The demand for hydrofluoric acid in the market was weak in August, and the price trend declined. According to the analysis system of Shengyi Society, as of August 29th, the benchmark price of hydrofluoric acid in Shengyi Society was 10650 yuan/ton, a decrease of -1.39% compared to July.
On the raw material side, the domestic fluorite price trend rose in August. As of the end of the month, the average domestic fluorite price was 3268.75 yuan/ton, an increase of 3.77% from the beginning of the month at 3150 yuan/ton, and a year-on-year decrease of 7.62%. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. 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. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operating rate of fluorite enterprises. However, with the rise of temperature, northern enterprises are operating normally, and the supply of fluorite enterprises in the field has not changed much. Some fluorite manufacturers have appropriate inventory, and fluorite mining enterprises are holding up prices and selling goods. This has led to a rise in the fluorite market in August. The high cost end of hydrofluoric acid is under pressure, and the pressure of enterprise losses continues to intensify, resulting.
On the demand side: Although the downstream refrigerant market is in the traditional peak season, due to weak terminal demand and low stocking enthusiasm, upstream products are mainly purchased on demand, and there is a strong wait-and-see attitude. The market trading atmosphere is cold, and some companies have reduced their raw material demand due to profit losses. The demand for downstream refrigerants is average, and the market price of hydrofluoric acid is weak and declining.
Market forecast: In August, the domestic fluorite market prices will be under high pressure, with strong cost support and weak downstream terminal demand. Market trading will be sluggish, and enterprise losses will continue to increase. It is expected that the market price of anhydrous hydrogen fluoride will bottom out and rebound in September, with prices easily rising but difficult to fall. More attention should be paid to news from Longtou enterprises and market supply and demand.
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