In February, the raw material side was supported at a high level, and the hydrofluoric acid market trend was relatively strong. According to the analysis system of Shengyi Society, as of February 26th, the benchmark price of hydrofluoric acid in Shengyi Society was 11933.33 yuan/ton, an increase of 3.77% from the beginning of the month.

On the raw material side, the price of fluorite remains high, with some regions raising prices by around 100 yuan/ton. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. 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, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Although the rectification action is coming to an end, the affected area has not narrowed. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight. The price of fluorite provides positive support for the hydrofluoric acid market. According to the analysis system of Shengyi Society, as of February 26th, the benchmark price of Shengyi Society’s fluorite was 3628.75 yuan/ton, an increase of 0.35% compared to the beginning of this month (3616.25 yuan/ton).

The market price of sulfuric acid is showing an upward trend. According to the analysis system of Shengyi Society, as of February 25th, the benchmark price of sulfuric acid in Shengyi Society was 430.00 yuan/ton, an increase of 11.69% compared to the beginning of this month (385.00 yuan/ton). It is expected that the sulfuric acid market will continue to operate at a high level in the later stage, which will provide strong support for the hydrofluoric acid market.

Demand side: Downstream refrigerant companies have increased their demand for hydrofluoric acid. The trading atmosphere in the refrigerant industry is good, with a surge in orders for some refrigerant products, with a daily increase of 2000 yuan/ton. R134a has surpassed 44000 yuan/ton, setting a new annual high. According to the analysis system of Shengyi Society, as of February 26th, the benchmark price of Shengyi Society R134a was 38000.00 yuan/ton, an increase of 1.79% compared to the beginning of this month (37333.33 yuan/ton).

Market forecast: The market price of hydrofluoric acid raw materials continues to rise, supported by strong costs. In addition, the downstream refrigerant industry has a good trading atmosphere, leading to price increases and increased demand. Recently, the bidding price for hydrogen fluoride market has been implemented, with prices in East China ranging from 11500-11600 yuan/ton, an increase of 400-500 yuan/ton from early February. Supported by favorable supply and demand, it is expected that the hydrofluoric acid market will continue to show a strong trend in the later stage. More attention should be paid to the market supply and demand situation.