China Fluoride Materials Monthly Report 1601(12 issues per year)

Date: 2016-02

“In 2015, the domestic fluorochemical market witnessed “”fall”” throughout the year, according to analysts CCM: the overcapacity significantly showed its negative impact under the circumstances that the overall economy was weak and the growth was slowed down. However, some refined, specific and high performance fluorochemicals came to the fore, with increasing prices. This has brought dawn to the industry.
In Jan. 2016, the domestic R32 market was languished, a continuation of the full-year downturn in 2015. Though the downstream air-conditioning enterprises begin to increase input in R&D of R32 air conditioner, it, impacted by severe overcapacity, makes little results. CCM predicts that in 2016, the R32 market will not make a recovery, and instead, will fluctuate following cost.
In Jan. 2016, two wholly-owned subsidiaries of Zhejiang Juhua made progress in their HFCs projects: one passed the environmental protection check after completion and the other was ready for operation. This marks that Zhejiang Juhua is to speed up the capacity layout and take the market shares released by traditional HCFCs.
In Jan. 2016, Shanghai 3F’s Changshu Tetrafluoro Plant was checked for acceptance. In addition, its subsidiary in Changshu City also finished the EIA for CFC-113a and CFC-113 project. All of this signalised that Shanghai 3F is continuously promoting the production scale upgrading in Changshu.
In Jan. 2016, Zhejiang Juhua announced the cooperation with CFT Capital, to jointly develop electronic chemical materials business. This signalised that Zhejiang Juhua is making constant efforts to head the domestic R&D and production of electronic chemical materials and to make financial breakthroughs.
Zhejiang Quhua announced at the end of December 2015 that the HFC-23 incineration project would soon be put into production. The project will not only help reducing the company’s carbon emissions and improving the clean production level, but it will also bring further financial support and it will help obtaining, in the future, the benefits of the national carbon trade market.
In the end of Dec., 2015, MEP released the HCFCs production and consumption quotas for year 2016. Specifically, the production quota results equal to the one of year 2015 while the consumption quotas for downstream industries of refrigeration and air-conditioning, PU foaming, etc., however, have been significantly reduced. According to CCM’s analysis, all this proves that China is intensifying restrictions upon downstream application in order to accelerate elimination in production, to promote marketisation of substitutes and to achieve industry upgrading.
In Jan. 2016, Hunan Province indicated that the proposal on accelerating the development of fluorochemical industry is being reviewed. With the rich fluorite resources and sound industrial park, it is foreseeable that Hunan’s fluorochemical industry will soon flourish.
In Dec. 2015, China’s fluorite market was sluggish: prices of both fine powder and lump ore declined. However, CCM believes that in early 2016, prices will stop falling and stay stable, as the oversupply will be eased: fluorite producers will increasingly suspend production due to the continuously decreasing temperature and the weak demand.
In Dec. 2015, China’s fluoride salt market overall was in depression. However, since the prices have already fallen to the cost lines, and the downstream enterprises will hoard in early 2016, CCM believes that the prices will stay low but stable.”

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