China’s Domestic Hydrofluoric Acid Market Tends to Stable on Jan. 9

On January 8, the hydrofluoric acid commodity index was 119.10, down 1.14 points from yesterday, down 15.19% from the peak of 140.43 points in the cycle (2018-02-21), and up 122.24% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

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According to statistics, the price trend of domestic hydrofluoric acid market has been lower recently. The domestic market price of hydrofluoric acid is 13125 yuan/ton as of the 9th day. The domestic start-up rate of hydrofluoric acid is more than 50%. Enterprises reflect that the supply of hydrofluoric acid on the spot is sufficient, the situation of goods on the spot has been worse recently. Some enterprises have increased their hydrofluoric acid stocks and reduced their ex-factory prices slightly, but due to the high support of raw material market. The price decline of hydrofluoric acid market is very limited. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 1250-13000 yuan/ton, while the price of hydrofluoric acid in the northern market is about 1250-13500 yuan/ton. Domestic hydrofluoric acid market price trend is slightly lower, spot supply is sufficient, due to the recent high prices of raw materials market, fluorite prices are in a high state, but the price of raw materials fluorite slightly declined, the market price of hydrofluoric acid slightly lower.

Recent downstream refrigerant product maintenance devices are more, the demand for upstream fluorite and hydrofluoric acid has weakened, the recent downstream refrigerant trading market has declined, and the price of hydrofluoric acid products has slightly decreased. Recent market of refrigerant downstream terminal market is cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate declines, the main production enterprise’s bulk water ex-factory offer price is between 2000-21500 yuan/ton, but there is no bulk water spot in the production enterprise, mainly a small amount of cylinders shipped. In addition, the actual demand side of the market has declined, and the shipment market trend is poor. The domestic market price of R134a is slightly lower, the start-up rate of production enterprises is lower, the market demand for refrigerants is weakened, and manufacturers mainly export their products. However, the on-site transaction price does not change much, and the merchants purchase on demand. Recently, due to the impact of equipment maintenance, the upstream market demand for hydrofluoric acid has weakened.

Refrigerant on-site transaction prices slightly lower, refrigerant industry equipment overhaul increased, the upstream hydrofluoric acid market demand weakened, coupled with the upstream refrigerant industry to resist high prices of raw materials, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to decline, hydrofluoric acid prices will be 12,500-13,000 yuan/ton.

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