For the Quarter Ending December 2025
North America
•In USA, the Anhydrous Hydrofluoric Acid Price Index rose by 1.15% quarter-over-quarter, driven by imports.
• The average Anhydrous Hydrofluoric Acid price for the quarter was approximately USD 2779.33/MT, weighted imports.
• Anhydrous Hydrofluoric Acid Spot Price firmed as import delays reduced immediate availability at Gulf terminals.
• Anhydrous Hydrofluoric Acid Price Forecast shows strength from persistent fluorspar cost pressures and sustained offtake.
• Anhydrous Hydrofluoric Acid Production Cost Trend reflects higher fluorspar and sulfuric acid costs, compressing margins.
• Anhydrous Hydrofluoric Acid Demand Outlook steady with refrigerant, fluoropolymer, and semiconductor etching sectors supporting consumption.
• Anhydrous Hydrofluoric Acid Price Index signalled narrow gains as inventories adequate but import timing tightened.
• Producers retained steady operations while traders adjusted spot and contract spreads amid cautious buyer procurement.
Why did the price of Anhydrous Hydrofluoric Acid change in Dec 2025 in North America?
• Higher fluorspar landed costs drove import price increases, transmitting cost-push pressure to HF producers' offers.
• Import logistics and slower vessel arrivals tightened spot availability, prompting upward adjustments to Houston offers.
• Downstream steady demand from refrigerant and semiconductor sectors maintained baseline consumption, supporting slightly firmer prices.
APAC
• In Japan, the Hydrofluoric Acid Price Index rose by 15.41% quarter-over-quarter, reflecting tight import supply.
• The average Hydrofluoric Acid price for the quarter was approximately USD 1820.33/MT, reflecting import pressures.
• Hydrofluoric Acid Spot Price strengthened as semiconductor fab ramps increased ultra-pure acid consumption and buying.
• Hydrofluoric Acid Price Forecast remains firm amid fluorspar constraints and steady downstream restocking across industries.
• Hydrofluoric Acid Production Cost Trend rose due to higher upstream fluorite and sulphuric acid costs.
• Hydrofluoric Acid Demand Outlook points to resilient semiconductor uptake offsetting softer refrigerant and fluoropolymer demand.
• Hydrofluoric Acid Price Index movement supported by lean inventories, logistical delays, and higher container freight.
• Hydrofluoric Acid exports to nearby Asian markets tightened domestic supply, sustaining upward price pressure overall.
Why did the price of Hydrofluoric Acid change in December 2025 in APAC?
• Reduced ocean freight surcharges and normalised port operations eased landed import costs, stabilising domestic prices.
• Semiconductor fab utilisation and EUV wet etch cycles sustained merchant AHF demand, supporting steady purchases.
• Persistent fluorspar constraints raised feedstock costs and limited imports, underpinning a firm AHF Price Index.
South America
• In Brazil, the Hydrofluoric Acid Price Index rose by 8.54% quarter-over-quarter, driven by tight feedstock.
• The average Hydrofluoric Acid price for the quarter was approximately USD 1876.67/MT, reflecting import-parity influence.
• Hydrofluoric Acid Spot Price remained rangebound, and steady imports supported the local Price Index effectively.
• Hydrofluoric Acid Production Cost Trend reflected higher feedstock and energy charges, tightening margins for manufacturers.
• Hydrofluoric Acid Demand Outlook remained firm from aluminium and agrochemical sectors, supporting medium-term procurement activity.
• Hydrofluoric Acid Price Forecast suggests modest upside into early 2026 amid fluorspar constraints, seasonal restocking.
• Hydrofluoric Acid Price Index gains were tempered by adequate terminal inventories and cautious buyer behaviour.
• Operators reported steady run-rates; export demand spikes and logistics delays intermittently tightened landed offers locally.
Why did the price of Hydrofluoric Acid change in December 2025 in South America?
• Limited domestic output and consistent import flows balanced December, restricting sharp upward price moves.
• Stable freight and exchange rates limited landed-cost volatility despite higher fluorspar and energy pressures persisting.
• Buyers maintained just-in-time procurement, sufficient terminal inventories curbed speculative purchasing across major downstream sectors nationwide.
