This week, the domestic market price of anhydrous hydrofluoric acid remained stable (10.19-10.23)

This week, the domestic market price of anhydrous hydrofluoric acid remained stable. As of October 22nd, the benchmark price of hydrofluoric acid in Shengyi Society was 16400.00 yuan/ton, unchanged from the beginning of this month.
On the raw material side: The price of raw fluorite has slightly fallen from its previous high, and the price of sulfuric acid has also loosened, resulting in a marginal weakening of cost support. Although sulfuric acid still accounts for a high proportion of the cost of anhydrous hydrogen fluoride, the overall upward driving force of prices on the raw material side is not as strong as before the holiday. As of October 22nd, the benchmark price of fluorite was 3681.25 yuan/ton, a decrease of 0.67% compared to the beginning of this month (3706.25 yuan/ton).
Supply side: The industry’s operating rate remains above 70%, and there has been no substantial reversal in the short-term oversupply pattern. However, regional differentiation is evident, and the actual quantity of goods sold is limited. The tight supply of local goods in Jiangxi and Fujian is the direct cause of regional price hikes.
Demand side: Refrigerants are still the largest downstream, but only about 40% of mainstream R32 manufacturers are operating. R22 has entered the seasonal off-season, and the market is mainly focused on digesting inventory. The refrigerant sector maintains a rigid demand rhythm for purchasing anhydrous hydrogen fluoride, with no significant short-term incremental plans. The demand for lithium hexafluorophosphate, electronic grade hydrofluoric acid, and other fields is also limited.
Market forecast: Analysts predict that the price of fluorite on the raw material side will slightly decline, and the support for hydrofluoric acid on the cost side will weaken. The short-term oversupply situation is still difficult to solve, and there is still an expectation of a decline on the demand side in the later stage. The upward space for prices under the supply-demand game is limited. It is expected that the short-term domestic market for anhydrous hydrofluoric acid will be dominated by narrow consolidation. More attention should be paid to the raw material end and the implementation of downstream refrigerant enterprise maintenance.