China’s domestic hydrofluoric acid Market in 2020

According to the monitoring data of the business agency, the market price of anhydrous hydrofluoric acid will go down in 2020. The price of anhydrous hydrofluoric acid will go down sharply in 2020. The price of anhydrous hydrofluoric acid will be 10240 yuan / ton at the beginning of the year and 9530 yuan / ton at the end of the year, with an annual decrease of 6.93%. According to the price trend chart, the lowest price of the whole year will appear on November 27, the average market price will be 8400 yuan / ton, and the highest price of the whole year will appear on March 28 The average market price is 11520 yuan / ton, and the maximum amplitude of hydrofluoric acid Market in 2020 is 27.08%.

 

The trend of hydrofluoric acid in 2020 can be roughly divided into four stages: the first stage is from the beginning of the year to the end of March, when the domestic hydrofluoric acid market price rises; the second stage is from the beginning of April to the end of May, when the domestic hydrofluoric acid price drops sharply; the third stage is from the beginning of June to the end of November, when the domestic hydrofluoric acid market price fluctuates at a low level; the fourth stage is from the beginning of December to the end of December, when the domestic hydrofluoric acid market price rises The specific upward trend is as follows:

 

In the first stage, the price of domestic anhydrous hydrofluoric acid increased from 10240 yuan / ton at the beginning of the year to 11520 yuan / ton at the end of March, with an increase of 12.50%. The price of hydrofluoric acid rose sharply. Firstly, during the period of maintenance of some domestic devices, the delivery situation of manufacturers on the site has improved. Affected by the public health time, some manufacturers have not resumed production. In addition, the transportation is limited. The domestic spot supply of hydrofluoric acid is tight. In addition, the inventory of enterprises in the downstream Spring Festival has not been shut down, and the purchase demand has increased Go higher. Second, the upstream raw material fluorite products brought good support. At this stage, the start-up situation of fluorite plants was low, and the fluorite plants in Inner Mongolia and Hebei provinces were temporarily started. On the whole, the fluorite supply was tight, the fluorite price rose, and the higher upstream fluorite price had a great positive impact on hydrofluoric acid, and the market price of hydrofluoric acid rose sharply. The third is that the market price of refrigerant downstream of the terminal has risen. Recently, the trading market of refrigerant downstream of the terminal has turned well. At present, the automobile industry is gradually returning to work, the domestic R22 supply is normal, and the domestic market price of refrigerant R22 has risen. The start-up load of manufacturers’ production devices is still not high, the market supply situation is general, and the downstream air conditioning manufacturers stop more, and the demand changes little The mainstream price of domestic large enterprises is 16500-18500 yuan / ton. The price trend of domestic R134a market is temporarily stable, and the operating rate of production enterprises remains low. At present, the downstream operation is not high, and the demand for R134a is general. At present, the supply of R134a in the market is normal, and the downstream market has improved, which is also a good support for the high price of hydrofluoric acid market.

 

The second stage is from the beginning of April to the end of May, when the domestic price of hydrofluoric acid dropped sharply, from 11320 yuan / ton in early April to 8630 yuan / ton on May 31, a decrease of 23.76%. There are two main reasons for the decline of market price of hydrofluoric acid during this period. First, with the gradual warming of temperature, domestic fluorite enterprises began to work gradually, and the operating rate of fluorite increased. The domestic mines and flotation units started to work more, which increased the spot supply of fluorite in the yard, and the supply of fluorite in the yard was sufficient, and the domestic fluorite price fell. In addition, the fluorite manufacturers in the North began to work gradually, the domestic fluorite supply increased, the fluorite price on the floor declined, and the upstream raw materials fell sharply, which was a big negative effect on the market price of hydrofluoric acid. Second, the operating rate of domestic hydrofluoric acid is about 60% in the near future. Enterprises reflect that the spot supply of hydrofluoric acid is sufficient, but the downstream market is not good, and the market demand for hydrofluoric acid is weakened. Recently, due to the decline of downstream market price and the decline of upstream fluorite price, the domestic market price of hydrofluoric acid continues to decline. Recently, most manufacturers report that hydrofluoric acid has serious losses, and the overall price is low In view of this, domestic hydrofluoric acid market prices fell sharply due to bad news.

