Market Under Significant Pressure, Hydrofluoric Acid Prices Lowered

May 28th News

The hydrogen fluoride market is under significant pressure, with new contract prices for June being lowered. According to the monitoring and analysis system, as of May 28, the benchmark price of hydrogen fluoride in China was 15,900 CNY per ton, a decrease of -1.65% from the beginning of the month.

On the raw material front: The price of fluorite, a key raw material, has slightly weakened, while sulfuric acid prices remain relatively high. Overall, with one of the two raw materials stabilizing and the other weakening recently, the cost-support base is showing a marginal loosening trend. As a result, the cost support for hydrofluoric acid has weakened, leading to a slight downward adjustment in its price. According to analysis systems, as of May 28, the benchmark price of fluorite stood at 3,468.75 CNY per ton, down 1.42% from the beginning of this month (3,518.75 CNY per ton).

On the demand side: Downstream refrigerant companies as a whole have adopted a relatively slow procurement pace, which limits their upward pressure on hydrofluoric acid prices. Most companies are primarily focused on maintaining production balance and are making small, essential purchases.

Market Forecast: On the supply side, cost support from raw materials is weakening, while downstream demand remains weak, with purchasing driven primarily by essential needs. As a result, demand-side support is eroding. We expect the market price of anhydrous hydrogen fluoride to remain generally stable and weak in the coming period. Further attention should be paid to changes in market supply and demand.