In July 2016, Bicon expected its LiPF6 project to go into trial production in Dec. As new production facilities will be successively put into operation, the tight supply will be eased in 2017 and the market competition will be intensified.
In July 2016, Shanghai 3F announced to continue suspending the stock trading for key assets reorganisation. In addition, it noted that the pre-proposal for the reorganisation would not be released before 13 Aug., impacted by the on-going collection of share transferees and the government examination.
In July 2016, China called for a thorough overhaul of mined-out areas in subsurface metal and nonmetal mines around the country, and requested that complete records of said areas be kept. This new regulation also pertains to fluorite ore, the most upstream product of the fluorochemical industry. The regulation will not only restrict the disorganised mining activities of small- and mid-sized ore manufacturers, but also help to promote an environmentally friendly mining technology, cut-and-fill mining.
In July 2016, the FECO unveiled the latest details of HCFCs production quota transactions, showing that China Fluoro and Zhejiang Sanhuan had sold their entire production quota, and that Jiangsu Meilan, impacted by rectifications, had sold some of the effected quotas.
In July 2016, Juhua Group's 2nd-tier subsidiary, Zhejiang Quhua, obtained a US patent for "A Preparation Method for HFO-1234yf". In light of the supply agreement signed by Juhua Group and Honeywell, the group is predicted to accelerate the industrialisation of HFO-1234yf.
In June 2016, China's AHF price stopped rising and turned to fall, impacted by weakened demand and price competition (for shipment). CCM predicts that in the short run, it may decline further.
In June 2016, China's HFC-125 price continued rising. However, in light of the gradually decreasing prices of raw materials and the coming slack season for downstream refrigeration and air-conditioning industry, CCM believes that it is hard to maintain the growth in future.
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