The latest bidding price for the domestic hydrogen fluoride market has landed, with a delivery price of 11900-12100 yuan/ton in the Jiangsu and Zhejiang regions, a slight increase of 0-100 yuan/ton compared to the previous period. According to the analysis system of Shengyi Society, as of January 29th, the benchmark price of hydrofluoric acid in Shengyi Society was 13066.67 yuan/ton, an increase of 0.26% from the beginning of the month.
Raw material side: The prices of raw materials fluorite and sulfuric acid have been running high this week, providing solid cost support for anhydrous hydrofluoric acid on the raw material side. It is expected that hydrofluoric acid will maintain stable, medium, and strong operation before the holiday. According to the analysis system of Shengyi Society, as of January 29th, the benchmark price of Shengyi Society’s fluorite was 3412.50 yuan/ton, an increase of 0.37% compared to the beginning of this month (3400.00 yuan/ton).
Demand side: As the downstream refrigerant industry approaches the end of the year, production quotas have been exhausted, and overall demand is weak, with on-demand procurement being the main focus. Maintain a wait-and-see attitude and have low purchasing enthusiasm. The market price has shown weak upward momentum, and in the short term, the main focus will be on executing contract orders and maintaining weak stability.
Market forecast: The price of raw material fluorite sulfuric acid is running at a high level, with some support. Downstream demand is weak, and rigid demand is the main focus. Demand side support is average. It is expected that the market price of anhydrous hydrogen fluoride will remain stable with a moderate to strong trend in the later stage. More attention should be paid to changes in market supply and demand.