Find Hot News in China Fluoride Materials Monthly Report 1312

Following are headline news of China Fluoride Materials Monthly Report:

HFO-1234yf enjoys a bright future

Several new progresses of the application of HFO-1234yf have been made and leading fluorine refrigerant enterprises have started expanding their production capacities of HFO-1234yf recently, indicating that HFO-1234yf enjoys a bright future.

Draft regulation on rational exploitation and utilization of fluorite issued

A draft regulation about "Three Rates" index of fluorite ore for the rational exploitation and utilization of this strategic mineral resource was issued by the Ministry of Land and Resources of China in late Oct. 2013.

Jiangsu Guotai terminates its LiPF6 project

Recently, Jiangsu Guotai has decided to terminate its LiPF6 project and cancel the registration of its subsidiary of Zhangjiagang Yayuan.

Do-Fluoride's LiPF6 business progressing smoothly

In Nov. 2013, several new progresses of Do-Fluoride's LiPF6 business were made, for instance, the second phase of its LiPF6 project was put into formal production, indicating that the company's LiPF6 business is progressing smoothly.

Shanghai 3F to cooperate with Solvay in fluoropolymer business

In Nov. 2013, Shanghai 3F has announced that it is going to cooperate with Solvay in the fluoropolymer business.

Domestic market situation of AlF3 was optimistic since Q3 2013

Domestic market situation of AlF3 has exhibited a sign of rebound in Q3 2013 and remains optimistic currently.

Quzhou City's fluorine & silicon industry enjoying a bright future

Quzhou City's fluorine & silicon industry has been fueled by the Chinese Government since 2012. This industry is developing well in Quzhou City, Zhejiang Province, as several new progresses have been made in R&D, construction and production here in Sept. and Oct. 2013.

Juhua Kailan's new LiPF6 project starts constructing

Xingfa Group's comprehensive utilization project goes into trial production

The first phase of Xingfa Group's comprehensive utilization project (including fluorine, iodine and silicon) has been put into trial production recently.

FECO releases an announcement about HCFC usage quotas of 2014

The new HCFC usage quotas of 2014 for China were approved and issued by FECO in Nov. 2013.

Domestic ex-works prices of most fluoride materials in Nov. 2013

Domestic ex-works prices of most fluoride materials in Nov. 2013

Import and export analysis of fluoride chemicals in China in Oct. 2013

Import and export analysis of fluoride chemicals in China in Oct. 2013

FECO releases an announcement about HCFC production quotas of 2014

The new HCFC production quotas of 2014 for China were approved and issued by FECO in Nov. 2013.

Dongyangguang Fluorine's new refrigerant project goes into production

Yonghe Fluorochemical's fluorine chemical project developing well

Thaihot Group's organic fluoride project to put into production in Q4 2013 

Market review of fluorite in the first three quarters of 2013

Domestic market situation of fluorite was poor in the first three quarters of 2013. However, a sign of rebound was exhibited in Q3 2013. It's estimated that the market situation will have a relatively stable growth in Q4 2013. 

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Find Hot News in Biomaterials China News 1312

Following are headline news of the latest issue of Biomaterials China News:

China's PLA import volume down while export volume up in Oct. 2013

In Oct. 2013, China's import and export volumes of PLA were approximately 536.3 tonnes and 71.4 tonnes respectively. The import volume decreased, while the export volume increased compared to Sept. 2013.

China's PVA market remains depressed in 2013

China's PVA market remains depressed in 2013.

BFA established by eight multinational companies

French companies starts bio-based butadiene program

China's import volume of castor oil and its derivatives increases in Oct. 2013

In Oct. 2013, China imported 22,679.6 tonnes of castor oil and its derivatives, with an average import price of USD1,233/t. The import volume increased while the import price recorded monthly declines from Sept. 2013.

China's import volume of fresh cassava increases sharply in Oct. 2013

China's import volume of fresh cassava and dry cassava reached 12,657.2 tonnes and 422,976.4 tonnes respectively in Oct. 2013.

