The current anhydrous hydrogen fluoride market is in a two-way tug of war between “cost driven” and “demand suppressed”. According to the analysis system of Shengyi Society, as of January 20th, the benchmark price of hydrofluoric acid in Shengyi Society was 13033.33 yuan/ton, unchanged from the beginning of the month.
On the raw material side, the prices of fluorite and sulfuric acid remained stable this week. Although the prices on the raw material side were stable, they still provided solid cost support for anhydrous hydrofluoric acid, limiting its potential for significant price drops. According to the analysis system of Shengyi Society, as of January 20th, the benchmark price of Shengyi Society’s fluorite was 3406.25 yuan/ton, an increase of 0.18% compared to the beginning of this month (3400.00 yuan/ton).
Demand side: As the downstream refrigerant industry approaches the end of the year, production quotas have been exhausted, and overall demand is weak, with on-demand procurement being the main focus. Maintain a wait-and-see attitude and have low purchasing enthusiasm. The market price has shown weak upward momentum, and in the short term, the main focus will be on executing contract orders and maintaining weak stability. It is expected that the operation of anhydrous hydrogen fluoride will be the main focus in the later stage.
Market forecast: The price of raw material fluorite sulfuric acid is running steadily, but there is still some support. In addition, downstream demand is weak, and rigid demand is mainly purchased, resulting in weak demand side support. It is expected that the market price of anhydrous hydrogen fluoride will mainly consolidate in the later stage. More attention should be paid to changes in market supply and demand.
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