Fluorochemical Weekly Briefing: The on-site supply is tight, and the refrigerant continues to rise
one market conditions
Refrigerant: The supply and demand pattern is rising and the mood is warming up
This week, the supply and demand pattern of the refrigerant market continued to improve, with mainstream products stabilizing their operation and a strong sense of optimism in the future. Weekly market characteristics: The supply of raw material trichloroethylene tends to be loose, and the price is reduced in a narrow range; The supply and demand relationship of fluorite powder and hydrofluoric acid is weak, and the price maintains stable operation; The supply and demand of other raw materials have not changed much, with narrow price fluctuations; The price of raw materials has been consolidated, and the fluctuation of refrigerant cost is relatively small. In the short term, it is currently in the peak production season of air conditioning plants, with pre sales and after-sales market demand slowly recovering. However, the factory accepts orders and arranges production, the industry's operating rate is low, the overall supply is tight, the supply and demand pattern is improving, and practitioners are optimistic and confident.
Fluoropolymers: Supply growth is too fast, market competition intensifies, and prices are weak. Consolidation
This week, the supply scale of the fluoropolymer market in the industry has maintained a rapid growth. The demand side is affected by terminal market shrinkage and inventory digestion. Short-term demand is bleak, and cost decline and weak demand are the main reasons for price declines. From a product perspective, at present, both TFE series and VDF series have weak cost support, and the growth rate of industry supply has slowed significantly. Delaying the release of new capacity may help alleviate short-term supply and demand conflicts. Products with prices close to the cost line are facing industry reshuffle, and the pressure for losses on popular products in the early stage has increased sharply.
Fluorinated lithium salts: demand varies, and products operate in a differentiated manner
This week, the price of lithium carbonate has plunged, with limited downstream demand growth, and the fluorinated lithium salt market is operating in a fragmented manner. In terms of cost, buyers of lithium carbonate continued to wait and see, with few transactions on the market, and no positive demand. The industry is pessimistic about future prices. In terms of supply, the production capacity of lithium hexafluorophosphate is relatively abundant, and the competition among production enterprises is fierce, operating at a loss to ensure market share and shipment volume. The short-term shipment growth of downstream power batteries is limited, and the operating load in the energy storage field has rebounded in a narrow range, which slightly supports the market. The demand differentiation has led to different prices of lithium fluoride salts in different regions. Overall, it is estimated that the fluoride lithium salt industry is under great pressure of loss, but downstream demand is weak. The industry is not optimistic about the future market, and prices may still be weak.
two Weekly Highlights
cryogen
Yonghe Co., Ltd. plans to build a new environmental friendly refrigerant and fire extinguishing agent project in Baotou with RMB 6.055 billion
Fluorine containing fine chemicals
Zibo Feiyuan Chemical 5000 t/a Trifluoroethanol Project was put into operation
Sanming Hesford: Won the title of "Little Giant" by the Ministry of Industry and Information Technology
Lithium fluoride salt
Ningde Times: Kirin batteries have been mass produced
Langu New Energy: It is expected to have an annual production capacity of 50000 tons of sodium battery electrolyte in May
Volkswagen Group's 40GWh battery factory in Spain officially started construction
Hongyuan Pharmaceutical has landed on the Growth Enterprise Market and has arranged lithium hexafluorophosphate production capacity
cryogen
Yonghe Co., Ltd. plans to build a new environmental friendly refrigerant and fire extinguishing agent project in Baotou with RMB 6.055 billion
On March 20th, Yonghe Shares announced that its wholly-owned subsidiary, Baotou Yonghe New Materials Co., Ltd., plans to sign a "Project Investment Agreement" with the People's Government of Jiuyuan District, Baotou City, Inner Mongolia Autonomous Region to invest in the construction of the "Baotou Yonghe New Energy Materials Industrial Park Project", with an estimated total investment of 6.055 billion yuan.
The project will construct 20000 tons/year HFO-1234yf, 23000 tons/year HFO-1234ze combined production HCFO-1233zd, 10000 tons/year perfluorohexanone, 180000 tons/year chloroform, 250000 tons/year calcium chloride, 50000 tons/year synthetic ammonia, and 60000 tons/year vinyl chloride units. It also has self-contained waste salt comprehensive utilization, methane chloride, HCFC-22, TFE, HFP, and HCC-240fa units.
Fluorine containing fine chemicals
Zibo Feiyuan Chemical 5000 t/a Trifluoroethanol Project was put into operation
According to the "Dazhong Daily" news, on March 15th, Zibo Feiyuan Chemical Co., Ltd.'s 5000 ton/year trifluoroethanol technical transformation project was successfully put into production, filling a gap in the key areas of the Shandong fluorine containing fine chemicals industry chain.
