According to the analysis system of Shengyi Society, as of February 21st, the benchmark price of hydrofluoric acid in Shengyi Society was 11500.00 yuan/ton, unchanged from the beginning of the month.

Supply side: The market situation has remained stable this week, with enterprises actively starting production, and some regions experiencing tight supply of goods.

On the raw material side: The price of raw fluorite remained stable this week, but the cost remained under high pressure. 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, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Although the rectification action is coming to an end, the affected area has not narrowed. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight. According to the analysis system of Shengyi Society, as of February 21st, the benchmark price of Shengyi Society’s fluorite was 3628.75 yuan/ton, an increase of 0.35% compared to the beginning of this month (3616.25 yuan/ton).

Recently, the price trend of raw material sulfuric acid in the market has risen, providing favorable support for the hydrofluoric acid market. According to the analysis system of Shengyi Society, as of February 20th, the benchmark price of sulfuric acid in Shengyi Society was 430.00 yuan/ton, an increase of 11.69% compared to the beginning of this month (385.00 yuan/ton).

Demand side: Downstream refrigerant quotas are abundant, and downstream refrigerant companies may increase their procurement of hydrofluoric acid. Some companies have a strong reluctance to sell, resulting in price increases and strong support from the demand side for refrigerants.

Market forecast: The recent rise in raw material prices has driven the hydrofluoric acid market to a stronger trend. It is expected that the hydrofluoric acid market will continue to operate steadily and strongly in the future, and more attention should be paid to the news of leading enterprises and market supply and demand.