The domestic market for anhydrous hydrogen fluoride rose in October. According to the analysis system of Shengyi Society, as of October 23, the benchmark price of hydrofluoric acid in Shengyi Society was 12666.67 yuan/ton, an increase of 10.47% compared to September.
Raw material side: The domestic fluorite market operated at a high level in October. According to the analysis system of Shengyi Society, as of October 23rd, the benchmark price of Shengyi Society’s fluorite was 3637.50 yuan/ton, an increase of 0.76% compared to the beginning of this month (3610.00 yuan/ton). The current situation of the game in the domestic fluorite industry still exists, and overall, the operating rate of enterprises has not changed much. Upstream mining is still 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 reform fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operating rate of fluorite enterprises. The operating rate of some mines in the south is relatively low, and the supply of fluorite enterprises in the field is tight, leading to obvious intentions of holders to raise prices. As the temperature in the north drops, the winter shutdown period for mines and beneficiation plants in the northern region is approaching, further tightening market supply and maintaining a high level of fluorite market. The cost of hydrofluoric acid still has some support.
Demand side: The overall operating rate of the downstream refrigerant industry was relatively low in October. Affected by the load reduction or shutdown of R125 East China plant, the market supply has decreased, but the price increase is limited. The market price of R22 continues to decline, with the East China market price dropping from 33500 yuan/ton at the beginning of the month to 16000 yuan/ton, a decrease of 51.52%. Overall, downstream refrigerant terminal demand is weak and has not improved, making it difficult to form effective support for anhydrous hydrogen fluoride.
Market forecast: The raw material fluorite market is supported at a high level, but downstream willingness to accept high priced raw materials is weak. Procurement is mainly based on essential needs, and the market trading atmosphere is cold. It is expected that the anhydrous hydrogen fluoride market will mainly consolidate in the later stage. More attention should be paid to changes in market supply and demand.