China Fluoride Materials Monthly Report 1309 - Annual Subscription

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Oct 23, 2013, 07:59 ET

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China Fluoride Materials Monthly Report 1309 - Annual Subscription
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In Aug. 2013, domestic average ex-work prices of most fluoride materials continually reduced. However, several fluorine chemical products' prices rebounded a little after several months' fall. For instance, domestic price of dry AlF3 in Aug. 2013 was USD1,172/t, increasing by 1.03% compared with that in July 2013, when it stood at about USD1,160/t. Actually, it ended six months fall since Feb. 2013 when the price was USD1,238/t. In addition, domestic price of R32 in Aug. 2013 also increased by 1.21% month on month.

According to the semi-annual reports of Do-Fluoride Chemicals Co., Ltd. and Shanghai 3F New Materials Co., Ltd., both of them suffered a sharp drop of net profit in H1 2013. For instance, 3F achieved revenue of USD243.70 million in H1 2013, down by 6.03% year on year. Meanwhile, the net profit of it reached USD2.38 million, a shocking YoY fall of 83.85%. In addition, the net profit of Do-Fluoride in H1 2013 was only USD0.54 million, a huge YoY fall of 92.08%.

Concerning company dynamics, Juhua Group will put its LiPF6 project with a capacity of 300t/a into production at the end of 2013, according to Tian Zhiyang, the executive manager of chemicals division of Juhua Group Corporation (Juhua Group) in Aug. 2013. Moreover, Shandong Huaan New Material Co., Ltd. is going to invest USD2.43 million in constructing VDF and PVDF production devices with respective capacity of 8,600t/a and 8,000t/a.

Headline

1. Pengshui County, Chongqing, is speeding up the construction of its fluorine chemical industrial park.
2. The new HCFC production quotas of 2013 was issued by FECO in Sept. 2013.
3. Haier received USD12.58 million from the Multilateral Fund to transform its R22 refrigerant production lines.
4. Dong Yang Guan Fluorine has invested USD31.34 million in its fluorine refrigerant project, which still needs USD142.80 million to be invested. At present, the project schedule has already reached 22.17%.
5. Domestic average ex-work price of AlF3 rebounded slightly in Aug. 2013 and ended the six months' downtrend. It's estimated that the AlF3 price in Sept. 2013 won't see a substantial increase.
6. Do-Fluoride saw a growth in its revenue in H1 2013, but it suffered a huge drop in net profit at the same time.
7. Shandong Senfu is going to invest USD8.1 million in constructing a series of production lines of CTFE and its derivatives with a total capacity of over 15,600t/a.
8. The revenue and net profit of 3F decreased sharply in H1 2013 mainly due to the decreasing market prices of fluorine chemicals.
9. Shandong Huaan is going to invest USD2.43 million in constructing a PVDF production line with capacity of 8,000t/a and expanding the capacity of R142b from 15,000t/a to 20,000t/a.
10. Juhua Group's LiPF6 project with a capacity of 300t/a will be put into production at the end of 2013.

11. Zhejiang Runtu and Weihua Chemical will set up a new subsidiary to produce fluorotoluene with a capacity of 36,500t/a.
12. Import and export analysis of fluoride chemicals in China in July 2013.
1.Pengshui County speeding up construction of fluorine chemical industrial park
2.FECO releases an announcement about HCFC production quotas of 2013
3.Haier receives USD12.58 million for its R22 renovation project
4.Progress of Dong Yang Guang Fluorine's fluorine refrigerant project reaches 22.17%
5.Domestic AlF3 price rebounds slightly in Aug. 2013
6.Do-Fluoride experiences a huge drop in net profit in H1 2013
7.Shandong Senfu to invest USD8.1 million in a CTFE project
8.3F suffers a sharp fall in net profit in H1 2013
9.Shandong Huaan to invest USD2.43 million in PVDF and R142b project
10.Juhua Group's LiPF6 project to be put into production at the end of 2013
11.Zhejiang Runtu and Weihua Chemical to jointly invest in fluorotoluene project
12.Import and export analysis of fluoride chemicals in China in July 2013

Companies Mentioned

1.Inner Mongolia Toff Chemical Development Co., Ltd.
2.Zhejiang Lantian Environmental Protection Hi-Tech Co., Ltd.
3.Zhejiang Sanmei Chemical Industry Co., Ltd.
4.Changshu
3F Zhonghao New Chemical Materials Co., Ltd.
5.Shandong Huaan New Material Co., Ltd.
6.Dongyue Group Ltd.
7.Jiangsu Meilan Chemical Co., Ltd.
8.Zhejiang Quhua Fluorine Chemical Co., Ltd.
9.Haier Group
10.Yantai Moon Co., Ltd.
11.Guang Dong Dong Yang Guang Aluminum Co., Ltd.
12.Ruyuan Dong Yang Guang Fluorine Co., Ltd.
13.Do-Fluoride Chemicals Co., Ltd.
14.Zhejiang Juhua Co., Ltd.
15.Jiangsu Jiujiujiu Technology Co., Ltd.

16.Shandong Senfu New Material Co., Ltd.
17.Changshu
3F Fluorochemical Industry Co., Ltd.
18.Sinochem Lantian Polymer Co., Ltd.
19.Shanghai
3F New Materials Co., Ltd.
20.Kureha (China) Investment Co., Ltd.
21.Longxing Chemical Stock Co., Ltd.
22.Zibo Huaan Chemical Co., Ltd.
23.Vertex Technology Fund (III) Co., Ltd.
24.Juhua Group Corporation
25.Zhejiang Juhua Kailan New material Co., Ltd.
26.Sichuan Huangming Lithium Energy New Materials Co., Ltd.
27.Zhejiang Runtu Co., Ltd.
28.Zhejiang Weihua Chemical Co., Ltd.

To order this report: China Fluoride Materials Monthly Report 1309 - Annual Subscription
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