On October 29th, the domestic market for anhydrous hydrogen fluoride saw a slight decline. According to the analysis system of Shengyi Society, as of October 29th, the benchmark price of hydrofluoric acid in Shengyi Society was 12533.33 yuan/ton, a decrease of -1.05% from the beginning of the month.
On the raw material side, the price trend of domestic fluorite has declined, and the support on the cost side has weakened. As of October 29th, the benchmark price of fluorite in Shengyi Society was 3612.50 yuan/ton, an increase of 0.07% compared to the beginning of this month (3610.00 yuan/ton). The decline in fluorite prices has weakened the strong cost support for hydrofluoric acid, leading to a slight decline in the hydrofluoric acid market.
Demand side: Downstream demand side encounters traditional off-season, weak demand, insufficient overall consumption capacity, and mainly relies on on-demand procurement. Maintain a wait-and-see attitude and have low purchasing enthusiasm. Overall, the demand side has weak support for hydrogen fluoride, and it is expected that the hydrogen fluoride market will mainly operate weakly and steadily in the later stage.
Market forecast: The price of raw material fluorite will decrease, and cost support will weaken. In addition, downstream demand will be weak due to the traditional off-season, and rigid demand will be the main focus. Overall, downstream consumption capacity is insufficient. It is expected that the anhydrous hydrogen fluoride market will mainly operate weakly and steadily in the later stage. More attention should be paid to changes in market supply and demand.