Weekly Market Outlook for Anhydrous Hydrofluoric Acid in China

I. Key Points

1. Market sentiment for 97% fluorite powder remains mixed, with sellers maintaining firm price expectations. The sulfuric acid market is showing divergent trends (some rising, some falling), while downstream demand remains sluggish.
2. For October, the mainstream delivered price for anhydrous hydrofluoric acid used in refrigerants is referenced at 14,500–14,800 CNY/ton.
3. Major producers in the East China market are holding firm on their quotes for fluorinated refrigerants, with no change to the primary upward trend.

Core Logic: Sulfuric acid prices are consolidating at high levels, providing cost support. However, a significant contraction in demand continues to transmit bearish pressure to the market.

II. Price Table

Notes:

1. The prices listed above refer to the market prices primarily used in the refrigerant industry.
2. Price changes are compared to the closing prices of the previous trading day.
3. Procurement prices for industries other than refrigerants tend to be relatively higher.

III. Market Outlook

Last week, market sentiment for domestic anhydrous hydrofluoric acid declined. A large volume of spot orders from the previous period has been fulfilled, leading to a reduction in inquiry and transaction activity compared to earlier times. Recently, market participants have been mostly waiting to see the restart status of major plants in Northern China and the trend of raw material sulfuric acid. These two factors are pulling the direction of anhydrous hydrofluoric acid prices in opposite ways. If both negative factors coincide, they will further deepen the bearish situation for hydrogen fluoride, increasing cost pressure while failing to match the weak demand from the end-market.

October pricing for anhydrous hydrofluoric acid:

• Sinochem Taicang: 14,600 CNY/ton
• Shangyu: 14,500 CNY/ton
• Meilan: 14,800 CNY/ton
• Juhua: 14,500–14,550 CNY/ton
• Dongyue: 14,760 CNY/ton

As of this report's publication, the mainstream delivered price reference for domestic anhydrous hydrofluoric acid is 14,500–14,800 CNY/ton.

IV. Data Table

Note:
The production profit margin is industry-wide data reflecting the overall profitability across mainstream regions, calculated as the ratio of industry profit to average price.