SHANGHAI, Jun 19 (SMM) – Aluminium fluoride prices in China are likely to stablise in the near term as major producers will jointly support prices, SMM believes. Major fluorochemical enterprises in Hengshan, Hunan province convened on Thursday June 14 and agreed to collaborate to support prices.
With thin profit margins in a declining, oversupplied market, producers will stop aluminium fluoride prices from breaking the 9,000 yuan/mt level.
As of Friday June 15, traded prices of aluminium fluoride extended their declines with most transactions at 8,500-9,000 yuan/mt. Transactions at a low of 8,000 yuan/mt were also heard.
Aluminium fluoride prices are likely to continue to fall in the longer term as major fluorochemical enterprises, such as Do-Fluoride Chemicals, resume production.