The hydrofluoric acid (HF) market has shown a strong upward trend in February, primarily driven by...
The hydrofluoric acid market has seen a slight price increase this week, a trend worth noting for those involved in import and export trade related to chemical products and downstream applications. According to analysis systems, the benchmark price (EXW) of AHF as of March 6th stands at RMB 12,016.67/ton, representing a 0.70% increase compared to the beginning of the month (RMB 11,933.33/ton).
On the supply side, the market has generally been stable, with companies actively maintaining production. However, some regions are experiencing tight supply, potentially indicating increased demand or logistical challenges. This localized shortage is a key factor influencing the recent price adjustments.
The cost side is heavily influenced by raw material prices. This week, the price of fluorspar, a crucial raw material, has risen. The domestic fluorspar industry continues to navigate complex dynamics. Overall, the operating rate of fluorspar enterprises has not changed significantly. However, upstream mining operations face increasing constraints. The gradual elimination of outdated mining practices, coupled with the difficulty in developing new mines and stricter safety and environmental regulations imposed on existing operations, are limiting fluorspar production. This supply tightness is driving up fluorspar prices, providing strong cost support for hydrofluoric acid. Data indicates a 1.95% increase in the benchmark price of fluorspar compared to the beginning of the month.
Furthermore, the recent rise in the price of sulfuric acid, another key raw material, is also providing favorable support for the hydrofluoric acid market. The benchmark price of sulfuric acid has increased by 16.49% compared to the beginning of the month.
On the demand side, the downstream refrigerant market is experiencing price increases, driven in part by favorable policies. This is expected to lead to a substantial increase in demand for refrigerants. Companies within the quota-controlled fluorochemical industry are confident in maintaining higher prices in the refrigerant market. Moreover, increased prices in the foreign trade market are supporting hydrofluoric acid prices as downstream buyers procure on an as-needed basis.
Looking ahead, the upward trend in raw material prices is expected to continue driving a strong hydrofluoric acid market. In the near term, the hydrofluoric acid market is projected to remain stable with a tendency towards strengthening. However, it is crucial to closely monitor the announcements of leading enterprises and the overall market supply and demand dynamics. These factors will play a significant role in shaping future price movements.
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#Fluorspar #Fluorite powder #Acidspar #Metspar #AHF(Anhydrous Hydrofluoric Acid)