Hainan's 100% biodegradable plastic program enters into operation

On Nov. 28, 2013, a plant that will manufacture 100% biodegradable plastic with a capacity of 1,800t/a was put into operation in Haikou City, Hainan Province. The plant is part of the first phase in a program that will produce 100% biodegradable plastic, which is expected to solve the problem of Hainan Province's "white pollution".

Jiangsu Jinhe signs a framework agreement about its straw-based plastic

In Nov. 2013, Jiangsu Jinhe signed a framework agreement worth USD325.4 million with the Chenghai District Government, Shantou City, Guangdong Province, to provide its straw-based plastic to the latter for the production of plastic toys that will be exported to Europe.

Kingfa's biodegradable plastic program receives a fund of USD162,700

On Nov. 15, 2013, Kingfa Sci & Tech Co., Ltd.'s program, the Research, Development and Industrialization of Completely Biodegradable High-performance Packaging Material was approved by the Science and Information Technology Bureau of Luogang District, Guangzhou City.

M&G Chemicals to build straw-based EG plant in China

On Nov. 18, 2013, M&G Chemicals announced that it will build a second-generation bio-refinery plant for the production of bio-based ethylene glycol in cooperation with Anhui Guozhen Group Co., Ltd. in Fuyang City, Anhui Province.

China's environmentally friendly tableware industry faces troubles in 2013

China's environmentally friendly tableware industry was negatively affected in 2013, since the NDRC decided to lift the ban on the disposable foam tableware from May 1, 2013.

Wuhan Huali's three products get the certifications of OK Biobased

Battelle develops new mobile device to produce bio-oil from biomass materials

Leading PA enterprises actively develop biological PA

The world's leading polyamide (PA) enterprises actively developed their biological PA products in 2013.

Sealed Air to produce mushroom-based packaging material at the end of 2013

China's biological SA industry has achieved some progress in 2013

In 2013, China's biological succinic acid (SA) industry has achieved some progress, with enterprises entering this industry or having produced biological SA products that successfully meet the producer's requirements.

China's castor oil price decreases continuously from May 2013

Domestic castor oil price has decreased continuously since May 2013, and is expected to continue the downtrend in Dec. 2013 and Jan. 2014. 

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Find Hot News in Fungicides China News 1312

Following are headline news of the latest issue of  Fungicides China News:

Ex-factory prices of main fungicides in China, Dec. 2013

FOB Shanghai prices of main fungicides in China, Dec. 2013

Shanghai Port prices of main fungicides in China, Dec. 2013

China's export volume of tebuconazole TC hits 4,591 tonnes in Q1-Q3 2013

China's export volume of tebuconazole technical hit 4,591 tonnes in the first nine months of this year, while the export volume of tebuconazole formulations was 3,322 tonnes in this period.

Lier Chemical may set up a pesticide formulation company

Lier Chemical, one of the leading pesticide technical producers in China, recently revealed that the company may set up a new subsidiary in the future for the development of its pesticide formulation business.

Rudong Zhongyi: the first domestic company to obtain cyazofamid TC registration

On Nov. 5, 2013, Rudong Zhongyi obtained the registration of cyazofamid TC, becoming the first domestic enterprise to obtain cyazofamid TC registration.

Demand for pesticides will decrease slightly in 2014

Pesticide packaging problems exist in China

Brazil's carbendazim registration suspension may hurt domestic industry

The MPF of Brazil recently filed a lawsuit to suspend the registrations of carbendazim-based fungicides in Brazil. As Brazil is the largest importer of China's carbendazim, this potential regulation in Brazil may hurt the domestic carbendazim industry.

Hailir approved to set up postdoctoral programme

China's fungicide TC output up by 9.34% year on year in first ten months

Scientific exchange between IAECAS and Hailir

Sipcam-Oxon promotes rice solutions in China

On Oct. 21-22, 2013, Sipcam-Oxon held a rice high-yielding forum & technical exchange of CROPTECH™ (tebuconazole•azoxystrobin) and SIPSTAR EXCEL® (flutolanil•azoxystrobin) in Kunshan City, Jiangsu Province, to promote its rice solutions.

