In March 2023, prices of major fluorochemical products were mixed mainly because most manufacturers held wait-and-see attitudes towards the end refrigerant market. Although the peak season of refrigerant is about to come, the end demand was not released as large as many midstream manufacturers expected. Prices of midstream fluorochemical products like AHF fluctuated slightly and prices of some edged down because some fluorite factories delayed production in early this month, causing fluorite prices were relatively high. Whether demand from refrigerant market will provide strong support for fluorochemical product prices in the short term with the coming of summer?
Important market dynamics in March 2023
On 16 March, 2023, Zhejiang Yongtai Technology Co., Ltd. announced to establish a joint venture, which will further expand the industrial layout of fluorochemical products and improve the company's industrial chain of li-ion battery material sector.
On 7 March, 2023, the information of Zhejiang Juhua Hanzheng New Material Co., Ltd.'s 1,500 t/a difluoroacetyl fluoride project was revealed.
In early March, several fluorochemical projects were granted recordation in Inner Mongolia Autonomous Region.
On 1 March, 2023, the environmental impact assessment report of the 100,000 t/a liquid lithium salt, 60,000 t/a LiPF6, and 50,000 t/a LiFSI project of Shandong Baoni New Material Co., Ltd. was publicised.
On 28 Feb., 2023, the environmental impact assessment report of the 10,000 t/a PVDF and 27,000 t/a R142b project of Ruyuan Dongyangguang Fluorine Resin Co., Ltd. was disclosed for public opinions.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.9400 on 1 March, 2023, 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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