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China’s hydrofluoric acid market declined on February 14

On February 13, the hydrofluoric acid commodity index was 111.54, which was the same as yesterday. It was 20.57% lower than the cycle peak of 140.43 points (2018-02-21), and 108.14% higher than the lowest point of 53.59 on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the price trend of domestic hydrofluoric acid market has been slightly lower recently. As of 14 days, the domestic market price of hydrofluoric acid is 12028.33 yuan/ton, and the starting rate of domestic hydrofluoric acid is about 60%. Enterprises reflect that there is sufficient supply of hydrofluoric acid spot source in the field, the recent situation of goods in the field has deteriorated, some enterprises have increased their hydrofluoric acid stocks, and the ex-factory price has been slightly lowered, but due to the raw material market. High support, hydrofluoric acid market price decline is very limited. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 11,000-12,000 yuan/ton, while the price of hydrofluoric acid in the northern market is 11,500-13,000 yuan/ton. Domestic hydrofluoric acid market price trend is slightly lower, spot supply is sufficient, due to the recent high prices of raw materials market, fluorite prices are in a high state, but the price of raw materials fluorite slightly declined, the market price of hydrofluoric acid slightly lower.

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Recent downstream refrigerant product maintenance devices are more, the demand for upstream fluorite and hydrofluoric acid has weakened, the recent downstream refrigerant trading market has declined, and the price of hydrofluoric acid products has slightly decreased. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate is temporarily stable, the main production enterprise’s bulk water out-of-factory quotation fell to 17500-18500 yuan/ton, but the production enterprise does not have bulk water spot, mainly with a small number of cylinders shipped. In addition, the actual demand side of the market has declined, and the shipment market trend is poor. The domestic market price of R134a is slightly lower, the start-up rate of production enterprises is lower, the market demand for refrigerants is weakened, and manufacturers mainly export their products. However, the on-site transaction price does not change much, and the merchants purchase on demand. Recently, due to the impact of equipment maintenance, the upstream market demand for hydrofluoric acid has weakened.

Refrigerant on-site transaction prices slightly lower, refrigerant industry equipment overhaul increased, the upstream hydrofluoric acid market demand weakened, coupled with the upstream refrigerant industry to resist high prices of raw materials, Business Analyst Chen Ling believes that the hydrofluoric acid market may continue to decline, hydrofluoric acid prices will be around 11500 yuan per ton.

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Peru’s environmental regulator has reported a leak from a tailings dam owned by the Southern Copper Industry

Peru’s environmental regulator reported Sunday that a tailings dam owned by Southern Copper Corp. had leaked and that the leaked sewage had been discharged into a flooded river.

The Southern Copper industry is one of the largest copper producers in the world.

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Peru’s Environmental Assessment and Monitoring Agency (OEFA) reported that the tailings dam leakage occurred at the Cuajone copper mine in Moquegua, Peru, owned by Southern Copper Corporation, about 860 kilometers southeast of the capital Lima.

OEFA said the Cuajone mine reported to the regulator that it had launched an emergency mining plan because of heavy rains in the south of the country.

Southern Copper is a subsidiary of Grupo Mexico.

Heavy rains in southern Peru have killed at least five people and left hundreds homeless since last week.

OEFA said it would investigate the cause, responsibility and impact of the tailings dam leakage accident.

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Jorge Chavez, director of Peru’s National Civil Defense Research Institute (Indeci), said heavy rains had killed at least five people in the country since Friday and three others were missing, especially in the southern regions of Moquegua and Tacna, where precipitation is expected to continue until Wednesday.

Peruvian President Martn Vizcarra has declared a state of emergency in several provinces.

