Hydrofluoric Acid Price Trend and Forecast

Hydrofluoric Acid Regional Price Overview

Get the latest insights on price movement and trend analysis of Hydrofluoric acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Hydrofluoric Acid Price Trend for the Second Half of 2023

Asia

The Asian hydrofluoric acid price trend varied month on month throughout the H2 of 2023. In the initial phase of the third quarter, the prices declined slightly with the rough outlook of the downstream industries. The market then gained some stability from the rising cost of manufacturing along with the support from the domestic markets, particularly in China.
 

Hydrofluoric Acid Price Chart

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The appropriate balance of the supply and demand in the end months of the third quarter also favored the uptick in the hydrofluoric acid price trend. However, the situation in the fourth quarter overturned with the supplies overpowering the demand sector. The inventories rose to such levels that the traders had to adopt destocking activities that lowered the overall price trajectory of hydrofluoric acid.

Europe

In the third and fourth quarters of 2023, the hydrofluoric acid price trend adopted a bearish tone based on the limited demand from the downstream industries and poor growth of the industrial sector. During the summer season, the traders had anticipated that the demand would rise, but the constraints on the consumer sector due to inflation and rising rates of interest pushed the hydrofluoric acid price trend in the southward direction. The improving dynamics of the end-user industries in the fourth quarter were also halted by the weak economic conditions.

North America

A mixed pattern in the pricing dynamics of hydrofluoric acid was observed during the H2 of 2023. The dependence of the domestic market on overseas produce and trade limited the growth of the potential of prices. The low-cost imports, particularly from the Asian countries, kept the hydrofluoric acid price trend on the lower end of the spectrum. The fluctuating demand from the downstream industries and loss of consumer confidence also contributed to these stunted dynamics of the hydrofluoric acid price trend.

Analyst Insight

According to Procurement Resource, the price trend of Hydrofluoric Acid is estimated to showcase oscillations in a narrow range as the outlook of downstream industries does not seem smooth.
 

Hydrofluoric Acid Price Trend for the First Half of 2023

Asia

The price trend of hydrofluoric acid dipped in the first and second quarters of 2023. The declining trend in the first quarter was triggered by a significant contraction between the supply and demand sectors with the reduced number of inquiries from the downstream industries. In addition, the refrigerants sector showed low demand, which led to poor shipment and a buildup of products in the market, causing a dramatic decline in the prices of hydrofluoric acid.

However, from March onwards, the market for hydrofluoric acid improved slightly as the level of inventory declined due to a restricted supply of fluorspar and recovering demand from the refrigerants industry. But this trend was not followed in the last months of the second quarter as from May to June the prices incurred a drop. The uncertainties in the demand sector, shutting down of manufacturing plants, and excess availability of the product pushed the prices in the negative zone.

Europe

In Europe, the price trend of hydrofluoric acid fluctuated throughout the first and second quarters of 2023. The prices of the commodity were majorly influenced by the absence of market players leading to a lowering of competition and a rise in the prices in the initial months of the first quarter. However, in the later months of both Q1 and Q2, the pressure of inflation and subdued demand led to a rise in economic uncertainties. Along with this, the low support from oil refining and downstream industries further aided the decline in hydrofluoric acid prices.

North America

The fluctuating trend in Europe was also seen in the North American region. The prices here in the initial months rose as the government's monetary policies got strict, and the prices of energy production fluctuated heavily. But the rising inflation rates limited the movement of purchasers in the market; the prices declined in the subsequent months and struggled throughout the first half.

Analyst Insight

According to Procurement Resource, the price of Hydrofluoric acid is estimated to showcase a fluctuating trend in the upcoming quarters. The rise in inflationary pressure and oscillation in the demand sector will influence the price trend of hydrofluoric acid.

Procurement Resource provides latest prices of Hydrofluoric Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.