According to the monitoring of the Commodity Market Analysis System of the Business Society, the price of anhydrous hydrofluoric acid in China increased in August. As of the 28th, the market price of hydrofluoric acid was 9766.67 yuan/ton, an increase of 2.99% from the beginning of the month’s price of 9483.33 yuan/ton, and a year-on-year decrease of 4.52%.

Supply side: Recently, the price of hydrofluoric acid has risen, and the mainstream price of hydrofluoric acid discussed in various regions in China has increased to 9700-10100 yuan/ton. Recently, some devices have been shut down and waiting for the market, and the spot supply of hydrofluoric acid has not changed much. The order situation for hydrofluoric acid from manufacturers is normal, with anhydrous hydrofluoric acid starting at around 60%. Some enterprises still have inventory, but due to strong costs, the price trend of hydrofluoric acid market has increased.

Cost side: The price trend of domestic fluorite has increased. As of the 28th, the average price of domestic fluorite was 3150 yuan/ton, an increase of 3.07% compared to the first day 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.

In August, the market price of sulfuric acid skyrocketed. As of the 28th, the average price of domestic sulfuric acid was 294 yuan/ton, a significant increase of 83.75% compared to the price of 160 yuan/ton on the first day. 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 sharp 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, and the price increase in the hydrofluoric acid market is limited.

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.