Category Archives: Uncategorized

Salicylic acid prices fell this week (3.30-4.03)

1、 Price trend

 

According to the price monitoring of business society, the average price of mainstream manufacturers on April 3rd was 14333.33 yuan / ton, 6.52% lower than the average price of 15333.33 yuan / ton at the beginning of the week (30 days), and the market fell this week.

 

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2、 Market analysis

 

Product: the market for salicylic acid fell this week. In the near future, the raw material end has been lowered, and the salicylic acid market has been further explored. Due to the public security incidents abroad, the export of salicylic acid has been reduced by about 3-50%, the domestic market is still fair, and the shipment is gradually smooth. As of April 3, the industrial price of chemical salicylic acid in Maoyuan, Zhenjiang is about 15000 yuan / ton, the pharmaceutical price is 20000 yuan / ton, and the sublimation price is 20000 yuan / ton. The industrial price of salicylic acid in Hebei Jingye chemical industry is about 13000 yuan / ton, the pharmaceutical price is 28000 yuan / ton, and the sublimation price is 19000 yuan / ton. The industrial price of salicylic acid in Shandong Longxin pharmaceutical industry is about 14000 yuan / ton, the factory price of pharmaceutical grade is about 25000 yuan / ton, the factory price of sublimation grade is about 18000 yuan / ton, and the factory price of methyl salicylate is about 24000 yuan / ton. Shandong new hualongxin salicylic acid industrial level reference price is about 15000 yuan / ton, medical level reference price is 24000 yuan / ton, sublimation level reference price is 18000 yuan / ton, and the actual transaction is mainly based on negotiation, with large quantity being preferred.

 

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Industrial chain: after the collapse of crude oil in March, the phenol Market as a petrochemical product entered a period of sharp decline, and the impact of overseas public events continued to intensify. There was no substantial positive progress after the collapse of crude oil, and petrochemical products will continue to explore in the short term. From the cost point of view, the profit of 3300 yuan / ton pure benzene compared with phenol is fair, and the acetone market of the same unit is affected by the demand for downstream isopropanol In the short term, phenol and ketone plant’s profit is relatively good, and phenol recovery in the short term does not exist. In the near future, we will continue to pay attention to the price adjustment trend of petrochemical plants. Phenol analysts of the business agency believe that phenol will continue to explore the bottom under the condition of low demand and full of negative air. The short-term forecast is 5500 yuan / ton, or the market situation will gradually become clear in mid April.

 

3、 Future forecast

 

According to the salicylic acid analyst of the business agency, in the near future, the starting rate of the salicylic acid market is good, the raw materials in the early stage of the upstream are declining, the price of the salicylic acid manufacturer is lowered, the market transaction atmosphere is fair, the export situation is not good, the shipping is temporarily blocked, and it is expected that the salicylic acid will not fluctuate much in the short term, or it will show a stable trend

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The price of formic acid in China’s domestic market rose in March

According to the monitoring data of the business agency, on March 1, 2020, the reference price of 85% formic acid purified water was 1950 yuan / ton. As of March 31, the reference price was 2350 yuan / ton, and the price rose by 20.51% in October. In October, the formic acid market showed an overall upward trend.

 

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2、 Market analysis

 

Products: in March, the domestic industrial grade formic acid market rose as a whole, and the market gradually improved. In the first ten days of March, due to the impact of the epidemic, the formic acid market was temporarily in the non start state, and the dealers and manufacturers’ external quotation prices remained stable, most of which were in a wait-and-see state. In the middle of March, the formic acid market changed from stable to rising, and the overall formic acid market price showed a trend of fluctuation and rising. The inventory of some enterprises was tight, and the dealers and manufacturers slightly increased their quotations, with an increase of 50-300 yuan / ton. Formic acid Market Prices are high. In the last ten days of March, the rising trend has not been changed, and the price of enterprises has been raised by different degrees, but most of them have risen to around 2350 yuan / ton. The manufacturer’s output is less, the market supply is in short supply, and some dealers report that the inventory is not sufficient. At present, the formic acid market has risen steadily, and some of them are still in a rising mentality. The market supply is tight, which has a good support for the formic acid market.

