Fluorite price in Jan. remained stable overall, with supply gradually decreasing and downstream demand being relatively flat. The price of anhydrous hydrogen fluoride (AHF) remained stable. The price of R22 remained at a high level of last year. The supply side still has a strong mentality for holding the price.
Important market dynamics in June 2024
On 23 Jan., Zhejiang Juhua Co., Ltd. announced its performance forecast for 2024. The forecast indicated that Zhejiang Juhua's net profit attributable to shareholders for 2024 was expected to increase of 98.00%–123.00% YoY.
On 13 Jan., 2025, Solvay Specialty Polymers, USA LLC and the Syensqo SA jointly initiated litigation against several Chinese PVDF companies.
In Jan., 2025, Shenzhen Sunxing Light Alloys Materials Co., Ltd., Zhejiang Yongtai Technology Co., Ltd. and Tonze New Energy Technology Co., Ltd. release its performance forecasts of 2024. The three LiPF6 companies' forecasts all show losses in 2024. Specifically, Tonze New Energy reported a expected loss of over 3,000% in comparison with 2023.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1879 on 2 Jan., 2025, 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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