According to the monitoring of the commodity market analysis system of Shengyi Society, the price of anhydrous hydrofluoric acid in China remained stable at a high level this month. As of November 27th, the benchmark price of hydrofluoric acid in Shengyi Society was 11975.00 yuan/ton, an increase of 5.51% compared to the beginning of this month (11350.00 yuan/ton).

Raw material side: The price of raw material fluorite has increased 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 November 28th, the benchmark price of Shengyi Society’s fluorite was 3675.00 yuan/ton, an increase of 4.63% compared to the beginning of this month (3512.50 yuan/ton).

Demand side: Entering the off-season, downstream refrigerant market demand weakens. Some models of devices are expected to undergo maintenance or shutdown. For the decline in demand for upstream products, on-demand procurement is the main focus. Affected by this, the domestic hydrofluoric acid market price may experience a slight correction.

Market forecast: In the near future, the supply of hydrofluoric acid will be tight, the market price of raw materials will rise, the demand for downstream refrigerants will weaken, and some models of equipment are expected to undergo maintenance or shutdown. It is expected that the price of hydrofluoric acid may experience a correction in the later period.