Weekly Outlook for the Domestic Anhydrous Hydrofluoric Acid Market

I. Key Focus Points

1. Market sentiment for 97% fluorspar powder remains conflicted, with producers maintaining firm price expectations. The sulfuric acid market shows mixed movements (some rising, some falling), while downstream demand remains sluggish.
2. The mainstream delivered price for anhydrous hydrofluoric acid used in refrigerants in October is referenced at 14,500–14,800 RMB/ton.
3. Major manufacturers in the East China fluorinated refrigerant market maintain firm quotes, and the upward trend remains unchanged.

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

II. Price Table

Note:

1. The prices listed above refer to 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 have a higher weight/level.

III. Market Outlook

Last week, the domestic anhydrous hydrofluoric acid market showed signs of recovery. Inquiry and transaction activity within the market improved, with spot offers and deals for scattered orders increasing compared to earlier periods. This was driven by two factors: first, persistent tightness on the supply side; second, unexpected increases in demand intensifying the supply-demand tug-of-war. Additionally, the continuous rebound in raw material sulfuric acid prices has strengthened producers' resolve to maintain high prices. However, most production facilities had already finalized order contracts before the holiday, leaving limited scattered orders available in the market.

October pricing for anhydrous hydrofluoric acid:

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

As of press time, the mainstream delivered price reference for the domestic anhydrous hydrofluoric acid market is 14,500–14,800 RMB/ton.

IV. Data Table

Note:
The production profit margin is an industry-wide metric reflecting the overall profitability status in major regions, calculated as the ratio of industry profit to the average price.