According to the monitoring of the Commodity Market Analysis System of Shengyi Society, the price trend of anhydrous hydrofluoric acid in China has declined this week. As of August 16th, the benchmark price of hydrofluoric acid in Shengyi Society was 10900 yuan/ton, a decrease of -3.11% compared to the beginning of this month (11250 yuan/ton).
| Gamma-PGA (gamma polyglutamic acid) |
Supply side: Recently, due to the continuous rise in raw material sulfuric acid prices, the production costs of enterprises have been under pressure, and the market trend of hydrogen fluoride has declined. The mainstream price for hydrofluoric acid in various regions of China is 10500-11500 yuan/ton, and some enterprises’ equipment is still parked and waiting for the market. The release of hydrofluoric acid production is limited, and the industry’s profits are low, resulting in increased losses.
Cost side: The domestic fluorite prices have remained weak and stable this week, with some manufacturers experiencing price declines. As of August 16th, the benchmark price of fluorite in Shengyi Society was 3462.50 yuan/ton, a decrease of -3.59% compared to the beginning of this month (3591.25 yuan/ton). The domestic fluorite industry is in a game situation, and overall, the operating rate of enterprises has not changed much. The main reason is that 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, recent national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Some mines have conducted safety hazard inspections, making it more difficult for fluorite mines to operate. The shortage of raw materials has limited the operation of fluorite enterprises, and the supply of fluorite sources is still tight. The price trend is declining.
On the demand side: During the off-season of demand, the refrigerant market continues to be in a stalemate due to poor demand transmission. After entering the off-season of production, the market production demand weakens. In addition, the recent rainy weather has led to poor inventory of refrigerant companies, and they are not actively purchasing upstream products. The market for some refrigerant products has declined, and as a result, the market for hydrofluoric acid is weak and difficult to change.
Market forecast: Upstream raw material fluorite supply remains tight; The price of sulfuric acid continues to rise, and the production cost pressure of hydrofluoric acid is significant. 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 continue to weaken in the later period.
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