Hunan Plant Protection Exchange & Trade Fair held in Changsha

On Nov. 14-15, 2013, the 20th Hunan Province Plant Protection Information Exchange & Pesticide and Sprayer Facilities Trade Fair was held in Changsha City, Hunan Province. Nine domestic and foreign enterprises were elected as the most influential enterprises in the 2013 Hunan market, including Sino Agri Leading Biosciences Co., Ltd. and DuPont Trading (Shanghai) Co., Ltd. Moreover, 20 varieties from 20 domestic and foreign enterprises, like 18% difenoconazole•propiconazol WG from Hunan Dafang Agricultural Chemicals Co., Ltd., became the most popular pesticides and sprayer facilities in the 2013 Hunan market.

Pest and disease control in Chinese medicine requires improvement

Huapont-Nutrichem aims for pesticide revenue to reach USD650.41 million in 2014

Huapont-Nutrichem will hasten the integration of its upstream and downstream industry chains and expand its international market, to ensure that its annual revenue in 2014 will reach USD650.41 million (RMB4 billion).

China's fungicide export and import volume records weak growth in Q3 2013

Both the export and import volumes of fungicide products in China recorded weak growth in Q3 this year, measuring 17,426 tonnes and 5,636 tonnes respectively, up by 1.12% and 3.95% year on year.

New development of controlling southern rice black-streaked dwarf virus

Southern rice black-streaked dwarf virus (SRBSDV) is a newly-discovered infectious disease affecting domestic southern rice producing regions in recent years. New research shows that the application of pymetrozine•thiamethoxam and dufulin has a good control effect on this disease.

Pythium oligandrum obtains first formal registrations in China

The first formal registrations of two pythium oligandrum products from Czech Biopreparaty Co. Ltd. were finally approved by the ICAMA in Sept. 2013.

Orient Group signs agreement on 10,000 mu land transfer with Heilongjiang government

Typhoon Haiyan causes serious damage to crops in Hainan 

Hangzhou Qingfeng fully resumes production 

24 fungicide technical registrations approved in China from July 2013 to Oct. 2013

From July 2013 to Oct. 2013, 24 fungicide technical registrations were approved in China, including 5 for azoxystrobin and 4 for thifluzamide. 

 

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China's ex-works price of citric acid undergoes downtrend, Sept.-Nov. 2013

According to data from CCM, the domestic ex-works price of citric acid underwent a downtrend during Sept.-Nov. 2013. In detail, the ex-works price of anhydrous citric acid decreased significantly from USD1,072/t in Sept. 2013 to USD909/t in Nov. 2013. Notably, it fell sharply with a month-on-month growth rate of -14% in Nov. As for the trend of the ex-works price of monohydrate citric acid was similar to that of anhydrous one during Sept.-Nov. 2013.

As early as June-Aug. 2013, manufacturers increased the ex-works price of citric acid several times due to the increasing product cost and the peak season of the drinks industry, which increases demand for citric acid after suffering losses due to the low price of citric acid in the first five months of 2013.

The decrease in the ex-works price of citric acid during Sept.-Nov. 2013 could be attributed to the following aspects:

First and most important, weak demand for citric acid. Compared with H1 2013, the ex-works price of citric acid remained high during Sept.-Oct. 2013 so that dealers had weak desire to purchase large amounts of this product. Besides, as entering the off season of drinks, the demand for citric acid from the beverage industry atrophied accordingly.

Additionally, China is the largest citric acid producer in the world, and the consumption of this product depends on the overseas market to a great extent. However, citric acid exports remained weak in this period. According to data from China Customs, the export volumes of citric acid were 51,425 tonnes in Sept. and 52,501 tonnes in Oct., 7,155 tonnes and 6,079 tonnes less than that in Aug. respectively.

Second, the decrease in the cost. As the supply of corn has been increasing since Oct. 2013, the market price of corn declined in Oct., and it fluctuated at a low level in Nov. 2013.