Europe
• In Europe, the Anhydrous Hydrofluoric Acid Price Index showed a mixed trend in Q4 2025, with early-quarter firmness from industrial demand partially offset by later softening as spot buying eased and inventories improved.
• The average Anhydrous Hydrofluoric Acid price for the quarter remained relatively stable, supported by steady consumption from fluorochemical, aluminum fluoride, and specialty chemical sectors.
• Anhydrous Hydrofluoric Acid Spot Price eased slightly mid-quarter, as downstream buyers moderated purchases after the summer production peak and inventories were sufficient.
• The Anhydrous Hydrofluoric Acid Production Cost Trend remained steady, with minimal volatility in raw materials such as fluorspar and sulfuric acid, and stable energy and logistics costs.
• Anhydrous Hydrofluoric Acid Demand Outlook remained balanced, with steady requirements from fluorochemicals and aluminum processing, while glass etching and metal surface treatment activity was softer.
• The Anhydrous Hydrofluoric Acid Price Forecast indicates moderate range-bound movement, with potential upside from semiconductor and refrigerant applications, and downside pressure limited by baseline industrial demand.
• Continuous operations at major European AHF production facilities ensured stable supply, preventing sharp price spikes or sustained declines during the quarter.
Why did the price of Anhydrous Hydrofluoric Acid change in December 2025 in Europe?
• The Price Index firmed in December 2025 as year-end restocking by fluorochemical, aluminum fluoride, and specialty chemical buyers increased spot demand.
• Limited available inventories at some regional warehouses supported upward pressure on Spot Prices.
• With the Production Cost Trend stable, the price increase was driven primarily by seasonal demand and short-term supply tightness rather than higher input costs.
• Renewed buying before the holiday period helped stabilize prices and offset the mid-quarter softening.
For the Quarter Ending September 2025
North America
• In USA, the Anhydrous Hydrofluoric Acid Price Index fell by 0.79% quarter-over-quarter, reflecting balanced supply and demand.
• The average Anhydrous Hydrofluoric Acid price for the quarter was approximately USD 2747.67/MT delivered to Gulf hubs.
• Anhydrous Hydrofluoric Acid Spot Price trends showed tightening as import arrivals slowed and inventories adjusted downward.
• Anhydrous Hydrofluoric Acid Price Forecast indicates upside risk driven by seasonal refrigerant restocking and limited imports.
• Anhydrous Hydrofluoric Acid Production Cost Trend remained muted as sulfuric acid costs eased and energy tariffs stayed calm.
• Anhydrous Hydrofluoric Acid Demand Outlook strengthened from fluorochemical and aluminum fluoride sectors, supporting firmer bids overall.
• Anhydrous Hydrofluoric Acid Price Index movements were influenced by logistics disruptions, port delays, and rail hazmat regulatory pressure.
• Anhydrous Hydrofluoric Acid Spot Price stability reflected balanced domestic output, steady fluorspar shipments, and distributor inventory discipline.
Why did the price of Anhydrous Hydrofluoric Acid change in September 2025 in North America?
• Domestic production reductions tightened availability amid stronger downstream restocking and limited Asian imports across ports.
• Port congestion and freight schedule volatility constrained prompt supply, prompting buyers to secure inventories immediately.
• Balanced feedstock supply and lower energy costs tempered larger price increases despite seasonal demand uplift.
APAC
• In Japan, the Anhydrous Hydrofluoric Acid Price Index fell by 3.19% quarter-over-quarter, reflecting weaker demand.
• The average Anhydrous Hydrofluoric Acid price for the quarter was approximately USD 1577.33/MT, reported officially.
• Anhydrous Hydrofluoric Acid Spot Price showed recovery late in September, supported by tighter spot availability.
• Anhydrous Hydrofluoric Acid Price Forecast indicates upside near term as fluorspar tightness increases import costs.
• Anhydrous Hydrofluoric Acid Production Cost Trend rose from higher fluorspar and freight, pressuring producer margins.
• Anhydrous Hydrofluoric Acid Demand Outlook remains mixed with semiconductor restocking offset by weaker refrigerant purchases.
• Anhydrous Hydrofluoric Acid Price Index increased amid port disruptions and shifting shipping costs affecting assessments.
