The price trend of hydrofluoric acid in the market declined in December

According to the monitoring of the commodity market analysis system of Business Society, the domestic price trend of anhydrous hydrofluoric acid in December has declined. As of the end of the month, the market price of hydrofluoric acid was 10583.33 yuan/ton, a decrease of 1.70% from the beginning of the month price of 10766.67 yuan/ton, and a year-on-year decrease of 15.33%.

 

Supply side: In December, the domestic hydrofluoric acid price trend declined, with the mainstream negotiated prices in various regions of the country ranging from 10400 to 10600 yuan/ton. Recently, some units have been shut down and waiting for the market, and the spot supply of hydrofluoric acid has not changed much. The order situation of manufacturers for hydrofluoric acid is not good, and the production of anhydrous hydrofluoric acid is below 60%. The upstream cost of fluorite prices has declined, the hydrofluoric acid market price has fallen, and some manufacturers have accumulated inventory, The hydrofluoric acid market slightly declined in December.

 

Cost side: The price trend of domestic fluorite has slightly declined. As of the end of the month, the average price of domestic fluorite was 3531.25 yuan/ton, a 2.25% decrease from the beginning of the month’s price of 3612.5 yuan/ton. The operating rate of fluorite enterprises remains low, and upstream mining is still tight. Backward mines will continue to be phased out, and new mines will face difficulties in mineral investigation. In addition, mining enterprises are facing increasingly strict safety and environmental requirements, and fluorite mines are operating insufficiently, Strict requirements from environmental protection and emergency management departments have increased the difficulty of starting mining operations. The shortage of raw materials has limited the production of fluorite enterprises, making it difficult for fluorite flotation enterprises to increase their production. However, the downstream demand procurement situation is poor, and the long short game intensifies, causing a slight decline in fluorite prices. As a result, the price trend of hydrofluoric acid in the market has declined.

 

In December, the price trend of sulfuric acid market declined, with an average domestic sulfuric acid price of 274 yuan/ton as of the end of the month. The upstream sulfur market trend of sulfuric acid has declined, and the cost has lost support. Downstream customers of sulfuric acid have poor purchasing enthusiasm for sulfuric acid, and negative factors support the downward trend of sulfuric acid product prices. The decline in sulfuric acid prices is detrimental to the domestic hydrofluoric acid market, and the price of hydrofluoric acid continues to decline.

 

On the demand side, the market for refrigerant products downstream of the terminal remains low, and the operating rate of the refrigerant industry remains low. The procurement of raw materials is not active, and the load of refrigerant R22 manufacturers is not high. Downstream procurement needs to follow up, and some enterprises have absorbed quotas in advance. The monthly average quantity of remaining quotas is relatively small, and the price trend of R22 is mainly falling. The domestic R134a manufacturers are operating at low loads, but the actual high-end quotations have fallen, and the purchasing atmosphere has cooled down. Currently, the market quotation for refrigerant R134a is mostly in the range of 26000-28000 yuan/ton. The demand in the refrigerant industry during the off-season is insufficient, and transactions are relatively flat. The refrigerant industry has maintained low production, poor demand, and the demand for hydrofluoric acid in the refrigerant industry has not improved. The procurement of hydrofluoric acid is not active, and the price trend in the hydrofluoric acid market has declined.

 

Market forecast: In the near future, there will be a downward trend in the upstream raw material fluorite market, and a downward trend in the price of sulfuric acid; In addition, the downstream refrigerant industry has maintained a low level of production, leading to a decrease in enthusiasm for purchasing hydrofluoric acid. Some hydrofluoric acid companies have accumulated inventory, increasing negative factors. Chen Ling, a hydrofluoric acid analyst at Business Society, believes that the hydrofluoric acid market trend may slightly decline in the future.

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