Moreover, under the current circumstance of citric acid overcapacity, in order to occupy more market share, manufacturers have carried out low price tactics during this period. Also, towards the end of 2013, manufactures have a strong desire to sell their stock of citric acid to get funds.

It is estimated that the ex-works price of citric acid will remain stable in Dec. 2013. Generally, the profitability of citric acid has been very low due to the decreasing sales price of this product. Plus, with downstream dealers willing to purchase citric acid for stock at its current lower price, it is unlikely that citric acid producers will decrease the price. However, winter is the traditional slack season of citric acid, so demand for it will still be limited, which will hardly drive up its price.

In the long term, citric acid will still face challenges in China, as its export volume may be affected by the European Union (EU)'s sunset review and midterm review investigations on China's citric acid, which started on Nov. 30, 2013 by the European Commission, in response to applications from SA Citrique Belge and Jungbunzlauer Austria AG. The midterm review investigation is mainly to survey the damage form in the anti-dumping measure. The Hs Codes of correlated products are 29181400 and ex29181500.

In Sept. 2007, the EU launched an anti-dumping investigation into China's citric acid, and in Dec. 2008, the EU issued its final ruling.

The Netherlands, Germany, Italy and Spain are the main EU destinations of China's citric acid. In 2012, China had exported 117,620 tonnes of citric acid to these four countries, accounting for 16% of the total export volume of domestic citric acid. 

If the EU rules to continue anti-dumping measures against China's citric acid during the implementation term of anti-dumping measures, it may have a negative influence on China's export of citric acid in the near future

Furthermore, the demand for citrate will also have a certain impact on the demand for citric acid, as it is a direct downstream product of citric acid and its consumption relies on the overseas market as well.

Similarly, the Netherlands, Germany, Belgium, Spain, Italy and Poland are also the main EU export destinations of China's citrate. Data from China Customs shows that in 2012, China had exported a total of 42,700 tonnes of citrate to these six countries, accounting for around 33% of China's total export volume of citrate.

Source: Corn Products China News issued by CCM in December.

Table of Contents of Corn Products China News 1312:

2013 annual review of China's corn products industry

China returns 120,000 tonnes of GM corn to the US again

Chinese corn products Imp. & Exp., Oct. 2013

China's inositol export value up but volume down, Jan.-Oct. 2013

Price update of corn products, Dec. 2013

China's ex-works price of citric acid undergoes downtrend, Sept.-Nov. 2013

China's ex-works price of lysine shows overall decline, Jan.-Nov. 2013

North China Pharmaceutical to compensate USD153 million for VC price fixing

Meihua Group commits to product development recently

Overview of new carbohydrate source—solid fructose-glucose

Applications of functional oligosaccharide in soybean products and collagen beverage

Nationwide government corn purchase for temporary reserve starts

2013/2014 minimum sugarcane purchase price in Guangxi decreased

About CCM

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For more information, please visit http://www.cnchemicals.com.

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TiO2 companies expand despite the market downturn

2014 is approaching, but the domestic TiO2 market is likely to remain in poor condition. The domestic rutile TiO2 price has declined by about 23% since July 2012 and most domestic producers have suffered a loss in 2013. Factors for the poor condition include the oversupply in domestic TiO2 market, the slowdown of China's economy which has caused the domestic TiO2 demand to decline, and the fragile economic recovery in Europe and the U.S that has resulted in soft TiO2 exports, according to Titanium China Monthly Report issued by CCM in December.

However, some domestic producers have increased their production capacity without regard for the current sluggish condition. This may be a wise strategy if the demand for TiO2 picks up in the future, but is full of risks.

Panzhihua Dongfang Titanium Industry Co., Ltd. (Dongfang Titanium), a subsidiary of Pangang Group, is reported to be planning to launch the pilot production for its second phase rutile TiO2 project with an additional production capacity of 60,000t/a in Dec. 2013. The first phase project, with a production capacity of 40,000t/a, was put into operation in 2009. The construction of the second phase project began in 2012, and still needs another investment of USD105.86 million (RMB650 million). The second phase production line is expected to be put into operation in June 2014 and will lift up Pangang Group's TiO2 production capacity to more than 120,000t/a.