 

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Industrial chain: the domestic liquid ammonia Market of the upstream products of formic acid fluctuated in March, and the overall price rose and fell with each other, ranging from 50-300 yuan / ton; the domestic caustic soda market also showed a stable trend in October, and most of the downstream products were purchased on demand. The upstream raw material support is good, and the downstream leather and pesticide industry demand is normal.

 

3、 Future forecast

 

According to the formic acid analyst of the business agency, the domestic formic acid market is in good condition at present, the raw materials support the formic acid market well, and the market supply is still in short supply. Under the condition of unchanged supply, the market price of formic acid may remain high in April.

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Cryolite market price slightly reduced (3.23-3.27)

1、 Price trend

 

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According to the data of the business club’s bulk list, the market price of cryolite this week was weak. The average market price in Henan was 5833.33 yuan / ton in the week, down 1.13% from Monday’s 5900.00 yuan / ton, down 8.38% from the same period last year..

 

2、 Market analysis

 

Products: according to statistics, the price trend of cryolite has been slightly reduced. As of the 27th, the factory price of cryolite in Shandong Province is about 6000-6950 yuan / ton; the factory price of cryolite in Henan Province is 4800-6700 yuan / ton, 200 yuan / ton lower than last week. At present, the operation of cryolite enterprises in Henan Province is normal, the inventory is sufficient, the quotation of manufacturers is mainly stable, and there is no obvious fluctuation. The upstream raw materials are in short supply, and the downstream demand is weak. Most of the manufacturers focus on digesting inventory, and the users purchase on demand. The stalemate pattern will continue, and the market has poor enthusiasm for trading. It is expected that the price of cryolite will be stable in the short term.

 

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Industry chain: the price trend of fluorite in the upstream of this week slightly declined. The average price in the domestic market at the weekend was 3355.56 yuan / ton, down 1.31% in the week. In recent years, the operation rate of fluorite plant in China has increased. The mine and flotation plant in the site have been resumed gradually. The supply of fluorite in the site has increased. Due to the increase of the supply of fluorite in the site, the price of fluorite has decreased slightly. In the downstream aluminum industry, the risk of excess capacity still exists, and the downstream consumption is not optimistic. The accumulation rate of electrolytic aluminum slowed down, and the cost support began to penetrate. The operation time of low aluminum price is continuous, and the scale of production reduction and maintenance capacity is on the rise. Aluminum prices rose this week, with the market average price at 11533.33 yuan / ton at the weekend, up 2.70% from 11230.00 yuan / ton at the beginning of the week.

 

3、 Future forecast

 

According to the cryolite product analyst of the business association, at present, the upstream electrolytic aluminum plant’s maintenance and production reduction due to the epidemic situation involves expansion of production capacity, reduction of purchase demand and strong willingness to reduce price. From the perspective of supply and demand performance of cryolite market, the manufacturer starts normal, has sufficient inventory, and the downstream side is inclined to purchase on demand. It is expected that the cryolite market will maintain stability temporarily in the later period, with specific attention to market demand.

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In March 2020, antimony market price fell by 9.5% at the end of the month

1、 Price trend

 

In March 2020, the domestic antimony ingot market fell at the end of the month, with an average price of 42125 yuan / ton at the beginning of the month and 38125 yuan / ton at the end of the month, down 9.5%.

 

EDTA

On March 30, the antimony commodity index was 53.07, unchanged from yesterday, down 48.13% from 102.32 (2012-10-16), the highest point in the cycle, and up 12.96% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

 

2、 Market analysis

 

Upstream and downstream: the price of antimony trioxide in this month is lower along with the price of antimony ingot. As of 31, 99.5% is 34500 yuan / ton, with a monthly drop of 2500 yuan / ton; 99.8% is 36000 yuan / ton, with a monthly drop of 3500 yuan / ton.

