Asia
In Q4’24, the Asian market for anhydrous hydrofluoric acid experienced a stable trend, though with fluctuations driven by raw material costs. The price of fluorite, a key feedstock, remained high throughout the quarter, influenced by tight domestic supply and ongoing regulatory changes in mining.
Despite efforts to improve mining conditions, the supply remained constrained, limiting production and causing pressure on the prices of downstream products like hydrofluoric acid. Additionally, the demand from the refrigerant sector saw a reduction, primarily due to the seasonal slowdown and maintenance activities at factories, which somewhat tempered the market’s momentum.
Europe
The European market for anhydrous hydrofluoric acid in Q4’24 showed stability, with prices being largely influenced by the same upstream supply issues. Fluorite availability remained a challenge, which contributed to higher feedstock prices. However, demand in Europe was relatively stable, supported by industries such as refrigerants and certain chemical sectors, which continued to maintain steady production. Similar to Asia, some factors such as maintenance shutdowns in plants led to reduced consumption in the latter part of the quarter, affecting overall market dynamics.
North America
In North America, the anhydrous hydrofluoric acid market also experienced a period of stability in Q4’24. The region faced similar challenges with tight fluorite supply, which kept pressure on prices. Demand from the refrigerant sector was weaker as the quarter progressed, with factories reducing output as quotas reached their limits and maintenance activities took precedence. This led to a more cautious approach towards procurement and less aggressive price fluctuations compared to earlier in the year. Despite this, the region saw some increase in prices early in the quarter before stabilizing towards the end of the year.