The market price of hydrofluoric acid fluctuated before and after the Spring Festival, and overall, the average market price remained stable compared to January. According to the analysis system of Shengyi Society, as of February 7th, the benchmark price of hydrofluoric acid in Shengyi Society was 11500.00 yuan/ton, unchanged from the beginning of the month.
Supply side: After the Spring Festival, market trading is good, enterprises are actively starting production, and some areas are experiencing tight supply.
Raw material side: The price of raw fluorite remained stable this week. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. 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, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Although the rectification action is coming to an end, the affected area has not narrowed. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight. According to the analysis system of Shengyi Society, as of February 7th, the benchmark price of Shengyi Society’s fluorite was 3616.25 yuan/ton, unchanged from the beginning of this month.
Recently, the price trend of raw material sulfuric acid in the market has declined, which has resulted in cost concessions for hydrofluoric acid. According to the analysis system of Shengyi Society, as of February 7th, the benchmark price of sulfuric acid in Shengyi Society was 387.50 yuan/ton, an increase of 0.65% compared to the beginning of this month (385.00 yuan/ton). The upstream sulfur market of sulfuric acid is declining, and the cost price is decreasing. Downstream customers of sulfuric acid are not enthusiastic about purchasing sulfuric acid, and the sulfuric acid price market is falling. The domestic hydrofluoric acid market price trend is weak and stable.
Demand side: After the Spring Festival, the refrigerant quota is abundant, and downstream refrigerant companies may increase their procurement of hydrofluoric acid. Some companies have a strong reluctance to sell, resulting in price increases and strong support from the demand side for refrigerants.
Market forecast: After the Spring Festival, there will be sufficient refrigerant quotas and increased market demand. It is expected that the hydrofluoric acid market will operate steadily with a moderate to strong trend, and more attention should be paid to the news of leading enterprises and market supply and demand.
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