 

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Domestic market: the antimony ingot market continues to decline this month. At the beginning of this month, due to the fact that the market in Hunan still hasn’t recovered. In the process of enterprises returning to work gradually, the manufacturers’ reluctance to sell was mainly affected by international events. The antimony ingot Market remained stable. After 10 days, the export of antimony products was dragged down. The domestic demand was suspended. The main domestic manufacturers had plans to reduce production. Under the double influence of demand and export, the price of antimony products fell, and the price side was determined As of the 31st, the average price of 2 × low bismuth antimony ingots was 36500 yuan / ton, 1 × antimony ingots 37000 yuan / ton, 0 × antimony ingots 38000 yuan / ton, and 2 × high bismuth antimony ingots 34000 yuan / ton, down 1500-2000 yuan / ton.

 

3、 Future prospects

 

In April, the domestic situation has been further controlled, and the market expectation for consumption in April is warmer, but the overseas market is still relatively serious, the market risk is dependent, the domestic falling resistance is still stronger than the external market, and the ratio of some products will continue to be repaired.

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Crude benzene price fell this week (3.23-3.27)

1、 Price trend:

 

On March 28, crude benzene commodity index was 41.79, unchanged from yesterday, down 68.30% from 131.84 (2013-01-28), the highest point in the cycle, and up 6.47% from 39.25, the lowest point on December 22, 2014. (Note: cycle refers to 2011-09-01 to now).

 

2、 Market analysis:

 

Domestic market: the price of pure benzene continued to fall sharply this week, down 19.30% on a week-on-week basis, with weak negotiation focus. Sinopec’s listing of pure benzene was lowered twice this week, with a total of 800 yuan / ton to 2900 yuan / ton. Some of the downstream hydrobenzene enterprises shut down, the overall operating rate fell, and the focus of the hydrobenzene negotiation continued to move down. As of Friday, the price of crude benzene in Shandong fell to about 2200-2250 yuan / ton.

 

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Industry chain: crude oil: the overall price of oil this week was at the bottom of the shock. Oil prices rallied in the middle of the week in favor of a massive US economic stimulus plan. But the week was still down, with concerns that demand for oil continued to be negative. Compared with March 20, Brent fell 16.86% and WTI fell 2.93% this week. Compared with February 28, 2020, Brent fell 58.21% and WTI fell 44.04% this month. Compared with December 31, 2019, Brent decreased by 68.4% and WTI by 58.61%. Pure benzene: this week, the price focus of pure benzene has moved down sharply again. Continuing last week’s situation, Sinopec continued to fall for two consecutive times this week, with the listing price of pure benzene reduced by 800 yuan / ton to 2900 yuan / ton. The fundamental contradiction of pure benzene is gradually increasing. Downstream: the operation rate of domestic styrene plant is reduced, the domestic supply is reduced, and the situation of port to ship is less than that in the earlier stage. This week, the styrene market price fell continuously, and most domestic enterprises reduced prices and promoted sales. The market price of aniline is stable, individual enterprises stop production and balance supply and demand.

 

Industry: according to the price monitoring of the business agency, in the 12th week of 2020 (3.23-3.27), there are 10 kinds of commodities rising month by month in the list of commodity prices in the chemical sector, including 2 kinds of commodities rising by more than 5%, accounting for 2.3% of the number of commodities monitored in the sector; the top three commodities are formic acid (17.09%), isopropanol (17.08%) and nitric acid (3.23%). There are 40 kinds of commodities falling on a month on month basis, with 14 kinds of commodities falling by more than 5%, accounting for 16.1% of the number of commodities monitored in the sector; the top three products falling were pure benzene (- 19.30%), crude benzene (- 15.83%) and ethylene oxide (- 13.16%), with an average increase or decrease of – 1.6% this week.

 

3、 Trend Forecast:

 

Crude oil fundamentals are weak. Although the United States proposes economic stimulus plan, overseas situation is not optimistic. Oil prices continue to be under pressure. The operating rate of aniline styrene in the downstream decreased, and the pure benzene inventory in the port area was high and the supply was sufficient. The demand of downstream hydrogenated benzene enterprises is weak, and it is expected that the aftermarket atmosphere of crude benzene market will be empty.