China’s domestic hydrofluoric acid market declined on January 29

On January 28, the hydrofluoric acid commodity index was 112.67, down 0.38 points from yesterday, down 19.77% from the peak of 140.43 points in the cycle (2018-02-21), and up 110.24% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

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According to statistics, the domestic market price of hydrofluoric acid has been declining recently. As of 29 days, the domestic market price of hydrofluoric acid is 12333.33 yuan/ton. The domestic start-up rate of hydrofluoric acid is about 60%. Enterprises reflect that the supply of hydrofluoric acid on the spot is sufficient, the situation of goods on the spot is getting worse recently. Some Enterprises have increased their hydrofluoric acid stocks and slightly lowered their ex-factory prices, but due to the high level of raw material market. Supported by this, the price decline of hydrofluoric acid market is very limited. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 11500-12000 yuan/ton, while the price of hydrofluoric acid in the northern market is about 12000-13000 yuan/ton. Domestic hydrofluoric acid market price trend is slightly lower, spot supply is sufficient, due to the recent high prices of raw materials market, fluorite prices are in a high state, but the price of raw materials fluorite slightly declined, the market price of hydrofluoric acid slightly lower.

Recent downstream refrigerant product maintenance devices are more, the demand for upstream fluorite and hydrofluoric acid has weakened, the recent downstream refrigerant trading market has declined, and the price of hydrofluoric acid products has slightly decreased. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 70%, R22 refrigerant facility start-up rate is temporarily stable, the main production enterprise’s bulk water out-of-factory quotation fell to 17500-18500 yuan/ton, but the production enterprise does not have bulk water spot, mainly with a small number of cylinders shipped. In addition, the actual demand side of the market has declined, and the shipment market trend is poor. The domestic market price of R134a is slightly lower, the start-up rate of production enterprises is lower, the market demand for refrigerants is weakened, and manufacturers mainly export their products. However, the on-site transaction price does not change much, and the merchants purchase on demand. Recently, due to the impact of equipment maintenance, the upstream market demand for hydrofluoric acid has weakened.

Refrigerant on-site transaction prices slightly lower, refrigerant industry equipment overhaul increased, the upstream market demand for hydrofluoric acid weakened, coupled with the upstream refrigerant industry to resist high prices of raw materials, Business Analyst Chen Ling believes that the hydrofluoric acid market will continue to decline, hydrofluoric acid prices will be around 12,000 yuan/ton.

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The United States announced the lifting of sanctions against Aluminum and other three companies

Beijing time, 28 news, the U.S. Treasury Department announced on Sunday the lifting of sanctions on three companies related to Russian billionaire Oleg Deripaska, including Rusal, En + Group and JSC EuroSib Energo.

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According to the news, “The Foreign Assets Control Office of the US Treasury today (OFAC) cancelled the sanctions imposed on Russian En + Group,’Rusal’and European Siberian Energy Company according to a notice sent to Congress on December 19, 2018,” but all the sanctions against Jeripaska are still in effect.

The U.S. Treasury Department said last 20 that sanctions against the three companies would be lifted within 30 days because “these companies have pledged to drastically reduce Deripaska’s ownership and control”.

Aluminum Russia is the world’s second largest aluminium producer, accounting for 6% of global aluminium supply.

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Russian Lukoll: Crude oil production is expected to be flat in 2019

CEO of Russian Lukoll Oil Company: Under the OPEC and non-OPEC oil producer reduction agreement, the company will reduce production by 30,000 barrels per day in the first quarter; crude oil production is expected to be flat in 2019; the crude oil industry is satisfied with the oil price level of $60 per barrel.

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In December 2018, OPEC’s crude oil production fell by 751,000 barrels a day to 31.58 million barrels a day, the biggest decline in two years. As expected, Saudi Arabia contributed the largest decline, with a decrease of 468,000 barrels per day to 10,553,000 barrels per day.

Libya Cheng is the second largest country in terms of production reduction, with crude oil production decreasing by 172,000 barrels per day to 928,000 barrels per day annually, mainly due to the shutdown of Sharara, the largest oil field, due to irresistible factors. Influenced by nuclear sanctions, Iran’s crude oil production fell by 159,000 barrels per day in December to 2769,000 barrels per day, making it the third country to contribute to this month’s reduction.

OPEC is scheduled to meet in Vienna from April 17 to 18 to review the reduction agreement that began in January. Despite OPEC-led cuts in oil supply, U.S. oil production last week was close to 12 million barrels a day. Some traders and investors worry that global supply growth will exceed demand this year.

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