In 2024, the aluminum fluoride market was driven mainly by prices of its major feedstock, aluminum hydroxide. The process of producing aluminum fluoride is through the chemical reaction between aluminum hydroxide and fluosilicic acid. Therefore, price fluctuatiojns in the upstream market had a major impact on the prices of aluminum fluoride In Asia, especially India, the aluminum fluoride market experienced a declining price trend through most of 2024.
Prices started falling from the start of the year amid the subdued demand in downstream sectors like water treatment and pharmaceuticals. Halfway through the year, there was some market stabilization, although the price of feedstock was still subjected to downward pressure. Although there were some occasional upticks in the prices, the market attitude remained subdued, resulting in an overall downward trend for the commodity. Overall, the prices remained downward wavering for aluminum fluoride in key markets.