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Polysilicon supply and demand are stable, and the export may encounter resistance in the later stage (3.23-27)

1、 Price trend

 

This week (3.23-27), the domestic polysilicon market is weak and stable, and the prices of polycrystalline compact materials and polycrystalline non washable materials remain unchanged, maintaining the early trend. Affected by the epidemic, the downstream purchase demand further shrinks, and the export of components significantly shrinks, so the market price is still low this week, and the market mostly implements the early order price. According to the monitoring of the business agency, the rise and fall of polysilicon this week is 0, and the price of polysilicon has been kept at the bottom for two consecutive weeks.

 

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2、 Market analysis

 

From the perspective of demand, the terminal has not improved, and the downstream operating rate remains at a low stage. Some new single crystal production capacity is delayed due to the impact of the epidemic, and the operation is not as expected, which restricts the demand for polysilicon to some extent. However, due to the gradual recovery of the operating rate of the downstream single crystal enterprises currently in production, the demand for polysilicon is also slightly stable. In terms of market supply, at present, some of the polysilicon plants are shut down, and the overall operating rate in China is maintained at 80-90%. As of March 27, there are 1 domestic polysilicon plant with load reduction operation, 1 maintenance plant, and the domestic production maintains a high operating rate. In addition, from the perspective of external supply, it shows a tightening trend, and the import volume caused by the exit of polysilicon production capacity in South Korea is greatly reduced, which also eases the domestic supply pressure to some extent, and plays a supporting role in the current weak polysilicon market. At present, the manufacturers mainly execute the early orders, and some enterprises have signed the orders in April. In addition, the market transportation pressure is not great, but affected by the increase of transportation cost, the delivery speed of the manufacturers has declined. According to the monitoring of the business agency, the main domestic transaction price of polysilicon with the model of primary solar material is 55000-58000 yuan / ton.

 

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3、 Future prospects

 

In the future, the business community believes that at present, the supply and demand of polysilicon is basically balanced. On the one hand, domestic enterprises are gradually returning to work, and the downstream operation rate is slightly improved. The domestic operation rate remains high, but the demand is still not much improved. On the other hand, the export of downstream polysilicon components is affected to some extent. According to statistics, the export of battery components fell 29% year on year in February, which is not optimistic in the future 。 The trend of overseas epidemic is becoming increasingly severe, and the future export will still bring many challenges. At present, domestic demand remains stable, which to some extent eases the pressure of enterprises. It is expected that polysilicon will still be weak in the near future, and it is unlikely to rebound significantly.

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On March 25, nickel price fell slightly by 0.66%

1、 Trend analysis

 

According to the nickel price monitoring of the business association, on March 25, the nickel price fell slightly, and the spot nickel price was 92416.67 yuan / ton, down 0.66% from the previous day, down 10.48% year on year. Shanghai nickel opened at 93500 yuan, then fell in price shocks, closing at 91890 yuan, up 0.22%.

 

2、 Market analysis

 

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Due to the impact of the epidemic, prevention and control in the Philippines has been upgraded. As the main source of nickel ore import in China, the expectation of the reduction of nickel output and supply in the Philippines has raised market concerns about the support of nickel price. The downstream just needs to purchase. At present, the terminal consumption is still weak, but the downstream stainless steel price is relatively strong. On the macro level, the hope that the US will launch a $2 trillion economic assistance plan will ease investors’ concerns about the available supply, most metals rebounded overnight, and the price of nickel rose sharply after the overnight opening.

 

3、 Future prospects

 

Future market forecast: nickel price is greatly affected by macro factors, and now supply and demand are weak, while nickel price is still weak in short term.

