Export tariff cancellation fluorine chemical industry boom can be improved
Classification:
Industry dynamics
Author:
FEP tube little sister
Source:
FEP tube little sister
Release time:
2016-04-25
Visits:
Recently, in the list of export tariff cancellations published on the website of the Ministry of Finance, the export tariff of hydrofluoric acid has been reduced from 10% to zero tariff, and the policy has been implemented since May 1. However, due to the peak demand season and low inventory in the industry, refrigerant products such as R22 and R125 have seen collective price increases. The industry expects that, driven by the peak demand season and the cancellation of export tariffs, the prosperity of the fluorine chemical industry is expected to improve.
The latest developments of domestic hydrofluoric acid manufacturers show that the quotations in April generally rose by 200 yuan/ton, and the retail transaction prices of some manufacturers increased by 400-500 yuan/ton, with the highest increase of nearly 8%. Due to the arrival of the downstream refrigerant demand season, manufacturers generally raise prices for sales. At the same time, the industry's operating load is low, the supply in the market only maintains demand, basically no inventory. The cancellation of the export tariff of hydrofluoric acid will further increase the export volume.
In terms of downstream refrigerants, the prices of R22 and R125 have also generally increased by 200~500 yuan/ton due to the peak demand season. In addition, according to the Montreal Protocol, China's refrigerant R22 production will be reduced by 10% in 2015 and by 67.5 in 2025, which is also conducive to reducing industry supply and improving the supply and demand pattern.
2015 is the first year of R22 official reduction. The Ministry of Environmental Protection issued a production quota of 274000 tons, down 11% from last year. The total demand of R22 is about 260000 tons, and the difference between supply and demand is 14000 tons. Compared with the difference of 19000 tons last year, there is a further narrowing trend. The above data indicate that the tight supply and demand pattern of R22 may continue in 2015, and R22 prices are expected to continue their upward trend.
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