The hydrofluoric acid market remained stable overall in December

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic market for anhydrous hydrofluoric acid and hydrogen fluoride has remained stable this month, with some enterprises experiencing slight increases. As of December 26th, the benchmark price of hydrofluoric acid in Shengyi Society was 11583.33 yuan/ton, unchanged from the beginning of this month.

 

Raw material side: The price of fluorite raw material has decreased this month. 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 operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight. According to the monitoring system of Shengyi Society, as of December 26th, the benchmark price of Shengyi Society’s fluorite was 3647.50 yuan/ton, a decrease of -0.75% compared to the beginning of this month (3675.00 yuan/ton).

 

On the demand side, the domestic refrigerant market saw an increase in December. Some varieties have seen a significant increase in price, while demand remains strong. However, as the end of the year approaches, other downstream enterprises have low purchasing enthusiasm and mainly execute previous orders, with some devices operating at reduced loads. Maintain a wait-and-see attitude.

 

Market forecast: The domestic hydrogen fluoride market will start operating at 55.9% in December, a decrease of 4.2% compared to November. As the end of the year approaches, although the downstream refrigerant market demand is good, the consumption of other downstream products has decreased. Overall, the demand is good, and it is expected that the price of hydrofluoric acid will fluctuate and remain stable next month. More attention should be paid to the news of leading enterprises, and there is a possibility of market recovery after the year.

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