According to the monitoring of the commodity market analysis system of Shengyi Society, the price trend of anhydrous hydrofluoric acid in China declined in August. As of August 30th, the benchmark price of hydrofluoric acid in Shengyi Society was 10800.00 yuan/ton, a decrease of -4.42% compared to the beginning of this month (11300.00 yuan/ton).

Raw material side: The price of raw material sulfuric acid continues to rise and only falls slightly towards the end of the month. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. 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, the national department will carry out renovation of fluorite mines in the near future, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. In addition, the high temperature and rainy weather in the southern region have increased the difficulty of operating fluorite mines, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight, and the decline in fluorite prices is somewhat restricted. Some domestic enterprises’ facilities for hydrofluoric acid are still shut down and waiting for the market, resulting in limited release of hydrofluoric acid production, low industry profits, and increased losses. Overall, there is still pressure on production costs for enterprises, and the hydrogen fluoride market is weak and declining. According to the monitoring system of Shengyi Society, as of August 30th, the benchmark price of sulfuric acid in Shengyi Society was 340.00 yuan/ton, an increase of 30.77% compared to the beginning of this month (260.00 yuan/ton).

On the demand side: The downstream refrigerant market production demand is weakening, and air conditioning companies are entering the annual maintenance season. In addition, with the recent continuous rainy weather, refrigerant companies have poor stocking conditions and are not actively purchasing upstream products. Price cutting procurement, urgent need for replenishment.

Market forecast: In the near future, upstream sulfuric acid prices will continue to rise, and there will be significant pressure on the production cost of hydrofluoric acid. The downstream refrigerant industry has entered the off-season with weak demand, which has weakened the enthusiasm for purchasing hydrofluoric acid. It is expected that the price of hydrofluoric acid will remain weak and stable in the later period.