In July 2024, fluorite prices continued to fall. Suppliers were unwilling to sell and downstream enterprises faced cost pressure. Fluorite prices are expected to decline in the short term. R22 prices remained stable at a high level. Producers showed intention to support prices; demand increased; but customers were still cautious about purchasing.
Important market dynamics in July 2024
On 25 July, 2024, Zhejiang Weihua New Material Co., Ltd. issued a Prospectus for Initial Public Offering and Listing on the Main Board, planning to be listed on the Shanghai Stock Exchange.
On 23 July, 2024, Haohua Chemical Science & Technology Co., Ltd. completed acquisition of Sinochem Lantian Co., Ltd.
On 12 July, 2024, a new development occurred in the case of Guangzhou Tinci Materials Technology Co., Ltd. suing China Kings Resources Group Co., Ltd. for LiPF6 infringement.
In July 2024, a number of fluorochemical companies released H1 2024 performance forecasts; profits of several refrigerant enterprises will soar YoY while some LiPF6 enterprises continue to lose money.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1265 on 1 July, 2024, sourced from the People's Bank of China.
All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
If you would like to cover any specific topics or investigate any covered subjects in more details, please contact us on +86-20-37616606, or econtact@cnchemicals.com
Please purchase to view
Buy Now
Add to cart
