China Fluoride Materials Monthly Report(China Fluoride Materials Monthly Report 1803)

In March 2018, China’s fluorochemical prices were on the increase as a whole.

• Fluorite: The price of fluorite (CaF2>97%) was up by 2.47% MoM, because the supply was still inadequate as a result of slow increases in the industry’s operating rate. In addition, downstream companies having relatively huge stock were not willing to accept expensive fluorite. A downtrend in the price of hydrofluoric acid was unfavourable to the fluorite market.
• R134a: The price of R134a rose by 18.93% MoM, hitting the highest growth rate among all refrigerants, because the supply was limited (R134a suppliers have no goods in stock) and the demand was stable. The price of trichloroethylene (a raw material for R134a production) went up due to the shutdown of some companies, but did not hinder the manufacture of R134a.
• AlF₃: China’s AlF₃ price dropped slightly in March 2018. CCM predicts the AlF₃ price will remain stable in the short run due to the supply-demand balance.
• R22: The price rise of R22 continued in March 2018, and CCM predicts China’s R22 price will remain stable in the short run.

Here are some significant matters in the domestic fluorochemical industry in Feb. and March 2018.

• On 28 Feb. 2018, Lee & Man Chemical held a briefing on its financial performance in 2017, unveiling its current development situation and future investment plan.
• On the same day, Do-Fluoride published its 2017 preliminary earnings estimate, predicting a 46.10% YoY decrease in its net profit in 2017 because of the price cut of LiPF₆.
• On 7 March, 2018, Tinci announced a plan of setting up a JV to produce LiPF₆ to speed up its foreign market expansion.

The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.3352 on 1 March., 2018, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.

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