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The US wants to intervene in the price dispute in the Russian and SAUDI ARABIA oil market, and the crude oil price rebounds in retaliation

On March 19, WTI crude oil futures market prices in the United States rebounded sharply, with main contracts up $5.54 to 25.91 yuan / barrel. Brent crude oil futures market prices rebounded sharply, the main contract at $30.30/barrel, up $3.61. In particular, WTI’s settlement price rose by 27% in a single day, the largest one-day increase in recent years, recovering some of the losses that have continued to decline in recent days. The main reason was Trump’s public statement that he was timely involved in the oil market dispute between Russia and Saudi Arabia, but the market generally remained worried about the future.

 

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U.S. President trump said Thursday he will intervene in the oil price dispute between Saudi Arabia and Russia at the right time, saying that while the current collapse in oil prices has hurt the oil industry, low gasoline prices are good for U.S. consumers. He added that the United States is trying to find some kind of middle ground and has talked with several relevant people about the dispute.

 

As can be seen from the comments, the US has indicated that it will fight the oil price war between Saudi Arabia and Russia. Market news indicates that the US may seek sanctions against Russia to stabilize the market, while the US also wants to urge Saudi Arabia to reduce production. Because the low price has seriously impacted the shale oil market in the United States, a large number of shale oil enterprises in the United States have been in a dangerous situation, facing the rupture of the capital chain at any time, bankruptcy and bankruptcy are imminent, and the obvious change of the attitude of the U.

 

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In addition, the United States also timely released favorable information on commercial crude oil inventory data, aiming to reverse the decline of oil prices. On Tuesday, March 17, the United States announced that API crude oil inventory for the week ending March 13 was – 421000 barrels, expected to be 2.933 million barrels, with a previous value of 6.4 million barrels. Although the United States wants to support the international oil price by using the good crude oil inventory data, it has not received the actual positive effect.

 

In the future, it seems to the business community that although crude oil rebounds sharply, it is difficult to reverse the long-term downturn in oil prices. At present, the global epidemic is still relatively serious, which leads to the closure of schools, enterprises and public places, and curbs global economic activities. The global demand for crude oil continues to shrink. Moreover, the oil price war between Saudi Arabia and Russia shows no signs of turning around, Saudi Arabia’s substantial increase in production has exposed the risk of obvious excess supply in the market, which, combined with the negative macro level, makes the global stock market sad. The decline of risk assets is hard to change. It is expected that the crude oil will still fluctuate at a low level in the near future, so it is not ruled out that it is possible to continue to explore the low level.

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This week’s decline of aniline compared with the cost side is smaller

1、 Price trend

 

According to a large number of data in the list of business agencies, aniline enterprises cut prices at the beginning of this week, and then maintained a stable trend. The price of Shandong is 5900 yuan / ton, down 300 yuan / ton from Friday, down 4.84%; the price of Nanjing is 6150 yuan / ton, down 300 yuan / ton from Friday, down 4.65%

 

2、 Analysis and comment

 

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Raw materials: this Friday, the price of pure benzene is 3500-4200 yuan / ton. This week, the price center of pure benzene moved down again, and the port inventory accumulated slightly. The average listing price of pure benzene on the 13th was 4680 yuan / ton, and the average listing price on the 20th was 3840 yuan / ton, with a weekly decrease of 17.95%. Sinopec lowered the listing price of pure benzene on Tuesday, which exceeded market expectations, leading to weak market negotiations. In addition, the import of pure benzene fell sharply, and the market was in a bad mood.

 

The price of nitric acid rose this week. The production price in East China was 1550 yuan / ton, up 50 yuan / ton or 3.33% compared with last week. But it is weak for aniline.

 

Product: affected by inventory pressure and cost, aniline price was lowered at the beginning of the week. In the later stage, supply and demand of aniline were stable, and enterprises tended to wait and see. Compared with the sharp drop of pure benzene, the downward range of aniline is small and the profit space is expanded.

 

3、 Future expectation

 

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Raw materials: the downstream products are dragged down by the weak terminal demand, the inventory release is slow, and the pure benzene market continues to be negative. In the near future, the internal and external arbitrage has been opened, and the subsequent Southeast Asian low-cost goods sources or arbitrage into China; in addition, the pure benzene plant has gradually increased its load, and the subsequent contradiction between supply and demand is more prominent. Under the short-term contradiction between supply and demand, it is difficult for pure benzene to improve substantially. It is expected that pure benzene will reach a new low.

