According to the monitoring of the Commodity Market Analysis System of the Business Society, the price of anhydrous hydrofluoric acid in China has slightly decreased this week. As of the 31st, the market price of hydrofluoric acid was 9566.67 yuan/ton, a decrease of 0.20% compared to the 23rd price of 9585.71 yuan/ton, and a year-on-year decrease of 10.59%.

Supply side: Recently, the price of hydrofluoric acid has slightly declined, with the mainstream price negotiated by various regions in China ranging from 9200 to 9600 yuan/ton. Poor demand has led to severe losses for hydrofluoric acid enterprises. Recently, some units have been shut down and waiting for market, resulting in a decrease in spot supply of hydrofluoric acid and a weak order situation for manufacturers. As a result, the hydrofluoric acid market remains sluggish, with raw material fluorite prices slightly declining and downstream refrigerant production declining, Less than 60% of anhydrous hydrofluoric acid has started construction, and some enterprises have accumulated inventory, which has affected the weak market situation of hydrofluoric acid.

Raw material side: Recently, the price trend of domestic fluorite has been temporarily stable, with an average price of 3056.25 yuan/ton as of the 31st. This week, the price trend has been temporarily stable, and the operating rate of fluorite enterprises has maintained. Upstream mining is still tight, and outdated mines will continue to be eliminated. In terms of new mines, mineral investigation work is still difficult. In addition, mining enterprises are facing increasingly strict safety and environmental requirements, and fluorite mines are operating insufficient, which is environmentally friendly The requirements of emergency management departments and others are becoming stricter, and the difficulty of starting mining has increased. Due to the tight supply of raw materials, there is still support for the price of fluorite in the market. The price of raw fluorite has not changed much, and hydrofluoric acid companies are under heavy pressure.

On the demand side: The market for refrigerant products downstream of the terminal has slightly increased, and the operating rate of the refrigerant industry has slightly decreased. In addition, the refrigerant market has experienced a long-term downward trend, approaching quota issuance. The load of refrigerant R22 manufacturers is not high, and supply and cost factors are driving refrigerant enterprises to increase prices. The domestic R134a manufacturers are operating at low loads, and the price trend of R134a has increased. Some companies have a strong reluctance to sell, and there is currently no mentality to sell low-priced orders. Some businesses have raised factory prices, but the demand for consumer orders has not significantly improved. Currently, the market quotation for refrigerant R134a is mostly in the range of 24500 to 25500 yuan/ton, and the export is still relatively sluggish. The actual demand has not significantly increased, and the increase in refrigerant prices is limited. The upward trend of some refrigerants has had a certain positive impact on upstream raw materials, while the price of hydrofluoric acid has not changed much.

Future Market Forecast: The upstream raw material fluorite market remains stable, but fluorite companies have a strong intention to increase prices, and the downstream refrigerant industry has slightly declined in production. For hydrofluoric acid procurement, it is light, and hydrofluoric acid inventory is high. Chen Ling, a hydrofluoric acid analyst at Business Society, believes that the hydrofluoric acid market is unlikely to improve in the short term, with hydrofluoric acid prices mainly fluctuating at low levels.