In February, the hydrogen fluoride market experienced a further upward shift in price levels, strongly supported by persistently rising upstream raw material costs. According to the analysis system of Business Society, as of February 2nd, the benchmark price of hydrofluoric acid was 13,066.67 yuan per ton, marking a 0.26% increase compared to January.

On the raw material side: The prices of key raw materials, fluorite and sulfuric acid, have risen, significantly increasing production costs for hydrogen fluoride manufacturers and squeezing profit margins. The sustained high cost of raw materials has provided robust support for hydrogen fluoride prices, serving as the primary driver of the price increase in February. According to Business Society's analysis system, as of February 2nd, the benchmark price of fluorite was 3,418.75 yuan per ton, remaining unchanged from the beginning of the month.

On the demand side: Downstream demand remained relatively stable. The refrigerant industry, the largest downstream consumer of hydrofluoric acid, approached the end of the year with production quotas nearly exhausted. Overall demand did not experience explosive growth, and procurement continued to follow a demand-based pattern. Many market participants adopted a wait-and-see approach, showing limited enthusiasm for purchasing. As a result, market prices lacked upward momentum, with operations primarily focused on fulfilling contractual orders and maintaining weak stability in the short term.

Future outlook: The persistently high raw material costs continue to provide strong support for hydrofluoric acid prices. Downstream demand remains relatively stable, with procurement primarily driven by essential needs. It is anticipated that the market price of anhydrous hydrogen fluoride will remain stable with a slight upward bias in the near future. Further attention should be paid to changes in market supply and demand dynamics.