On December 31, the Gansu Provincial Department of Ecology and Environment issued an announcement regarding the approval decision for the environmental impact assessment documents of the high-performance fluorochlorine new materials integration upgrade project of Gansu Juhua New Materials Co., Ltd. The project includes the addition of 21,000 t/a of hexafluoropropylene (HFP) capacity, the construction of two new units to achieve an annual production capacity of 20,000 tons of 2,3,3,3-tetrafluoropropene (1234yf), the addition of two new units to achieve an annual production capacity of 15,000 tons of 2,3,3,3-tetrafluoropropene (1234yf), and the addition of three new units to achieve an annual production capacity of 100,000 tons of chloromethane.
PriceSeek's analysis of fluorite, with a bullish-bearish rating of 1.5:
Gansu Juhua's new capacity additions for hexafluoropropylene (HFP) and 2,3,3,3-tetrafluoropropene (1234yf) total approximately 56,000 tons per year, which will directly increase the demand for the upstream raw material, fluorite. As a core bulk commodity in the fluorochemical industry chain, the increased demand for fluorite is expected to tighten supply in the spot market, supporting price increases. While the scale of the new capacity is significant, attention must be paid to the overall market supply-demand balance. Therefore, the rating is moderately bullish (+1.5).
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