According to the monitoring of the Commodity Market Analysis System of the Business Society, the price of anhydrous hydrofluoric acid in China has slightly decreased this week. As of the 7th, the market price of hydrofluoric acid was 9585.71 yuan/ton, a decrease of 0.74% compared to the 1st price of 9657.14 yuan/ton, and a year-on-year decrease of 10.41%.

Supply side: Recently, the price of hydrofluoric acid has slightly declined, with the mainstream price negotiated by various regions in China ranging from 9300 to 9700 yuan/ton. Poor demand has led to severe losses for hydrofluoric acid enterprises. Recently, some units have been shut down and waiting for market, resulting in a decrease in spot supply of hydrofluoric acid and a weak order situation for manufacturers. As a result, the hydrofluoric acid market has slightly declined, with raw material fluorite prices slightly declining, and downstream refrigerant demand not good, Less than 60% of the production of anhydrous hydrofluoric acid has started, and some enterprises have increased their inventory, which has affected the downward trend of the hydrofluoric acid market.

Raw material side: Recently, the price trend of domestic fluorite has slightly declined. As of the 7th, the average price of domestic fluorite was 3062.5 yuan/ton, which is 1.76% lower than the 1st price of 3117.5 yuan/ton. The operating rate of fluorite enterprises remains high, and upstream mining is still tense. Backward mines will continue to be phased out, and new mines will still face difficulties in mineral investigation. In addition, mining enterprises are facing increasingly strict safety and environmental requirements, and fluorite mines are not operating properly, resulting in environmental protection The requirements of emergency management departments and others are becoming stricter, and the difficulty of starting mining has increased. Affected by the tight supply of raw materials, the fluorite market price still has support, with high prices for raw materials and heavy pressure on hydrofluoric acid enterprises.

On the demand side: The market for downstream refrigerant products at the terminal has declined, and the operating rate of the refrigerant industry has remained low. Due to quota elimination in the R22 market, large-scale units have replaced R507 products, resulting in a slow increase in product sales. The fluoropolymer market continues to be sluggish, refrigerant R22 manufacturers have low load, domestic market performance is weak, inventory digestion is the main focus, and procurement demand has not yet followed up. The domestic R134a manufacturers are operating at low loads, and the price trend of R134a is declining. Currently, on-demand procurement is the main trend, while downstream enterprises are not operating high. Traders have a strong wait-and-see attitude, and the demand for consumer orders has not yet warmed up. Market confidence is insufficient. Currently, the market quotation for refrigerant R134a is mostly in the range of 23000-25000 yuan/ton, and some enterprises have not resumed production. The demand orders are still small, and the market is stagnant and declining. Overall, the refrigerant market is not good, In addition, the export market has declined, resulting in weak domestic and foreign demand. The refrigerant market has slightly declined, with scarce procurement of upstream raw materials, and the hydrofluoric acid market has been dragged down by demand.

Future Market Forecast: The upstream raw material fluorite market has slightly declined, but fluorite companies have a strong intention to increase prices. The downstream refrigerant industry remains sluggish in production, with weak procurement of hydrofluoric acid, high inventory of hydrofluoric acid, and resonance between high raw materials and poor demand. Chen Ling, a hydrofluoric acid analyst at Business Society, believes that the hydrofluoric acid market is unlikely to improve in the short term and the market remains sluggish.