As of June 18th, the benchmark price of hydrofluoric acid in Shengyi Society was 15766.67 yuan/ton, a decrease of -0.84% from the end of last month. Recently, there has been no clear directional driving in the market, and buyers and sellers are engaged in a tug of war around rigid demand, resulting in a mild trading atmosphere for spot goods.
Raw material side: The price of raw fluorite has slightly weakened, while the domestic sulfuric acid market continues to be strong. Overall, the weakening of fluorite and the high level of sulfuric acid are mutually offsetting each other, and the overall cost support of raw materials has weakened. According to the analysis system of Shengyi Society, as of June 18th, the benchmark price of Shengyi Society’s fluorite was 3393.75 yuan/ton, a decrease of 0.73% compared to the beginning of this month (3418.75 yuan/ton).
On the demand side: In recent times, mainstream downstream industries have been executing more contract orders, and spot purchases are mainly based on replenishing inventory on demand, resulting in a low willingness to hoard goods. Affected by the poor transmission of terminal consumption, the actual pace of market movement is relatively slow, and speculative demand in the trade sector is also suppressed. However, due to the neutral level of raw material inventory in most downstream enterprises, there has been no concentrated price cutting or procurement reduction behavior in the short term. Although the demand side has no driving effect, it has not posed a significant negative impact on the market.
Market forecast: Hydrofluoric acid analysts predict that in the short term, the domestic anhydrous hydrogen fluoride market is expected to continue its stagnant consolidation pattern, with limited price fluctuations, and market participants need to pay close attention to the marginal changes that may be brought about by the raw material end (especially the arrival of sulfur imports) and downstream large factories’ external procurement trends, on the premise that the cost support has not loosened and the main enterprises’ price support mentality has not changed.