• Inventory buffers above norms and plant operating rates constrained upside despite improved semiconductor feedstock uptake.
Why did the price of Anhydrous Hydrofluoric Acid change in September 2025 in APAC?
• Increased fluorspar import costs and tighter Chinese supply raised landed costs, lifting domestic pricing pressure.
• Moderate semiconductor and refrigerant demand led to cautious buying, limiting spot liquidity and price momentum.
• Port disruptions and freight shifts intermittently impeded exports, causing short-term availability swings and negotiation leverage.
South America
• In Brazil, the Hydrofluoric Acid Price Index fell by 0.27% quarter-over-quarter, reflecting refrigerant sector weakness.
• The average Hydrofluoric Acid price for the quarter was approximately USD 1729.00/MT reflecting muted trading.
• Hydrofluoric Acid Spot Price recorded limited volatility as imports and supply kept Price Index stable.
• Hydrofluoric Acid Price Forecast indicates modest monthly oscillations driven by seasonal demand and port logistics uncertainties.
• Hydrofluoric Acid Production Cost Trend eased on softer fluorite, yet energy costs persistently pressure margins.
• Hydrofluoric Acid Demand Outlook shows cautious restocking by refrigerant and fluoropolymer sectors, limiting price rallies.
• High inventories and import flows weighed on export inquiries, keeping Hydrofluoric Acid Price Index flat.
• Reliable domestic run-rates and import dependence amplified sensitivity to Cubatão disruptions affecting short-term Price Index.
Why did the price of Hydrofluoric Acid change in September 2025 in South America?
• Tighter fluorspar flows and proactive downstream restocking increased immediate demand, briefly firming import-parity landed prices.
• Lower freight rates reduced costs, but port delays at Santos and currency weakness offset relief.
• Ample import availability plus subdued industrial activity pressured spot demand, driving softer quotations during September.
Europe
In Europe, the Anhydrous Hydrofluoric Acid Price Index reflected a mixed trend through Q3 2025, showing firm prices early in the quarter followed by moderate softening toward September.
• Anhydrous Hydrofluoric Acid Spot Price strengthened in July and August, driven by increased demand from refrigerant manufacturers and aluminum fluoride producers.
• Toward late September, Spot Price eased slightly as inventory levels improved and downstream demand from metal treatment and chemical plants normalized.
• Anhydrous Hydrofluoric Acid Production Cost Trend remained relatively steady during the quarter—input materials such as fluorspar and sulfuric acid showed minimal cost volatility, while energy and transportation costs stabilized.
• Anhydrous Hydrofluoric Acid Price Forecast indicates continued mixed movements into Q4 2025, with potential for mild rebounds if fluoropolymer and semiconductor demand remain robust, but downside pressure from moderate industrial orders.
• Anhydrous Hydrofluoric Acid Demand Outlook remains stable, with strong base demand from fluorochemical and aluminum fluoride segments partially offset by softer activity in glass etching and metal pickling industries.
• Balanced regional supply and consistent production rates across European facilities kept the Price Index within a narrow range, preventing sharp swings.
• Competitive import offers from Asia and easing logistics costs restricted any further price escalation in the European market.
Why did the price of Anhydrous Hydrofluoric Acid change in September 2025 in Europe?
• In September 2025, the Anhydrous Hydrofluoric Acid Price Index decreased slightly, as downstream chemical buyers slowed procurement following the completion of summer production cycles.
• Improved port availability and better shipment flow reduced supply tightness, softening Spot Prices across major European hubs.
• With the Production Cost Trend remaining stable, the decline was mainly demand-driven rather than cost-induced.
For the Quarter Ending June 2025
North America
• The U.S. Anhydrous Hydrofluoric Acid Price Index was flat over the period ending July 2025, with no significant volatility amidst ongoing raw material issues.
• The Anhydrous Hydrofluoric Acid Spot Price registered little movement owing to consistent refrigerant production and soft export demand.
• The price trend was flat in July 2025 as consistent refrigerant industry demand balanced soft industrial consumption and declining upstream sulfuric acid prices.
• The Cost Trend for Anhydrous Hydrofluoric Acid Production reflected a slight easing due to lower sulfuric acid input costs, but tight supply was maintained by fluorite mining limitations.
