Morning Market Outlook for Domestic Anhydrous Hydrofluoric Acid

I. Key Points

1. Market sentiment for 97% fluorspar powder remains conflicted, with sellers maintaining firm pricing intentions. The sulfuric acid market shows mixed trends (some prices rising, others falling), while downstream demand is sluggish.
2. The mainstream delivered price for anhydrous hydrofluoric acid (AHF) used in refrigerants is referenced at CNY 15,000–15,200/ton in September.
3. Major producers in the East China fluorocarbon refrigerant market maintain firm offers, keeping the upward trend as the dominant theme.

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

II. Price List

Remarks:

1. Prices listed herein refer to the market rates primarily applicable to the refrigerant industry.
2. Price changes are compared against the closing prices of the previous trading day.
3. Procurement prices for non-refrigerant industries generally center at higher levels.

III. Market Outlook

The domestic anhydrous hydrofluoric acid (AHF) market maintained a cautious wait-and-see attitude on the previous business day. With the bidding and pricing cycle approaching, market participants' sentiments remain conflicted, particularly in the northern market. Recent feedback indicates tight supply conditions; however, there is an expectation that some small-to-medium capacity will resume production soon, while downstream consumption is projected to decline. In the southern market, bearish sentiment is stronger. Although sulfuric acid prices have declined within a range, a rebound is anticipated after the holiday. Fluorspar prices lack sufficient support at current highs, and the obvious drop in demand continues to tug at traders' emotions.

September AHF fixed prices:

• Sinochem Taicang: CNY 15,200/ton
• Shangyu: CNY 15,100/ton
• Meilan: CNY 15,050/ton
• Juhua: CNY 15,000–15,050/ton
• Dongyue: CNY 15,100/ton

As of the time of writing, the mainstream delivered price for the domestic AHF market is referenced at CNY 15,000–15,200/ton, while spot market delivered prices are referenced at CNY 15,500–16,000/ton.

IV. Data Table

Remarks:
Production profit margin is industry-wide data reflecting the overall profitability across major regions, calculated as the ratio of industry profit to the average price.