The Price of Hydrofluoric Acid Continues to Rise

Since November, hydrofluoric acid has risen by 6% to 13,940 yuan (ton price, the same below), a new high this year. Since August, the hydrofluoric acid market has continued to strengthen and prices have continued to rise. Data show that the price of hydrofluoric acid rose from 10020 yuan at the beginning of the month to 10,190 yuan at the end of the month, an increase of 1.7%; in September, it rose by 3.5%; in October, it rose by 17.7%.

Regarding the reasons for the continuous increase in the price of hydrofluoric acid, the relevant person believes that the first is that the rising price of raw materials has pushed up the cost. Due to strict environmental inspections, some areas were affected and the installations were shut down. At the same time, the start of domestic fluorite installations has declined, and the shortage of fluorite stocks has pushed prices higher. Up to now, the mainstream domestic fluorite negotiation price is 2,600 to 2,800 yuan, which has increased by 6.6% since August. The price of sulfuric acid, another raw material for hydrofluoric acid, has risen even more. It has now exceeded 800 yuan, an increase of 87.7% from the beginning of this year and an increase of 104.2% from the same period last year.

The second is the high downstream prices. Recent sales in the automobile industry are acceptable, and the price trend of downstream refrigerant products of hydrofluoric acid remains high. The current market quotation of R22 is 25,000-27,000 yuan, an increase of 85.9% compared with the same period last year; the market quotation of R134a is in the range of 50,000-55,000 yuan, an increase of 234.1% compared with the same period last year.

The third is the tight supply of goods. At present, the operating rate of domestic hydrofluoric acid plants is relatively low. Due to the "dual control" of energy consumption and maintenance, some domestic manufacturers have stopped or the operating load is not high. At the same time, some manufacturers in East China have limited power and reduced production load, and some northern enterprises have stopped. Overhaul, so the supply of hydrofluoric acid is tight.

Regarding the market outlook for hydrofluoric acid, after the price of hydrofluoric acid continues to rise, downstream acceptance is not good, high-priced transactions are weak, and the market outlook is under pressure for prices to rise sharply. However, supported by cost and supply, prices remain high and stable in the short term.