According to the monitoring of the Commodity Market Analysis System of the Business Society, the price trend of anhydrous hydrofluoric acid has remained stable this week. As of the weekend, the market price of hydrofluoric acid was 9657.14 yuan/ton, which is temporarily stable compared to the price of 9657.14 yuan/ton at the beginning of the week and a year-on-year decrease of 17.03%.

Supply side: The price trend of hydrofluoric acid has been weak and stable this week. The mainstream price of hydrofluoric acid discussed by various regions in China is 9500-9900 yuan/ton. Recently, some devices are still in shutdown, but the spot supply of hydrofluoric acid is sufficient, and the order situation of manufacturers for hydrofluoric acid is weak. As a result, the market trend of hydrofluoric acid remains weak.

Raw material side: The market price of raw material fluorite has slightly decreased, with the average domestic fluorite price as of the 25th at 3117.5 yuan/ton, a decrease of 0.6% this week. Recently, the operating rate of domestic fluorite enterprises has slightly increased, and the spot supply of fluorite has increased. On the one hand, there is still tension in upstream mining, and outdated mines will continue to be phased out. In terms of adding new mines, mineral investigation work remains challenging. In addition, mining enterprises are facing increasingly strict safety and environmental requirements, making it more difficult to start fluorite mines. The shortage of raw materials has restricted fluorite enterprises from starting operations. On the other hand, the operating load of domestic hydrofluoric acid is around 60%, and there is still a rigid demand for fluorite procurement. Some hydrofluoric acid enterprises have reduced production, and the demand for raw material fluorite has weakened, leading to a slight decline in fluorite prices.

On the demand side: The market for refrigerant products downstream of the terminal has slightly declined, and the operating rate of the refrigerant industry remains low. Recently, there has been sufficient refrigerant supply, driving the domestic refrigerant R22 price to remain low. The load of refrigerant R22 manufacturers is not high, and the domestic market performance is weak. Inventory digestion is the main focus, and procurement demand has not yet been followed up. The domestic R134a manufacturers are operating at low loads, and the price trend of R134a is declining. Currently, on-demand procurement is the main trend, while downstream enterprises are not operating high. Traders have a strong wait-and-see attitude, and the demand for consumer orders has not yet warmed up. Market confidence is insufficient. Currently, the market quotation for refrigerant R134a is mostly in the range of 23000-25000 yuan/ton, and some enterprises have not resumed production. The demand orders are still small, and the market is stagnant and declining. Overall, the refrigerant market is not good, The operating rate is less than 30%, coupled with a decline in the export market, resulting in weak domestic and external demand. The refrigerant market has slightly declined, while upstream raw material procurement is scarce, and the fluorite market price has slightly declined.

Future Market Forecast: In the short term, the raw material fluorite market will fluctuate, and the downstream refrigerant industry will continue to operate in a sluggish manner. The refrigerant market will slightly decline, and the purchase of hydrofluoric acid will be light. In addition, the normal supply of hydrofluoric acid in stock will affect the production of hydrofluoric acid enterprises, which will cause serious losses. Chen Ling, a hydrofluoric acid analyst at Business Society, believes that the market price trend of hydrofluoric acid will remain stable in the short term.