Anhydrous Hydrofluoric Acid Prices, Pricing, Demand & Supply

North America 

The Anhydrous Hydrofluoric Acid market in North America during the fourth quarter of 2023 experienced a bullish trend, with prices increasing throughout the quarter. The market was influenced by several factors. Firstly, there was a decrease in imports of the product, leading to a reduction in supply. Additionally, increased production costs, driven by higher prices of upstream Fluorite, prompted manufacturers to raise their quotations. 

The demand for Anhydrous Hydrofluoric Acid remained moderate to high, particularly from the refrigerant and other end-use industries. However, the inflow of new orders from the overseas consumer market declined. In the USA, which had the most significant price changes in the region, the price of Anhydrous Hydrofluoric Acid increased by 1.4% during the quarter. This price increase can be attributed to the aforementioned factors affecting the overall North American market. 

The trend for Anhydrous Hydrofluoric Acid prices in the USA during the month of December was stable, with no significant seasonality or correlation observed. In comparison to the same quarter of the previous year, there was no change in prices. However, when comparing the current quarter to the previous quarter of 2023, there was no significant percentage change. The price for Anhydrous Hydrofluoric Acid in the USA at the end of the quarter was USD 2580/MT (DDP Houston).

APAC

In the fourth quarter of 2024, the Anhydrous Hydrofluoric Acid market in the APAC region demonstrated a mixed pricing trend. The market situation was bearish with high supply and low consumer demand. The cost support from the upstream fluorspar was stable in the first month, thus, positively impacting the market fundamentals. However, poor demand from downstream industries and unpredictable oil prices weighed on the profitability of specialty chemical companies in India. In China, prices decreased marginally due to weak demand from downstream industries, and eventually, the sellers had to adjust their offered quotations. The increased price of sulfuric acid also contributed to the fundamental backing of the hydrofluoric acid market. The prices of upstream Fluorite stabilized during the quarter, and the production costs remained unchanged. The trend, seasonality, and correlation price percentage of China showed a bearish market with a 2.2% increase in price during the quarter.  The percentage change from the current to the previous quarter was 11%. The price percentage comparison of the first and second half of the quarter showed a 3% increase. The latest price of Anhydrous Hydrofluoric Acid FOB Shenzhen in China for the fourth quarter of 2023 was USD 1506/MT. Overall, weak demand and low production costs impacted the APAC Anhydrous Hydrofluoric Acid market during the second half of Q4 of 2023. 

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South America

In the fourth quarter of 2023, the Anhydrous Hydrofluoric acid market in South America demonstrated a mixed pricing trend throughout the period. In October, Anhydrous Hydrofluoric Acid prices in Brazil rose due to increased imports of higher-priced goods. Recent weeks have seen improving business conditions, with heightened product inquiries in downstream refrigerant and other industries. To counter excessive inflation, Brazil's central bank initiated an easing cycle last month, reducing the main interest rate to 13.25%.  Domestic product inventories remained sufficient. In November, prices remained stable as market fundamentals saw no significant changes. Procurement remained low due to weak demand in the refrigerant sector, impacting both new orders and output. Despite higher interest rates and low prices affecting business confidence, purchases were demand-driven, and domestic inventories were moderate.  In December, Anhydrous Hydrofluoric Acid prices marginally decreased due to imports of low-priced goods and reduced upstream fluorite costs. Despite stable demand from the refrigerant industry, overall GDP growth in Q3 remained poor amid higher interest rates. Responding to escalating prices, the central bank shifted its strategy, gradually lowering the interest rate given the current annual inflation rate of 4.82%. As of December 2023, the prices of Anhydrous Hydrofluoric Acid (CFR Santos Port) were assessed at USD 1564/MT.

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