Hydrogen fluoride market prices remain weak in August

The bidding price for hydrogen fluoride in August decreased by 100-200 yuan/ton compared to the previous month. According to the analysis system of Shengyi Society, as of August 7th, the benchmark price of hydrofluoric acid in Shengyi Society was 10650 yuan/ton, a decrease of -1.39% from the end of July.
Raw material side: The domestic fluorite price trend has slightly increased this week. As of August 7th, the benchmark price of fluorite in Shengyi Society was 3156.25 yuan/ton, an increase of 0.60% compared to the beginning of this month (3137.50 yuan/ton). The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The rise in fluorite prices has put pressure on the cost of hydrofluoric acid, and there is still pressure for production enterprises to incur losses. The purchasing sentiment for high priced fluorite raw materials is relatively low, and it is expected that the hydrofluoric acid industry will continue to operate weakly and consolidate.
Demand side: The downstream refrigerant market has weak terminal demand, low stocking enthusiasm, and mainly purchases upstream products on demand, with a strong wait-and-see attitude. The market trading atmosphere is cold, and some companies have reduced their raw material demand due to profit losses.
Market forecast: The price of raw material fluorite will rise, downstream terminal demand will be weak, supply and demand will not be supported by favorable factors, and market trading will be sluggish. It is expected that the anhydrous hydrogen fluoride market will continue to operate weakly and consolidate in the later stage. More attention should be paid to changes in market supply and demand.

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