According to the monitoring of the commodity market analysis system of Shengyi Society, the price trend of anhydrous hydrofluoric acid in China rose in October. As of October 28th, the benchmark price of Shengyi Society’s hydrofluoric acid (export) was 12866.67 yuan/ton, an increase of 1.05% compared to the beginning of this month (12733.33 yuan/ton).
Raw material side: The fluorite market has slightly increased this week, and the price of raw material sulfuric acid has risen. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. 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. Although the rectification action is coming to an end, the affected area has not narrowed. The difficulty of fluorite mining operation has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight, and the inventory of fluorite enterprises is low. With the supply shortage combined with the winter storage season, the atmosphere of factory price increases is strong. The cost of hydrofluoric acid is under pressure. According to the monitoring system of Shengyi Society, as of October 28th, the benchmark price of sulfuric acid in Shengyi Society was 417.50 yuan/ton, an increase of 23.70% compared to the beginning of this month (337.50 yuan/ton).
Demand side: Downstream refrigerant market maintenance is gradually recovering, and the quota stock in December is not high. It is expected that there will be insufficient production in the later stage, resulting in weakened demand.
Market forecast: Recently, there will be an increase in raw material prices, and the cost side will still be under pressure. The market supply is scarce, and it is expected that prices will rise significantly at the beginning of next month.
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