According to the monitoring of the commodity market analysis system of Shengyi Society, the price trend of anhydrous hydrofluoric acid in China has declined this week. On July 12th, the benchmark price of hydrofluoric acid in Shengyi Society was 11333.33 yuan/ton, a decrease of -2.16% compared to the beginning of this month (11583.33 yuan/ton).
Supply side: Recently, the domestic price of hydrofluoric acid has weakened. The mainstream price for domestic hydrofluoric acid negotiations in various regions is 10500-11700 yuan/ton. Some enterprises have parked their equipment and are waiting for the market, but the supply of hydrofluoric acid spot is normal.
Cost side: Domestic fluorite prices have slightly declined this week, with an average price of 3741.25 yuan/ton as of the weekend, a decrease of 0.33% from the early week price of 3753.75 yuan/ton and a year-on-year increase of 22.16%. The current situation of the game in the domestic fluorite industry still exists, and overall, the operating rate of enterprises remains low. The main reason is the tension in upstream mining, the continuous elimination of backward mines, and the difficulty in mineral investigation work for new mines. 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 supply of fluorite remains tight, limiting the decline in fluorite prices.
Demand side: Recently, the demand for refrigerants in the market has been weak. Entering the off-season of July and August, due to the influence of rainy weather, the demand for hydrofluoric acid by production enterprises has weakened, and their purchasing enthusiasm has declined. The demand for hydrofluoric acid has been suppressed, and it is mainly for essential purchases.
Market forecast: In the near future, upstream raw material fluorite enterprises will face many difficulties in starting production, with a tight supply of fluorite and support for fluorite prices; 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.
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