According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic anhydrous hydrofluoric acid market showed a stable trend this week. As of January 10th, the benchmark price of hydrofluoric acid in Shengyi Society was 11500 yuan/ton, a decrease of -0.72% from the beginning of this month.

Raw material side: The price of raw fluorite remains stable this week. 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. The price of fluorite still provides some support for the hydrofluoric acid market. According to the monitoring system of Shengyi Society, as of January 10th, the benchmark price of Shengyi Society’s fluorite was 3603.75 yuan/ton, a decrease of -0.52% compared to the beginning of this month (3622.50 yuan/ton).

On the demand side: As the end of the year approaches, refrigerant quotas are depleted, inventory remains low, but there is still a demand for stocking downstream, and market prices continue to remain firm.

Market forecast: High support from the raw material side, insufficient profit margin in the hydrofluoric acid industry, low downstream inventory, and still high and firm quotations will provide favorable support for the hydrofluoric acid market. Overall, the hydrofluoric acid market will mainly maintain its current situation next week, and more attention should be paid to the news of leading enterprises and market supply and demand.