Anhydrous Hydrofluoric Acid Price Trend and Forecast

Regional Price Overview

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

Anhydrous Hydrofluoric Acid Price Trend for the H1 of 2023

Asia

The prices of anhydrous hydrofluoric acid fell in the first quarter of 2023 and fluctuated in the second quarter. The trend in the first quarter was affected by the slow demand from the domestic and overseas markets, weak support from the feedstock prices, and ample availability of the product in the market. In the initial months of the second quarter, the anhydrous hydrofluoric acid market was supported by the positive push by the feedstock prices and increased demand from the refrigeration industries. But in the later months, the demand became flat, which led to the stockpiling of the product in the market, and with declining feedstock and crude oil prices, the price trend of anhydrous hydrofluoric acid declined.

Europe

A volatile trend was observed in the first and second quarters of 2023 in the anhydrous hydrofluoric acid market. In the initial months of the first quarter, the price trend inclined as the entry of new market players increased the competition in the market. However, in the following months, the rising pressure of inflation and uncertainties in the economic condition of the anhydrous hydrofluoric acid market led to a decline in its prices. In the second quarter, the trend was mostly affected by the rising prices of feedstock materials, low inventories, and high demand from the end-user industries. The rising demand and spreading of heatwaves in the region also helped drive the anhydrous hydrofluoric acid prices positively.

North America

The prices of anhydrous hydrofluoric acid inclined initially in the first quarter of 2023 as they were supported by the balance in the supply and demand dynamics of North America. However, the trend declined towards the end of Q1 as the rising rates of inflation and poor purchasing potential of buyers negatively impacted the market. Then again, in the second quarter, with improvement in the demand sector and the onset of the summer season, the price trend inclined. The prices then stabilized in May and June and resulted in a flat trend of anhydrous hydrofluoric acid.

Analyst Insight

According to Procurement Resource, anhydrous hydrofluoric acid prices are estimated to showcase a fluctuating trajectory in the upcoming quarter, given the uncertain downstream demands.

Procurement Resource provides latest prices of Anhydrous 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.