Cost side driving force, hydrofluoric acid market price rising

According to the monitoring of the Commodity Market Analysis System of the Business Society, the price of anhydrous hydrofluoric acid in China has slightly increased. As of the 18th, the market price of hydrofluoric acid was 9566.67 yuan/ton, an increase of 0.88% compared to the 10th price of 9483.33 yuan/ton, and a year-on-year decrease of 6.34%.

 

PVA 1799 (PVA BF17)

Supply side: Recently, the price of hydrofluoric acid has slightly increased. The mainstream price of hydrofluoric acid discussed in various regions in China is 9400-9800 yuan/ton. Recently, some devices have been shut down for sale, and the spot supply of hydrofluoric acid has not changed much. The order situation for hydrofluoric acid from manufacturers is average, with anhydrous hydrofluoric acid starting at around 60%. Some enterprises have accumulated inventory, but the market price trend of hydrofluoric acid has increased recently due to strong support from raw materials such as fluorite and sulfuric acid.

 

Cost side: The price trend of domestic fluorite has increased. As of the 18th, the average price of domestic fluorite was 3093.75 yuan/ton, an increase of 1.23% compared to the 10th price of 3056.25 yuan/ton. The operating rate of fluorite enterprises remains low, and upstream mining is still tense. Backward mines will continue to be phased out, and new mines will be added. Mineral investigation work is still difficult. In addition, mining enterprises are facing increasingly strict safety and environmental requirements, and fluorite mines are operating insufficiently, resulting in environmental protection The requirements of emergency management departments and others are becoming stricter, and the difficulty of starting mining has increased. Due to the tight supply of raw materials, the fluorite market is unlikely to improve in the short term. The focus of spot negotiations has strengthened, and downstream enterprises have followed up on demand. Cost support has led to a rise in the price of hydrofluoric acid in the market.

 

PVA

Recently, the sulfuric acid market has significantly increased. As of the 18th, the average price of domestic sulfuric acid was 252 yuan/ton, a significant increase of 41.57% compared to the price of 178 yuan/ton on the 10th. The upstream sulfur market of sulfuric acid has continued to rise recently, and cost support has increased. Downstream customers of sulfuric acid have a good enthusiasm for purchasing sulfuric acid, and multiple positive factors jointly support the upward trend of sulfuric acid products. The significant rise in sulfuric acid prices has boosted the domestic hydrofluoric acid market.

 

On the demand side: The market for refrigerant products downstream of the terminal remains low, and the operating rate of the refrigerant industry has slightly decreased. In addition, the refrigerant market has experienced a long-term downward trend, and the load of refrigerant R22 manufacturers is not high. Downstream procurement needs to follow up, and the demand peak season is gradually turning weak. Currently, overseas export orders have not significantly improved, and the price of R22 has slightly decreased. The domestic R134a manufacturers are operating at low loads, and the price trend of R134a is temporarily stable. Some enterprises have a strong reluctance to sell, and there is no mentality of buying low-priced orders. Some merchants have temporarily stabilized the price trend, and the demand for consumer orders has not significantly improved. Currently, the market quotation for refrigerant R134a is mostly in the range of 24500 to 25500 yuan/ton. Supply and cost factors have driven refrigerant enterprises to have a clear intention to increase prices, and refrigerant prices are stable. The market situation in the downstream refrigerant industry has not changed much, but the refrigerant operating rate remains low. For the hydrofluoric acid market, on-demand procurement is the main focus, which correspondingly suppresses the growth of the hydrofluoric acid market.

Future forecast: The market trend of upstream raw material fluorite is on the rise, fluorite enterprises have a strong intention to raise prices, and sulfuric acid prices are significantly higher; The downstream refrigerant industry is operating at a low level, with the main focus on on-demand procurement of hydrofluoric acid. Chen Ling, a hydrofluoric acid analyst at Business Society, believes that in the short term, the hydrofluoric acid market is mainly affected by cost and the price trend is rising.

http://www.pva-china.net

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