2014-01-24 13:31:03 - China Fluoride Materials Monthly Report 1309 - a new market research report on companiesandmarkets.com
In Aug. 2013, domestic average ex-work prices of most fluoride materials continually reduced. However, several fluorine chemical products´ prices rebounded a little after several months´ fall. For instance, domestic price of dry AlF3 in Aug. 2013 was USD1,172/t, increasing by 1.03% compared with that in July 2013, when it stood at about USD1,160/t. Actually, it ended six months fall since Feb. 2013 when the price was USD1,238/t. In addition, domestic price of R32 in Aug. 2013 also increased by 1.21% month on month.
According to the semi-annual reports of Do-Fluoride Chemicals Co., Ltd. and Shanghai 3F New Materials Co., Ltd., both of them suffered a sharp drop of net profit in H1 2013. For instance, 3F achieved revenue of USD243.70 million
in H1 2013, down by 6.03% year on year. Meanwhile, the net profit of it reached USD2.38 million, a shocking YoY fall of 83.85%. In addition, the net profit of Do-Fluoride in H1 2013 was only USD0.54 million, a huge YoY fall of 92.08%.
Concerning company dynamics, Juhua Group will put its LiPF6 project with a capacity of 300t/a into production at the end of 2013, according to Tian Zhiyang, the executive manager of chemicals division of Juhua Group Corporation (Juhua Group) in Aug. 2013. Moreover, Shandong Huaan New Material Co., Ltd. is going to invest USD2.43 million in constructing VDF and PVDF production devices with respective capacity of 8,600t/a and 8,000t/a.
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