According to public information, the project is located in the existing plant area of Gaoqing Chemical Industry Park, with an annual production capacity of 5000 tons of trifluoroethanol, a self-contained R133a device, and a by-product of 1534 tons of R134a, 1100 tons of 30% hydrofluoric acid, and 17000 tons of 31% hydrochloric acid. The production of this project can expand the company's share in the field of fluorine-containing medicine. Upon reaching its full capacity, it can achieve an annual sales revenue of 500 million yuan, profits and taxes of 100 million yuan, and provide employment for 80 people.
Sanming Hesfu: Awarded the title of "Little Giant" by the Ministry of Industry and Information Technology
A few days ago, Sanming Haisfu was awarded the fourth batch of "Little Giant" enterprises specialized and specialized by the Ministry of Industry and Information Technology of the People's Republic of China, relying on its overall competitive advantages such as strong innovation ability, high market share, outstanding core technology, and excellent quality and efficiency. It was successfully selected into the 2023 list of advantageous products and technologies in the field of industry and information technology in Fujian Province, which was first released by the Department of Industry and Information Technology of Fujian Province.
Currently, Hasford has completed the construction of the first, second, and third plant areas (Phase I). The third plant area (Phase II) project is under construction, and its products are mainly used in fields such as fluoropharmaceuticals, new energy, semiconductors, digital infrastructure, flexible displays, and power grids.
Lithium fluoride salt
Ningde Times: Kirin batteries have been mass produced
On March 21, Ningde Times disclosed to the media that its flagship technology, the Kirin battery, has been mass produced.
Previously, on June 23, 2022, Ningde Times released the third generation CTP (cell pack) battery - Kirin battery. Compared to the previous two generations of CTP technology, the Kirin battery completely cancels the module configuration design, and through optimization of the cooling structure, the battery safety, life, fast charging performance, and specific energy density are further improved.
According to Ningde Times, the volume utilization rate of Kirin battery has exceeded 72%, the energy density of the equipped ternary battery cell can reach 255Wh/kg, the energy density of the lithium iron phosphate battery system can reach 160Wh/kg, and the battery pack integration is the highest in the world. The global mass production debut model of Kirin battery is the extremely Krypton 009, which will be delayed by about 1-2 months after the mass production of Kirin battery.
Langu New Energy: It is expected to have an annual production capacity of 50000 tons of sodium battery electrolyte in May
Recently, Hangzhou Langu New Energy Technology Co., Ltd. announced that the company had achieved tons of sodium battery electrolyte mass production in September 2022, and currently has a production capacity of 5000 tons of sodium battery electrolyte. It is expected to have an annual production capacity of 50000 tons in May 2023.
According to the news, Langu New Energy currently has three production bases in Liyang, Jiangsu, Huzhou, Zhejiang, and Zibo, Shandong. The development orientation of the company is to become a high-tech enterprise with new electrolyte materials. Through the technical route of "liquid electrolyte mixed solid liquid electrolyte solid electrolyte", the company carries out a layout of the entire industrial chain, with key raw materials self supporting, and builds itself into a leading enterprise of electrolyte materials based on liquid electrolyte, with mixed solid liquid electrolyte as the highlight, and solid electrolyte as the core.
Volkswagen Group's 40GWh battery factory in Spain officially started construction
On March 21, Volkswagen Group officially started construction of its second battery factory in Europe, located in Valencia, Spain. It is expected to be put into production in 2026, with an initial annual capacity of 40GWh, and may expand to 60GWh in the future.
It is reported that Volkswagen Group has taken battery technology as a core element of its electric transformation strategy. In July 2022, Volkswagen Group broke ground on its battery factory in Salzgitt, Germany, and established a battery company, PowerCo, to build electric vehicle batteries.
Earlier, on March 13th, Volkswagen Group and its battery company PowerCo announced that they had chosen to establish Volkswagen Group's first battery super factory outside Europe in St. Thomas, Ontario, Canada.
Hongyuan Pharmaceutical has landed on the Growth Enterprise Market and has arranged lithium hexafluorophosphate production capacity
On March 20th, Hubei Hongyuan Pharmaceutical Technology Co., Ltd. (securities abbreviation: Hongyuan Pharmaceutical; stock code: 301246) was officially listed and traded on the Shenzhen Stock Exchange Growth Enterprise Board.
According to information, Hongyuan Pharmaceutical was founded in 2002 and currently has five series of products, including organic chemical raw materials, pharmaceutical intermediates, APIs, preparations, and new energy materials. The main products include metronidazole, glyoxal, glyoxylic acid, 2-methyl-5-nitroimidazole, guanine, and lithium hexafluorophosphate.
It is reported that Hongyuan Pharmaceutical has implemented a technical transformation project for a 1000 ton lithium hexafluorophosphate production device and a construction project for a 6000 ton lithium hexafluorophosphate production device. After the completion and operation of the above projects, the production and sales scale of the company's lithium hexafluorophosphate products will be further improved.
