China’s Domestic Hydrofluoric Acid Market Tends to Stable on September 18

On September 18, the hydrofluoric acid commodity index was 94.10, unchanged from yesterday, down 32.99% from the peak of 140.43 points in the cycle (2018-02-21) and up 75.59% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date).

PVA 0588 ( PVA BP05)

According to statistics, the domestic market price trend of hydrofluoric acid remains low, up to the present domestic market price of hydrofluoric acid is 10 370 yuan/ton, the domestic start-up rate of hydrofluoric acid is less than 60%. Enterprises reflect that the current spot supply of hydrofluoric acid is sufficient, and the hydrofluoric acid market is not moving in the near future. As the downstream demand is not improving, some hydrofluoric acid is not available. Manufacturers continue to reduce prices, hydrofluoric acid market prices continue to fall. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 9500-10000 yuan/ton, while the price of hydrofluoric acid in the northern market is 9500-10000 yuan/ton.  Domestic hydrofluoric acid market price maintains low level, spot supply is sufficient, but demand is poor, hydrofluoric acid market is weak.

PVA

Upstream fluorite market prices fell, up to 18 days fluorite price was 2877.78 yuan/ton, upstream raw material prices fell to the hydrofluoric acid market has a negative impact, the hydrofluoric acid market prices are affected by the lower price of raw material fluorite at a low level.  Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, refrigerant R22 market continues to be weak, manufacturers reduce the start-up load, market supply capacity has decreased, inventory pressure has been buffered. On the demand side, downstream air-conditioning manufacturers’overhaul, the demand only declined but did not increase, and the price of domestic large enterprises fell to 1250-14500 yuan per ton. The domestic market price of R134a has declined, the start-up rate of production enterprises has remained low, the market demand for refrigerants has decreased, and manufacturers mainly export their products. However, on-site transaction prices continue to decline, merchants purchase on demand, the end of the peak season, downstream terminal demand only declined, hydrofluoric acid market prices declined. However, the on-site transaction price is lower, merchants purchase on demand. Recently, due to the normal supply of goods, downstream demand is not improving, and the market price of hydrofluoric acid remains low.

Refrigerant field turnover is poor, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is limited, hydrofluoric acid spot supply is sufficient, Business Analyst Chen Ling believes that the hydrofluoric acid market may be slightly lower.

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