Demand dragging down hydrofluoric acid prices to maintain low levels

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price trend of anhydrous hydrofluoric acid has remained stable this week. As of the weekend, the market price of hydrofluoric acid was 9966.67 yuan/ton, which is the same as the price of 9966.67 yuan/ton at the beginning of the week, with a year-on-year increase of 2.60%.

 

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Supply side: The domestic hydrofluoric acid price trend has been stable this week, and the recent operation of hydrofluoric acid plants has been normal. However, downstream demand has not followed up enough, and hydrofluoric acid manufacturers have high inventory. The mainstream negotiated price for hydrofluoric acid in various regions in China is 9800-10200 yuan/ton, and there are still units waiting for market shutdown. The spot supply of hydrofluoric acid is sufficient, and the order situation for manufacturers of hydrofluoric acid is not good. The production of anhydrous hydrofluoric acid is over 50%, and the market price of hydrofluoric acid remains low.

 

Cost side: The domestic price of fluorite remained stable this week, with an average price of 3350 yuan/ton as of the weekend, which remained unchanged from the initial price of 3350 yuan/ton. The game situation 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 The main reason is the tension in upstream mining, and outdated mines will continue to be phased out. In terms of new mines, mineral investigation work is still difficult, In addition, fluorite mining enterprises are facing increasingly strict safety and environmental requirements, and some mines are conducting safety hazard inspections. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has restricted the operation of fluorite enterprises. With the temperature rising, fluorite manufacturers are gradually resuming work and production. At that time, the supply of fluorite will increase, and the fluorite market trend will remain stable. As a result, the price of hydrofluoric acid in the market will not change much.

 

This week, the price trend of sulfuric acid in the market has increased. As of the weekend, the average domestic sulfuric acid price was 246.25 yuan/ton, an increase of 10.06% from the beginning of the week price of 223.75 yuan/ton. The upstream sulfur market of sulfuric acid is on the rise, and the cost price is rising. Downstream customers of sulfuric acid are more enthusiastic about purchasing sulfuric acid, and the price trend of sulfuric acid is rising. As a result, the domestic hydrofluoric acid market still has support.

 

On the demand side, the market for downstream refrigerant products has increased, and the operating rate of the refrigerant industry has not changed much. Refrigerant R22 manufacturers have raised their factory prices due to quota issues, and distributors have been more active in purchasing. The price trend of R22 has increased, and the mainstream of negotiations is between 25000 and 27000 yuan/ton. The quota cycle in the refrigerant market has begun, and it is difficult for enterprises to change their reluctance to sell. The quota for R134a in China is relatively tight, and some manufacturers have raised their factory prices. Currently, the market quotation for R134a refrigerant is mostly in the range of 31000-33000 yuan/ton. The overall transaction volume in the refrigerant industry is still good, but the production in the refrigerant industry remains sluggish, and there is no actual improvement in the procurement of hydrofluoric acid. The hydrofluoric acid market is sluggish.

 

Market forecast: Upstream raw material fluorite enterprises are gradually resuming work in the near future, but there is strong bullish sentiment on the market, and sulfuric acid prices are showing an upward trend; In addition, the downstream refrigerant industry gradually entered the peak production season in March, and overall, favorable factors still exist. In the short term, the price of hydrofluoric acid will remain stable, but there are still opportunities for the price of hydrofluoric acid to rebound in the later period.

http://www.lubonchem.com/

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