CNNC Hua Yuan Titanium Dioxide Co., Ltd. (CNNC Titanium) also announced that it will raise about USD35.94 million (RMB220.70 million) for the technical reform project of Jinxing Titanium's existing 100,000t/a TiO2 after-treatment production plant and USD23.57 (RMB144.70 million) for the technical project of Wuxi Haopu's existing 50,000t/a rutile TiO2 fine-finishing production plant. CNNC Titanium was reverse merged by Jinxing Titanium in Jan. 2013. After the backdoor listing, CNNC Titanium's TiO2 production capacity has reached 100,000t/a. At the same time, CNNC Titanium claimed that Jinxing Titanium's after-treatment capacity will reach 200,000t/a and Wuxi Haopu's fine-finishing production capacity will reach 100,000t/a after the technical reform.

In late Nov. 2013, another listed company—Jilin GPRO Titanium Industry Co., Ltd. (GPRO Titanium) also plans to raise about USD142.38 million (RMB874.21 million) to construct its 80,000t/a TiO2 project. GPRO Titanium succeeded in its backdoor listing on July 26, 2013, and currently has a TiO2 production capacity of 45,000t/a in operation (please refer to GPRO Titanium succeeds in backdoor listing and starts trading since July 26, 2013 in Titanium Dioxide China Monthly Report 1308 for more details). The construction of the 80,000t/a TiO2 project began in Dec. 2012 and is projected to be completed in H2 2015. The plant will operate at 80% capacity after one year of operation.

Whether increasing the production capacity is wise still remains uncertain. However, listed companies can easily raise capital from the stock market to support an increase in production capacity. Under the existing stock market rules, most private investors who subscribe to non-public offering shares can easily profit by selling the shares to public stock market investors at a much higher price.

This phenomenon leads private investors to flock to listed companies' non-public offering shares, ignoring the fund-raising projects' profitability and any concerns about raising capital regardless of the market. As a result, listed companies have more opportunities to expand their production capacity than non-public companies when the market is declining.  Therefore, listed companies can attempt to expand and gain a greater market share with a mitigated risk of incurring a potential loss, while private investors can access the company and attempt to profit through the stock market.

Table of Contents of Titanium China Monthly Report 1312:

TiO2 import price declined slightly while the export price enjoyed a rare increase in Oct.

Titanium feedstock imports returned to normal while domestic production increased significantly

Domestic TiO2 price declined massively from mid-Nov. to mid-Dec.

TiO2 companies expand despite the market downturn

Domestic TiO2 price likely to keep steady in 2014

Luohe Xingmao starts the bidding on its second phase of chloride process TiO2 project

Tianyuan Group to enter the titanium industry for new growth point

Capchem plans to acquire Supe Chemical's 56.92% equities

Domestic automobile output is expected to reach 22 million units in 2013

Zhejiang Transfar to acquire Transfar Coating's 100% equity

Titanium Dioxide China Monthly Report, issued by CCM on 25^th, is mainly comprised of five columns of news and reports related to TiO2 market, including “Supply & Demand”, “Company Dynamics”, “Upstream”, “Downstream” and “Price Update”. You can find out more business opportunities through the latest and helpful information provided in the report.

About CCM

CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. 

For more information, please visit http://www.cnchemicals.com.

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Anhui Huaxing to set foot into natural gas business

On 2 Dec., 2013, Anhui Huaxing Chemical Industry Co., Ltd. (Anhui Huaxing) claimed that it has cosigned an agreement——Attaching condition precedent of Share Acquisition Contract with CEFC Shanghai Oil Group Co., Ltd. (CEFC Shanghai), Shanghai Daiwah Group International Trade Co., Ltd. (Shanghai Daiwah Group) and Dasheng Commercial Co., Ltd. (Dasheng Commercial) on 29 Nov., 2013.

The agreement stipulates that Anhui Huaxing will respectively non-publicly issue an additional 80 million shares, 180 million shares and 100 million shares to CEFC Shanghai, Shanghai Daiwah Group and Dasheng Commercial at the price of about USD1.00/share (RMB6.11/share). Anhui Huaxing will receive a total of USD358.83 million (RMB2.20 billion) from these three companies.

