On February 6, Jiangxi Hongye Chemical Co., Ltd. conducted the first public participation announcement for the environmental impact assessment of its 40kt/a electronic-grade hydrofluoric acid project. PriceSeek analysis of fluorite: Bullish-Bearish Score: 1. This project involves the production of electronic-grade hydrofluoric acid, with fluorite as the primary raw material. The anticipated increase in demand is expected to support a rise in spot prices. Currently in the environmental assessment stage, the project's short-term impact is limited, but the long-term growth in demand is favorable for the market. Hydrofluoric acid: Bullish-Bearish Score: -1. The project plans to add 40kt/a of electronic-grade hydrofluoric acid production capacity, which may exert downward pressure on spot prices in the long term due to increased supply. Although demand for electronic-grade products is high, the project is still in the early stages of environmental assessment, resulting in a neutral short-term impact and an overall bearish outlook.
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