 

The third stage is from the beginning of June to the end of November. The price of domestic hydrofluoric acid market fluctuates from 8630 yuan / ton at the beginning of June to 8360 yuan / ton at the end of November, with a decrease of 3.13%. During this period, the price of hydrofluoric acid market fluctuates mainly. Recently, the operating rate of domestic hydrofluoric acid is about 60%. The enterprises reflect that the spot supply of hydrofluoric acid is normal, but the downstream market has not improved significantly. The market demand for hydrofluoric acid is general. Recently, due to the stable price trend of downstream market and little change of upstream fluorite price, the price trend of domestic hydrofluoric acid market is stable. Recently, some manufacturers reflect that hydrofluoric acid still exists The market price of hydrofluoric acid is mainly stable due to the loss and the absence of market price in some areas. Generally speaking, the domestic market price of hydrofluoric acid has no obvious positive support in the near future, and the domestic market price of hydrofluoric acid remains at a low level. In addition, affected by public health events, the demand of domestic refrigerant industry is poor. On the one hand, the domestic demand is not good, and the refrigerant industry starts to maintain below 30%, which is not good for the upstream hydrofluoric acid market demand. On the other hand, recently, the export of refrigerants has been restricted to a certain extent. The overseas epidemic situation is serious, and the export of refrigerants has fallen sharply, resulting in the low price of the domestic refrigerants industry. Recently, the sales of the automobile industry is depressed, the market price of the refrigerant downstream of the terminal is depressed, the foreign special events are serious, the export of the refrigerant terminal is not smooth, and the domestic air conditioning industry starts low, and the demand for maintenance and after-sales is weak. On the whole, the domestic and foreign demand is less than expected. The price of refrigerants dropped sharply. In addition, the downstream industry was not active in purchasing and the demand was poor. The price of refrigerants was low. The price of hydrofluoric acid was low due to bad news.

 

The fourth stage is from the beginning of December to the end of December, when the market price of hydrofluoric acid returns to the rising stage, with an overall increase of 11.85% in December. In recent years, the price of fluorite in the upstream of hydrofluoric acid has maintained a high level, and the domestic fluorite ex factory price is about 2700 yuan / ton. The domestic fluorite plant has declined in operation, and the mine and flotation plant in the yard have been shut down. The supply of fluorite in the yard is tight. The high price of fluorite is a good support for the market price of hydrofluoric acid. Recently, the transaction market of terminal downstream refrigerant market has risen slightly. At present, the automobile industry has entered the stock up cycle, the domestic R22 supply is tight, the domestic R22 market price has risen, the start-up load of manufacturers’ production devices is still not high, the market supply capacity has declined, and the downstream air conditioning manufacturers’ maintenance has little change in demand, but the supply is tight, and the price of domestic large enterprises is low The current rose to 12500-15500 yuan / ton. The price trend of domestic R134a market has not changed much, and the operating rate of production enterprises has remained low. At present, the automobile industry has entered the stocking cycle, the demand for R134a has slightly improved, the downstream market has improved, and the price of hydrofluoric acid has rebounded and gone up. In addition, in recent years, some domestic hydrofluoric acid plants have been shut down for maintenance, the operating rate of hydrofluoric acid plants in the yard has declined, the supply of hydrofluoric acid in the yard is tight, and the market price of hydrofluoric acid has risen sharply.

 

The price trend of domestic hydrofluoric acid industry chain in 2020 is as follows:

 

In 2020, the market of fluorine chemical industry will be weak. From fluorite to hydrofluoric acid, the downstream refrigerant industry will decline in different procedures. The fluorine chemical industry will be in recession, and the terminal demand will not be significantly improved, so the market trend will decline.

 

Chen Ling, hydrofluoric acid analyst of business society, believes that in the short term, the start-up of hydrofluoric acid plant is not high, the supply of hydrofluoric acid market is slightly tight, and the market is good. In addition, the demand of downstream refrigerant industry is relatively normal, and the price of downstream refrigerant industry has a rising trend. In addition, fluorite enterprises have obvious price support intention, and the price may maintain a small rising trend in early 2021. In the long run, with the advent of the peak season of the refrigerant industry, the manufacturers in the domestic refrigerant industry will prepare the goods and gradually start up the refrigerant units for maintenance. At that time, the market price of hydrofluoric acid may rise, and the price may remain at about 11500 yuan / ton. With the end of the peak sales season of the refrigeration industry, it is expected that the upward pressure on the hydrofluoric acid market will increase in the second and third quarters, or the price will gradually fall down to 8000 yuan / T, and the price may rise in the fourth quarter, and the price is expected to be 9500-10500 yuan / T.

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