As of May 19th, the benchmark price of hydrofluoric acid in Shengyi Society was 16166.67 yuan/ton, unchanged from the beginning of this month, and market trading remained stable. From the supply side, the industry’s production remains stable, with tight spot circulation on the market and strong support from the source of goods; Downstream demand for essential goods remains stable, but the pace of follow-up has slowed down. Market competition is heating up at high prices, and industry players are becoming more cautious.
Overall, hydrofluoric acid is currently in a stage of high-level stagnation, with multiple cycles of excessive price increases accumulating a certain risk of correction. It is expected to continue to fluctuate at a high level in the short term, and more attention should be paid to changes in raw material prices and market supply and demand.