• US AHF production remained steady, though upstream mining was constrained by regulatory limitations and languid development of new fluorite deposits.
• The Anhydrous Hydrofluoric Acid Demand Outlook remained steady, driven mostly by the refrigerant sector, with rising seasonal demand and procurement coupled with quota obligations.
• Inventory buildup from cautious refrigerant manufacturers and weak automotive output added mild downward pressure to the otherwise balanced market.
• The Anhydrous Hydrofluoric Acid Price Forecast for Q3 2025 suggested continued stability with possible upward bias if refrigerant demand persisted.
Asia-Pacific
• The Anhydrous Hydrofluoric Acid Price Index in Japan held steady during July 2025, reflecting a balanced market environment despite easing global raw material costs.
• The Anhydrous Hydrofluoric Acid Spot Price showed slight softness due to decreased fluorite costs and weak downstream refrigerant demand.
• The price saw a marginal decline in July 2025 (around 1.2%) due to moderate procurement from refrigerant makers and weak electronics sector performance.
• The Anhydrous Hydrofluoric Acid Production Cost Trend declined slightly as fluorite prices softened globally, though this was offset by exchange rate volatility and freight cost increases.
• Supply remained adequate but cautious, with reliance on imported fluorite from China and stable domestic operations constrained by regulatory compliance.
• The Anhydrous Hydrofluoric Acid Demand Outlook stayed moderate, with steady offtake from the electronics and refrigerant industries, though broader semiconductor market weakness persisted.
• Buyers maintained short-term procurement strategies due to high prices and conservative sentiment, keeping the overall market sentiment subdued.
• The Anhydrous Hydrofluoric Acid Price Forecast for Q3 2025 indicated continued price stability, with potential upward movement if clean-tech growth revived refrigerant demand.
Europe
• The Anhydrous Hydrofluoric Acid Price Index in Europe remained stable during July 2025, with minimal volatility due to a balanced supply-demand situation and limited upstream cost pressures.
• The Anhydrous Hydrofluoric Acid Spot Price hovered between EUR 2,420–2,460/MT FD NWE, reflecting flat market sentiment amid subdued refrigerant demand and cautious industrial consumption.
• Prices remained unchanged in July 2025 as reduced feedstock prices (fluorite and sulfuric acid) were counterbalanced by tepid downstream demand and cautious procurement behavior.
• The Anhydrous Hydrofluoric Acid Production Cost Trend showed a slight downward shift due to lower sulfuric acid prices and moderated energy costs across Western Europe, especially in Germany and the Netherlands.
• Domestic production in Europe operated at steady rates, with no major disruptions reported. However, the market remained exposed to changes in fluorite imports from China due to logistics and geopolitical concerns.
• The Anhydrous Hydrofluoric Acid Demand Outlook was subdued, with weak momentum in refrigerants and electronic chemicals, while automotive and industrial sectors showed little recovery post-Q2.
• Buyers across Germany, Belgium, and France followed conservative purchasing strategies, focusing only on essential inventory top-ups and avoiding speculative builds.
• The Anhydrous Hydrofluoric Acid Price Forecast for Q3 2025 projected continued price stability unless energy price volatility or raw material supply disruptions arose from ongoing EU-China trade frictions.
South America
• The Anhydrous Hydrofluoric Acid Price Index in Brazil remained unchanged during July 2025, reflecting a stagnant market with constrained supply and cautious demand.
• The Anhydrous Hydrofluoric Acid Spot Price showed no significant movement as production and downstream activity remained stable.
• Prices stayed flat in July 2025 as falling sulfuric acid and fluorite input costs were balanced by persistent raw material availability issues and high energy costs.
• The Anhydrous Hydrofluoric Acid Production Cost Trend was mixed—declining sulfur input costs eased margins, but fluorite scarcity and energy inflation added upward pressure.
• AHF manufacturing continued at consistent rates, though upstream mining operations remained limited due to environmental and permitting challenges.
• The Anhydrous Hydrofluoric Acid Demand Outlook remained firm, supported by refrigerant manufacturing growth amid seasonal activity and rising domestic cooling needs.
