Recently, the operating load of hydrogen fluoride enterprises has decreased, raw materials have increased, inventory is tight, and cost pressure continues to increase; However, downstream terminal demand is generally low, with a lower acceptance of high priced raw materials, and still primarily focused on rigid procurement. Overall, the hydrogen fluoride market is showing a stable to strong trend. According to the analysis system of Shengyi Society, as of September 10th, the benchmark price of hydrofluoric acid in Shengyi Society was 11466.67 yuan/ton, an increase of 7.67% from the end of August.
On the raw material side: This week, the domestic supply of fluorite is tight, with prices rising, putting high pressure on the cost of hydrogen fluoride. As of September 10th, the benchmark price of fluorite in Shengyi Society was 3318.75 yuan/ton, an increase of 1.53% compared to the beginning of this month (3268.75 yuan/ton). 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 operation of fluorite enterprises. The sustained high price of fluorite puts pressure on the cost of hydrofluoric acid, and production enterprises still face the pressure of losses, resulting in cost inversion. It is expected that hydrogen fluoride enterprises will continue to rise in the later stage.
Demand side: Structural differentiation in downstream market demand. The mainstream varieties r134a and r32 have a strong upward trend in the market, while r22 products are mainly restocked for essential needs due to weak terminal demand, slower procurement pace, and a cold market trading atmosphere. Overall, demand support for hydrogen fluoride is stable, moderate, and strong, and it is expected that the price trend of hydrogen fluoride will continue to rise in the short term.
Market forecast: The price of raw material fluorite will rise, the cost of hydrofluoric acid will be under high pressure, and production enterprises will still face loss pressure. Downstream terminal demand is average, and only a small number of orders will be signed. It is expected that the anhydrous hydrogen fluoride market will continue to have a strong trend in the later stage. More attention should be paid to changes in market supply and demand.
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