply side: Recently, due to the continuous rise in raw material sulfuric acid prices, production costs of enterprises have been under pressure, and the hydrogen fluoride market is operating weakly and steadily. The mainstream price for domestic hydrofluoric acid negotiations in various regions is 10500-11700 yuan/ton, and some enterprises’ equipment is still parked and waiting for the market. The release of hydrofluoric acid production is limited, and the industry’s profits are low, resulting in increased losses.

Cost side: The domestic fluorite price trend continues to decline this week. As of July 19th, the benchmark price of fluorite in Shengyi Society was 3685.00 yuan/ton, a decrease of -2.55% compared to the beginning of this month (3781.25 yuan/ton). The domestic fluorite industry is greatly affected by the off-season, and overall, the operating rate of enterprises remains low. The main reason is that 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, the national department will carry out rectification of fluorite mines in the near future, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Some mines have conducted safety hazard inspections, making it more difficult for fluorite mines to operate. The shortage of raw materials has limited the operation of fluorite enterprises, and the decline in fluorite prices is restricted.

On the demand side: During the off-season of demand, the refrigerant market has weak production, coupled with the normal impact of quotas, resulting in weak terminal demand. The enthusiasm for procurement has declined, mainly focusing on essential purchases.

Market forecast: Upstream raw material fluorite enterprises face many difficulties in starting production in the near future, but fluorite supply is still available; The price of sulfuric acid continues to rise, and the production cost pressure of hydrofluoric acid is significant. The downstream refrigerant industry has entered the off-season with weak demand, which has weakened the enthusiasm for purchasing hydrofluoric acid. It is expected that the price of hydrofluoric acid will continue to weaken in the later period.