Editor's Note
Fluorite prices continued to decline in May 2025. Prices for AHF remained stable with a slight downward trend in May 2025. The price of R22 prices remained high and stable in May 2025. The price of AIF3 prices continued their downward trajectory in May 2025.
Important market dynamics in May 2025
- On 23 May, 2025, the environmental impact report for Fujian Haidefu New Materials Co., Ltd.'s 5,000 t/a high-performance fluoromaterial project (Phase 1.5) was approved.
- On 13 May, 2025, Zhejiang Kings Resources Group Co., Ltd. held its 2024 annual and Q1 2025 performance briefing, addressing investor concerns on mine safety upgrades, the recovery of gross profit margin for the Jin'ebo AHF project, the Mongolia fluorite project, and progress in fluorite-AHF industry integration.
- On 7 May, 2025, the 1.5 million t/a fluorite mineral processing plant project at the Piyazidaban Fluorite Mine, operated by Xinjiang Amberich Energy Co., Ltd., officially commenced construction in Ruoqiang County, Xinjiang Uygur Autonomous Region.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.2008 on 6 May, 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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Market Analysis
- LiPF6 price continues to sink in May
Company Dynamics
- Kings Resources holds performance briefing session
- HCSC experiences declines in both revenue and net profit in 2024
- Zhejiang Yonghe releases 2024 annual report
- Haidefu high-performance fluoromaterial project (Phase 1.5) gets approved
- Fuduobang fluorine new materials industrial construction project
- Amberich Energy's 1.5 million t/a fluorite beneficiation project starts construction
- Huayi Shares to acquire 60% stake in 3F New Materials for USD568.13 million in cash
- Fluorinert liquid project signed in Shunchang
- Zhejiang Sanmei's net profit increases sharply in Q1 2025
- Guiyang phosphorus-sulfur-titanium-copper-iron-lithium-fluorine coupling integrated project
- DFD and Hubei Yihua joint venture project commences construction
Political Factors
- Guizhou launches three-year plan for fluorochemical industry's high-quality development
Technology
- Ruyuan Dongyangguang VDF renovation and upgrading project wins approval
- Dongyue Lvleng fourth generation refrigerants technology validation project
- PVDF technology transformation project wins approval
Market Data Analysis
- Fluorite prices fall in May
- AHF prices dip slightly in May
- R22 price remains high in May
- AlF3 prices weaken in May
Import and Export
- Jan.-April analysis of major fluorine chemical product import-export trade
Price Update
- Ex-works prices of major fluorochemicals in China in May 2025