Before the deal, Anhui Huaxing's controlling shareholder is CEFC Shanghai with 60.78% stake, and its actual controllers are three natural persons, namely Su Weizhong, Zheng Xiongbin and Sun Ye. After the deal, Anhui Huaxing's controlling shareholder and actual controllers will not change. CEFC Shanghai will hold a 51.88% stake, but Shanghai Daiwah Group and Dasheng Commercial will become Anhui Huaxing's shareholder, with 11.55% and 6.41% stakes respectively.

If the deal is completed, Anhui Huaxing claimed that the raised funds will be used to supplement its liquidity after deducting the issuance cost. Anhui Huaxing will then use this liquidity to carry out the preparatory work for engaging in the natural gas business.

Specifically, Anhui Huaxing will invest huge funds into its wholly-owned subsidiary——CEFC Natural Gas (Shanghai) Co., Ltd. (CEFC Natural Gas) to enable it to engage in the natural gas business. Thus, CEFC Natural Gas will be able to carry out team building, qualification application, project bidding and cooperation negotiation, etc.

Notably, CEFC Natural Gas was not founded by Anhui Huaxing. Anhui Huaxing's   100% stake was freely transferred to Anhui Huaxing by its parent company——CEFC Shanghai on 12 July, 2013. When the 100% stake was transferred, CEFC Natural Gas's total assets and net assets both were about USD46,650 (RMB286,000), and its total liabilities was USD0.

Pesticides is Anhui Huaxing's main business at present, but natural gas will likely become Anhui Huaxing's other main business. In the natural gas sector, Anhui Huaxing's ultimate aim is to form a complete natural gas industry chain with upstream and downstream integration.

Regarding its permits and qualifications, Anhui Huaxing claimed that CEFC Natural Gas currently only holds the qualification for natural gas entrepot trade. However, CEFC Natural Gas is actively applying for other qualifications to carry out more business related to natural gas.

Anhui Huaxing plans to carry out the natural gas overseas entrepot trade business and import business, aiming to open up the international and domestic natural gas markets.

Anhui Huaxing intends to establish long-term and stable natural gas purchase relationships with oil companies located in the Middle East, North America, Central America, Central Asia, such as Israel National Oil Company, Petroleos Mexicanos, PetroKazakhstan, etc. Also, Anhui Huaxing intends to establish strategic cooperation relationships with some domestic large state-owned energy and power companies.

Anhui Huaxing intends to gradually set foot into the exploration of overseas natural gas, and to construct large-scale liquefied natural gas filling stations and storage warehouses domestically.

Source: Glyphosate China Monthly Report issued by CCM in December.

Table of Contents of Glyphsoate China Monthly Report 1312:

Sichuan Hebang to hold 90,000t/a PMIDA capacity

Anhui Huaxing to set foot into natural gas business

Shandong Binnong ranks sixth in 2013 China's Top 100 Pesticides Manufacturers List

Nutriechem tops 2013 China's Top 100 Pesticides Manufacturers List

Why should we be bullish on glyphosate-from supply perspective

Why should we be bullish on glyphosate-from demand perspective

Why should we be bullish on glyphosate-from inventory perspective

Nine glyphosate registrations in Nov. 2013

Glyphosate price declines in Dec. 2013

Export volume of glyphosate technical decreases by 16.66% in Oct. 2013

Shanghai 3F to cooperate with Solvay in fluoropolymer business

According to China Fluoride Materials Monthly Report 1312 issued by CCM,on Nov. 15, 2013, Shanghai 3F New Materials Co., Ltd. (Shanghai 3F) released an announcement about its cooperation with Solvay Group (Solvay). According to the announcement, Shanghai 3F has signed a memorandum of understanding (MOU) with Solvay Specialty Polymers Italy Spa (Solvay SP) on Nov. 13, 2013, including the cooperation of long-term supply of chemical monomers to Solvay SP and setting up a joint venture with Solvay.

