According to the data from the business associations’list, the price of domestic dry-process aluminium fluoride market rose this week. At the beginning of the week, the average market price was 10333 yuan/ton, and at the end of the week, it was 10333 yuan/ton. The price was 0.0% higher than last week.
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II. Market Analysis
The price of aluminium fluoride has been stable this week: at present, the price of aluminium fluoride in Henan is between 9800 and 10500 yuan/ton, while that in Shandong is between 9800 and 10500 yuan/ton. Zhengzhou Tianrui Grain Technology Co., Ltd. quoted 11,000 yuan per ton of aluminium fluoride, Shandong Luzeng Chemical Aluminum Fluoride to 10,800 yuan per ton, Zhengzhou Zerun Energy Chemical Aluminum Fluoride to 10,500 yuan per ton.
Industry Chain: Hydrofluoric acid prices continued to decline this week, the recent market situation of manufacturers has not improved significantly, the downstream refrigerant industry is still operating at a low level, the domestic market demand for hydrofluoric acid is limited, coupled with the domestic hydrofluoric acid plant to maintain a high start-up rate, domestic spot supply is sufficient, under some manufacturers. By the end of the weekend, the mainstream of hydrofluoric acid negotiations in the southern region was 10500-11500 yuan/ton, while the price of hydrofluoric acid in the northern market was 11000-11500 yuan/ton. Recently, the domestic market price of hydrofluoric acid has been slightly lower, the demand of refrigerant industry downstream is poor, the supply of hydrofluoric acid manufacturers is not good, and the market price trend is declining. The price of aluminium fluoride products did not follow the price of hydrofluoric acid downstream this week. At present, the price of aluminium fluoride is at a low level in the year, and it is 22.7% lower than the price of 13300 yuan/ton at the beginning of the year. Some aluminium fluoride factories have reduced or stopped production. As of July, the total output of aluminium fluoride in China from January to July 2019 is about 310,000 tons, which is about 9.5% lower than that of the same period last year. Aluminum fluoride manufacturers are currently mainly at competitive prices.
3. Future Market Forecast
Analysts of Aluminum Fluoride Industry of Business Society Chemical Branch believe that the price of upstream raw material hydrofluoric acid continues to retreat, but the intent of Aluminum Fluoride manufacturers is obvious, and the price of Aluminum Fluoride is expected to run steadily next week.