According to the monitoring of the commodity market analysis system of Shengyi Society, the price trend of anhydrous hydrofluoric acid in China declined in July. As of July 31, the average price of anhydrous hydrofluoric acid in China was 11333.33 yuan/ton, a decrease of 1.59% compared to the beginning of the month price of 11516.67 yuan/ton.

Raw material side: Recently, due to the continuous rise in raw material sulfuric acid prices, the production costs of enterprises have been under pressure, and the hydrogen fluoride market has weakened and declined. According to the monitoring system of Shengyi Society, as of July 31st, 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).

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.

Demand side: The bidding price for hydrogen fluoride from downstream refrigerant manufacturers is gradually being introduced, and the market is generally falling by 300 yuan/ton. In the off-season of demand, the production demand for refrigerants in the market has weakened, and air conditioning companies have entered 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.

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.