中国氟化物材料月报(中国氟化物材料月报202012)

In Dec. 2020, the overall fluorochemical market was strong and prices of raw materials and downstream products increased to different degrees, but the overall operating rate was at a low level. Fluorite prices edged up slightly at a low level and are estimated to grow as fluorite enterprises maintained low operating rates due to cold weather, environmental inspection and electricity limit. Prices of downstream AlF₃ continued to climb and prices remained at a high level this month. Operating rates of AlF₃ industry were also low owing to pollution supervision and control in winter and cold weather. Electrolytic aluminium enterprises revealed the bidding prices for purchase successively and AlF₃ manufacturers were actively supplying products to customers. AHF prices went up and enterprises cut down production for maintenance for overhaul, tightening market supply.

Prices of different types of refrigerants ascended significantly mainly because prices of upstream AHF mounted, supply of spot products became tight and downstream demand rose; meanwhile, the cold-chain transportation of vaccines also boosted demand for refrigerants. PTFE prices increased in Dec. and are expected to remain strong at a high level in the near future for manufacturers with low-level inventories are eager to support prices as they face little overstock pressure and prices of raw materials ascend significantly, giving strong support to PTFE costs.

Important market dynamics in Dec. 2020

On 21 Dec., 2020, the Customs Tariff Commission of the State Council issued the Tariff Rate Adjustment Plan for 2021. Some fluorine-enriched products are involved.

On 11 Dec., 2020, the environmental impact assessment information showed that Jiangxi Xingfu Zhonglan New Material Co., Ltd. planned to invest USD758.48 million (RMB5 billion) in establishing a fluorochemical project of 50,000 t/a electronic grade hydrofluoric acid, 81,000 t/a organic fluorochemical products and 260,000 t/a fluorogypsum comprehensive utilisation.

On 27 Nov., 2020, Yunnan Yuntianhua Co., Ltd. and Do-Fluoride Chemicals Co., Ltd. founded a joint venture, Yunnan Fluoride Phosphorus Electronics Technology Co., Ltd. to develop cooperation in comprehensive utilisation of fluorosilicone, by-product of phosphate fertilisers.

The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.5921 on 1 Dec., 2020, 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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