LONDON, Oct. 26, 2016 /PRNewswire/ -- In July 2016, China's fluorochemical market went down: prices of fluorine-enriched refrigerants stopped increasing and turned to be stable; prices of AHF, AlF3 and PTFE showed declines.
CCM particularly paid attention to HFCs industry which is facing dumping crisis. Specifically,
- The USDC definitively confirmed the dumping of HFCs from China. Whether to levy high anti-dumping duties or not relies on the USITC's final ruling on "injury margin" in Aug.
- India continued imposing USD1.22/kg anti-dumping duty on HFC-134a from China, for another 5 years (to end in July 2021)
In addition, Shanghai 3F announced to continue stock trading suspension, because of key assets reorganisation: its controlling shareholder Shanghai Huayi decided to transfer its 89,388,381 shares to an independent 3rd party.
CCM attributed such a transfer to Shanghai 3F's fairly poor financial performances in recent years. In light of its fluorochemical business capability, if a peer company can take the stake, it will become a giant player and have a say about pricing in the industry.In late June 2016, the USDC made the final affirmative ruling on anti-dumping case of HFCs produced in China. In Aug., the USITC would finally determine the "injury margin" caused by HFCs dumping on the local industry, to decide whether to levy high anti-dumping duties.
In July 2016, Do-Fluoride, which has always marched forward courageously on the way for alternative energy business expansion, chose to rationally yanked the cord – it stopped the acquisitions of Yuhang Bus and Zhongdao Energy.
In July 2016, Zhejiang Juhua approved the proposal of its fully-owned subsidiary, Quzhou Juxin, to contract its HFC-125 technological reconstruction project out to Juhua Group's engineering company alliance, based on EPC mode. This is beneficial to saving construction costs, guaranteeing construction quality and accelerating the construction progress. All this will enable Zhejiang Juhua to seize market opportunities in a timely fashion.
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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