• Weak export activity and cautious stocking behavior from refrigerant producers limited large-scale buying, keeping the market stable but sluggish.
• The Anhydrous Hydrofluoric Acid Price Forecast for Q3 2025 suggested range-bound movement unless trade restrictions or refrigerant quotas changed.
For the Quarter Ending March 2025
North America
In Q1 2025, the price of anhydrous hydrofluoric acid (AHF) in the U.S. remained high, primarily driven by increasing production costs and tight supply of key raw materials, particularly fluorite.
The domestic fluorite industry continued to face challenges, including the gradual phase-out of older mines and difficulties in exploring new deposits. Strict U.S. regulations on mining, coupled with low inventories and raw material shortages, limited production capacity. Despite these challenges, AHF prices remained relatively stable throughout January and February, with a slight rebound in market activity post-holiday.
The downstream demand from the refrigerant sector remained steady, supported by abundant refrigerant quotas, which spurred increased procurement of AHF. However, some producers hesitated to sell at current price levels due to concerns over rising production costs and limited raw materials, tightening market conditions and pushing prices higher. The overall market outlook was supported by these dynamics, with the refrigerant industry playing a crucial role in driving demand and maintaining price stability. Despite some weak sulfuric acid demand, AHF prices were bolstered by supply constraints and growing refrigerant sector demand.
APAC
In Q1 2025, the price of anhydrous hydrofluoric acid (AHF) in the APAC region followed the northward price momentum, with some upward pressure due to supply constraints and growing demand from the refrigerant sector. The fluorite supply continued to face challenges, including the closure of outdated mines and difficulties in exploring new deposits. This resulted in tight supply conditions, which supported AHF prices. Despite a decline in sulfur prices, which slightly reduced production costs, the overall market remained steady, as the refrigerant industry continued to drive demand for AHF, especially after the Spring Festival. However, some producers were reluctant to sell at current prices due to concerns over rising production costs and limited raw material availability, tightening market conditions. Throughout the quarter, AHF prices showed little movement, reflecting a balance between stable raw material prices and cautious demand. As the refrigerant market recovered and quotas increased, AHF prices were supported, but the market remained sensitive to shifts in supply chain dynamics and regulatory changes. The outlook for the remainder of the year depends on these ongoing factors.
Europe
In Q1 2025, anhydrous hydrofluoric acid (AHF) prices in Europe showed a increasing increasing trend, primarily driven by the rising costs of raw materials and supply chain disruptions. Fluorite supply in Europe remained constrained, with significant challenges in mining operations, particularly in key producing countries such as Spain and France. The closure of older mines and difficulties in developing new ones due to stringent environmental and safety regulations created supply shortages. As a result, AHF production costs continued to rise, contributing to price increases in January and February. Despite these challenges, demand from the downstream refrigerant market remained relatively stable, with consistent demand for AHF as a crucial raw material for refrigerant production. The market was further supported by the ongoing transition to more energy-efficient refrigerants, which increased the need for AHF. However, some concerns over fluctuating energy costs and the availability of raw materials added uncertainty to the market. By March, AHF prices remained high, with manufacturers cautious about selling at current price levels due to the tight supply conditions and regulatory pressures. The overall outlook for the AHF market in Europe remained cautiously optimistic, supported by stable demand but limited supply.
South America
In Q1 2025, the price of anhydrous hydrofluoric acid (AHF) in South America remained relatively stable, despite rising production costs. The region's fluorite supply faced significant challenges, with mining operations constrained by outdated infrastructure and difficulties in developing new mineral deposits. Tightening regulations on fluorite mining in countries like Chile and Argentina also added pressure on the industry. Raw material shortages continued to restrict the ability of AHF producers to meet demand, although inventories remained somewhat stable. While demand from the downstream refrigerant sector showed moderate growth, especially in Brazil, AHF prices remained largely unaffected in January and February due to stable market conditions. However, the introduction of stricter regulations and fluctuating exchange rates impacted the cost of imported raw materials, creating potential upward pressure on AHF prices. By March, the price trend remained steady, with slight price increases expected in the coming months due to ongoing supply constraints. The refrigerant industry’s steady demand for AHF was a key factor supporting market stability, although challenges in the supply chain and regulations on mining continued to affect the overall market outlook.
