Fluorochemical Weekly Report: Fluopolymer and Refrigerant Prices Stabilize towards the End of the Year

one

One week market

Refrigerant: The factory continues to be reluctant to sell and maintain stable prices within the year

This week, the factory continued to hold back sales and maintain stable prices for mainstream refrigerants. Characteristics of the weekly market: Affected by weak demand, the overall production and sales volume has shrunk, leading to more or less fluctuations in the prices of upstream basic raw materials. Among them, the price of fluorite powder in the East China region has dropped to 3400 yuan/ton; Calcium carbide prices are rising due to tight supply; Methane chloride factories have a strong upward trend, with prices fluctuating upwards. Overall, the pressure on refrigerant costs has weakened. At the end of the year, due to factors such as restricted license processing and longer shipping cycles, overseas procurement has basically ended; And recently, refrigerant prices have risen rapidly, with fewer new orders in China. Refrigerant factories mainly deliver small orders in the early stage and prepare inventory in advance. It is expected that with the support of positive factors such as favorable policies, limited supply next year, and factory reluctance to sell at high prices, the refrigerant market will maintain stable and stable operation within the year.

Fluorinated polymers: upstream and downstream collectively build a chassis at the bottom, facing a dilemma of short-term rise and fall

This week, the fluoropolymer market collectively bottomed out and consolidated. Due to the proximity of prices to the cost line, some factories that purchase raw materials for certain products have already inverted their prices. Therefore, the same product has obvious differences in different uses, and the same product has significant differences in different factories. Customer base, product quality, and industrial chain integrity directly determine the competitive advantages and disadvantages. From a product perspective, the core monomer raw materials R22 and R142b remain stable at low levels, with relatively strong cost support; Downstream demand is affected by the slowdown in global economic growth, leading to a slowdown in the growth rate of popular industries, resulting in a prominent short-term supply-demand contradiction. Under the influence of multiple negative factors, the prices of fluorinated polymers in the future may bottom out and consolidate.

two

Weekly News

Fluorine raw materials

Del Technology plans to renovate the 40000 ton/year electronic grade AHF project in Longyan, Fujian

On November 29th, the Ecological Environment Bureau of Longyan City announced the annual production capacity of 40000 tons of electronic grade anhydrous hydrogen fluoride upgrading project of Fujian Longfu New Materials Co., Ltd. The announcement shows that the project is located in Jiaoyang Town, Shanghang County, Longyan City, Fujian Province, with a total investment of 12 million yuan.

The project will purify industrial grade anhydrous hydrogen fluoride (40000 tons/year) produced in the Anhydrous Hydrogen Fluoride (AHF) production workshop (existing Phase I project) to electronic grade project product, electronic grade anhydrous hydrogen fluoride, as a raw material for further deep processing and use, without sale.

Fujian Longfu New Materials Co., Ltd. is located in Pingpu Industrial Zone, Jiaoyang Town, Shanghang County, Longyan City. It is currently a wholly-owned subsidiary of Fujian Del Technology Co., Ltd.

Yonghe Shares: The company has a proven reserves of 4.8527 million tons of fluorite ore

Recently, Yonghe Shares stated in response to investor questions that the company currently owns 3 mining rights and 2 exploration rights, and has confirmed that the reserve of fluorite resources has reached 4.8527 million tons of ore. The subsidiary Huasheng Fluorite currently has a flotation capacity of 80000 tons/year of fluorite fine powder.

Fluorinated polymers

Nantong Tianci plans to build 243000 tons of lithium and fluorine materials projects, including PTFE, PFA, FEVE, etc

On November 22nd, the website of the Nantong Administrative Approval Bureau announced the annual production of 243000 tons of lithium batteries and fluorine-containing new materials project by Tianci Materials (Nantong) Co., Ltd.

According to the public announcement, the project is located in Yangkou Town, Rudong County, Nantong City, with a total investment of 2.65 billion yuan. After the project is completed, it will produce an annual output of 200000 tons of battery electrolyte, 20000 tons of new electrolyte lithium difluorosulfonate (fixed), 10000 tons of modified polytetrafluoroethylene resin for batteries, 10000 tons of fluorocarbon resin for photovoltaics, 2890.1 tons of hexafluoropropylene monomer, 86000 tons of by-product polyaluminum chloride, and 3000 tons of by-product 30% hydrofluoric acid.

The intermediate products HCFC-22 and TFE produced by the project are all used for the production of the final product of the project.

Solvay Fluorochemical and other businesses have been separated and listed separately

On December 11, 2023, Central European Time, Synsqo was listed on the Brussels Pan European Exchange and the Paris Pan European Exchange in Belgium, with the stock code "SYENS".

This split has been initiated since last year, separating Solvay Group's specialty chemicals business under the name of Synenqo from its essential chemicals business, including a single technology business. After splitting:

Solvay will include single technology businesses such as soda ash, peroxides, silica, solvents, and rare earths;

Synsqo will be involved in four growth platforms: specialty polymers, composite materials, surfactants, aromatics, technological solutions, petroleum and natural gas, as well as batteries, green hydrogen energy, thermoplastic composite materials and renewable materials, and biotechnology, including Solvay's fluorine chemical business.

The Puyang Runtu New Materials Fluorine Electronic Materials Project has officially started construction

On October 15th, according to the website of the People's Government of Puyang County, the Runtu Fluorine Electronic Materials Project with an investment of 560 million yuan has officially started construction.

It is understood that the fluorinated electronic material project is invested and constructed by Puyang Runtu New Materials Co., Ltd. The project covers an area of 172 acres and belongs to the planned Class III industrial land. The project involves the production of 12 types of products and is constructed in two phases:

The first phase of the project has a production capacity of 3150t/a, involving 9 types of products, with a scale of 700 tons/year for bisphenol AF, 100 tons/year for hexafluoroether amine, 300 tons/year for propylene glycol ketone, 1000 tons/year for 3,5-dimethylpiperidine, 500 tons/year for N-methylcyclohexylamine, 150 tons/year for 6-FAP, 50 tons/year for 6-FXY, 50 tons/year for 6-FDA, and 300 tons/year for fluoro 5;

The production capacity of the second phase project is 750t/a, involving three types of products, with a scale of 500 tons/year for vinyl sulfate, 200 tons/year for hexafluorodiamine, and 50 tons/year for hydrogenated BPDA.

The project entity Puyang Runtu New Materials Co., Ltd. is a wholly-owned subsidiary of Hangzhou Yunshang New Materials Co., Ltd., which mainly produces bio based materials, hexafluoro derivatives, electronic material intermediates and other products.