In January, the hydrogen fluoride market was strongly supported by the continuous strengthening of upstream raw material costs, and the market price center further shifted upward. According to the analysis system of Shengyi Society, as of January 31st, the benchmark price of hydrofluoric acid in Shengyi Society was 13033.33 yuan/ton, an increase of 2.36% compared to December.

Raw material side: The prices of raw materials such as fluorite and sulfuric acid have risen, and the cost pressure on hydrogen fluoride production enterprises is significant, squeezing their profit margins. The sustained high cost of raw materials provided strong support for the price of hydrogen fluoride, becoming the core driving force behind the price increase in February. According to the analysis system of Shengyi Society, as of January 30th, the benchmark price of Shengyi Society’s fluorite was 3412.50 yuan/ton, an increase of 0.37% compared to the beginning of this month (3400.00 yuan/ton).
Demand side: The downstream demand side pattern is relatively stable. The largest downstream refrigerant industry for hydrofluoric acid is approaching the end of the year, with production quotas exhausted and overall demand not showing explosive growth, continuing to maintain an on-demand procurement model. Maintain a wait-and-see attitude and have low purchasing enthusiasm. The market price has shown weak upward momentum, and in the short term, the main focus will be on executing contract orders and maintaining weak stability.
Market forecast: The sustained high cost of raw materials provides strong support for the price of hydrofluoric acid. Downstream demand is relatively stable, with rigid procurement being the main focus. It is expected that the market price of anhydrous hydrogen fluoride will remain stable with a moderate to strong trend in the later stage. More attention should be paid to changes in market supply and demand.