The main clause s of the MOU is as follows. Firstly, Shanghai 3F or its subsidiaries shall supply chemical monomers, such as chlorodifluoroethane (R142b), hexafluoropropylene (HFP) and chlorotrifluoroethene (CTFE) to Solvay SP in a long term. Secondly, Shanghai 3F and Solvay will set up a joint venture to produce tetrafluoroethylene (TFE) and polytetrafluoroethylene (PTFE) in Changshu City, Jiangsu Province, whose registered capital will reach USD53.70 million. Thirdly, Shanghai 3F will hold 80% stake in the joint venture, while Solvay will hold the remaining 20% stake.

Meanwhile, Shanghai 3F expressed that the cooperation with Solvay would help the company obtain complementary advantages of resource and production technology. On one hand, it could promote the existing products' upgrading, increase the profitability and R&D capacity with the aid of advanced foreign technology through the cooperation. On the other hand, many domestic securities companies also forecast that Shanghai 3F's fluoropolymer business will be improved during its medium and long term development, since it may obtain the production capability of high-end PTFE through the cooperation, and domestic market of high-end PTFE will be quite profitable and promising in the future.

By the way, Solvay SP is a subsidiary of Solvay, located in Milano, Italy. The registered capital of this company reaches USD511.65 million. Besides, this company is mainly engaging in the R&D, production and marketing of chemical products and high performance specialty polymers.

Apart from Solvay, Shanghai 3F also cooperated with two other international leading chemical enterprises in fluoropolymer business in the past, namely, DuPont Company (DuPont) and Arkema Group (Arkema). The cooperation with DuPont mainly involved joint venture and production, while the cooperation with Arkema was about equity transfer.

In 2007, in order to supply TFE to DuPont (Changshu) Fluoro Technology Co., Ltd. (DuPont Changshu) for PTFE production, Shanghai 3F set up a TFE plant in Changshu City. Moreover, in Sept. 2011, Shanghai 3F and DuPont China Holding Co., Ltd. (DuPont China) signed a letter of intent about setting up a joint venture to produce PTFE and fluorinated ethylene propylene (FEP) in Changshu City.

In Dec. 2012, Shanghai 3F decided to transfer 5% equity of its subsidiary—Changshu 3F Fluorine Industry Co., Ltd. (Changshu 3F) to Arkema Asie Sas, a subsidiary of Arkema. Meanwhile, Arkema Asie Sas paid USD4.48 million for the equity. The main purpose of the transfer was to obtain international leading management experience and production technology from Arkema to improve Changshu 3F's product structure.

Table of Contents of China Fluoride Materials Monthly Report 1312:

1. Market review of fluorite in the first three quarters of 2013

2. Draft regulation on rational exploitation and utilization of fluorite issued

3. FECO releases an announcement about HCFC production quotas of 2014

4. FECO releases an announcement about HCFC usage quotas of 2014

5. HFO-1234yf enjoys a bright future

6. Domestic market situation of AlF3 was optimistic since Q3 2013

7. Xingfa Group's comprehensive utilization project goes into trial production

8. Quzhou City's fluorine & silicon industry enjoying a bright future

9. Shanghai 3F to cooperate with Solvay in fluoropolymer business

10. Do-Fluoride's LiPF6 business progressing smoothly

11. Jiangsu Guotai terminates its LiPF6 project

12. Import and export analysis of fluoride chemicals in China in Oct. 2013

13. Domestic ex-works prices of most fluoride materials in Nov. 2013

14. Thaihot Group's organic fluoride project to put into production in Q4 2013

15. Yonghe Fluorochemical's fluorine chemical project developing well

16. Dongyangguang Fluorine's new refrigerant project goes into production

17. Juhua Kailan's new LiPF6 project starts constructing

China Fluoride Materials Monthly Report, a monthly publication issued by CCM on 20^th, covers the sectors on policy & legislation, company dynamic, supply & demand, price update, etc. of China’s fluoride material market. You can keep pace with the latest dynamics through its timely, complete and professional report.