 

The pure benzene market lacks good, or continues to weaken, the cost surface is loose, and the support for aniline price is weakened. In addition, the downstream start-up is relatively slow, the demand for aniline is limited, and the enterprise’s shipping pressure still exists.

 

Cost side wide loose, downstream procurement cautious, later if pure benzene continues to decline, aniline or follow-up to promote shipment.

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Price trend of hydrofluoric acid Market in China is stable temporarily (3.16-3.20)

According to statistics, the price trend of hydrofluoric acid in China this week is temporarily stable. As of the end of the week, the price is 11500 yuan / ton, which is temporarily stable compared with 11500 yuan / ton at the beginning of the week, up 6.73% year on year.

 

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Products: this week, the price trend of hydrofluoric acid is temporarily stable. In the near future, the situation of on-site manufacturers’ delivery has improved. Some on-site manufacturers have not resumed production. The domestic spot supply of hydrofluoric acid is normal, the purchase demand has increased, and the market price trend of hydrofluoric acid is temporarily stable. In the near future, the price of raw material fluorite remains high. The market price of hydrofluoric acid has been supported to a certain extent, and the price trend of domestic hydrofluoric acid remains high, By the end of the weekend, the mainstream of hydrofluoric acid negotiation in the South was 11000-12000 yuan / ton, and the price of hydrofluoric acid in the north market was 10500-11500 yuan / ton. In the near future, the domestic market price of hydrofluoric acid has been temporarily stable. In the near future, the demand of downstream refrigerant industry is general, and the delivery orders of hydrofluoric acid manufacturers have increased. Some manufacturers report that the price is temporarily stable in the near future. By the end of the week, the mainstream of domestic hydrofluoric acid negotiation in Fujian was about 11000-11500 yuan / ton, the price of hydrofluoric acid in Shandong was 11000-11500 yuan / ton, the price of hydrofluoric acid in Jiangxi was 11000-12000 yuan / ton, the price of hydrofluoric acid in Inner Mongolia was 10500-11500 yuan / ton, and the market price trend of hydrofluoric acid was temporarily stable.

 

Industry chain: the price of fluorite in the upstream of hydrofluoric acid remained high this week. By the end of the week, the ex factory price of fluorite was 3400 yuan / ton. The supply of fluorite in China was tight, and the price of fluorite was stable. The high price of upstream cost had a certain impact on the cost support of hydrofluoric acid market. In the near future, some manufacturers still haven’t resumed production. The supply of fluorite in China was very tight, and the price of fluorite remained high. In the near future, the transaction market of downstream refrigerants of the terminal has increased. At present, the automobile industry is gradually back to work. The supply of R22 in China is tight. The price trend of domestic refrigerants R22 market is rising slightly. The starting load of the manufacturer’s production units is still not high. The supply of goods in the market is general. The downstream air-conditioning manufacturers stop more and the demand changes little. The price mainstream of domestic large enterprises rises to 16500-1850 0 yuan / ton. The price trend of R134a market in China has increased slightly, and the unit operation rate of production enterprises has increased slightly. At present, the downstream operation is not high, and the demand for R134a is general. Recently, the stock of downstream industry has increased, and the price has increased slightly. The downstream is still on-demand procurement, and the price trend of hydrofluoric acid market remains high.

 

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Industry: this week, the upstream raw materials fluorite and hydrofluoric acid market spot supply is tight, coupled with the downstream refrigerant industry on-demand procurement, hydrofluoric acid market price trend remains high.

 

In the near future, the operation rate of domestic refrigerant units has increased. For the demand of hydrofluoric acid market, the demand for hydrofluoric acid is on demand. The spot supply of hydrofluoric acid in the field is tight. In addition, the supply of raw materials in the near future is limited, and the cost price has been supported to some extent. Chen Ling, an analyst of hydrofluoric acid in the business association, thinks that the market price of hydrofluoric acid will fluctuate at a high level next week.

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