IOL Fluorine Chemical Weekly Report: Refrigerant Market Supply and Demand Remain in Tight Balance, Fluorinated Polymer Market Stabilizes Amid Pressure

Refrigerant: Factories are reluctant to sell, leading to a steady rise in prices, with tight supply-demand dynamics for certain products driving price hikes
This week, the refrigerant market exhibited a strong reluctance to sell, with tight supply-demand dynamics and price increases for certain products. Key market characteristics during the week: As the Spring Festival holiday approached, industry production rates remained low, and some factories planned shutdowns during the holiday period. Despite overall subdued trading activity and procurement driven primarily by essential needs, manufacturers maintained a firm stance on price hikes due to their reluctance to sell. The upstream raw material market experienced consolidation, with prices fluctuating narrowly. On the demand side, the steady development of core downstream sectors such as air conditioning, automotive, and cold chain logistics provided solid support for refrigerant demand. Additionally, the explosive growth in refrigerant demand from emerging fields like AI liquid cooling will further benefit the market. Overall, the upcoming Spring Festival holiday will lead to reduced trading activity in both domestic and international markets. However, the continued tight supply-demand balance will sustain market sentiment of firm price maintenance, with expectations of sustained high-level performance in the near term.

Fluorinated polymers: Insufficient effective demand, mainstream products maintain pressure stability
This week, the fluoropolymer market faced insufficient effective demand, with mainstream products maintaining stable operations under pressure. On the cost side, upstream raw materials and monomer prices showed weak growth, providing steady cost support for the entire PVDF, PTFE, and FEP product lines but failing to drive price increases. On the supply side, leading manufacturers operated at high capacity rates, with increased maintenance periods around the Spring Festival, which is expected to alleviate supply-demand imbalances through reduced-load production across the industry. On the demand side, traditional sectors such as chemical corrosion protection, automotive and transportation, machinery and industrial manufacturing, and national defense showed stable demand, while emerging fields like new energy, semiconductors, healthcare, aerospace, environmental engineering, AI, and data centers did not exhibit significant explosive growth. By product category, mainstream product quotations remained stable, with factory and downstream procurement prices holding steady at current levels. Short-term market sentiment was cautious, and the fluoropolymer supply chain is expected to maintain this price level around the Spring Festival.

Weekly News

01Announcement of Zhongke Fluorine Source's Annual Production of 100000 Tons of Perfluorinated Immersion Coolant Project
On January 23rd, Zhongke Fuyuan (Ya'an) Technology Development Co., Ltd. announced the publication of the "Water and Soil Conservation Plan Report for the Annual Production of 100000 Tons of Immersion Coolant Preparation Project". The project is located north of Qingjiang Road and west of Yongxing 5th Road in Ya'an Economic and Technological Development Zone, Mingshan District, Ya'an City, Sichuan Province, with a total investment of 10.6 billion yuan. The project construction mainly consists of single story factory buildings, warehouses, and multi story public buildings. Four sets of 25000 t/a perfluorinated coolant production lines are planned, with an annual output of 100000 tons of perfluorinated immersion coolant. The project construction mainly consists of single story factory buildings, warehouses, and multi story public buildings. Four sets of 25000 t/a perfluorinated coolant production lines are planned, with an annual output of 100000 tons of perfluorinated immersion coolant.

02Zibo Feiyuan 25000 tons/year mixed refrigerant technology renovation project public announcement
Recently, the Ecological Environment Bureau of Zibo City accepted the environmental impact assessment documents for the 25000 tons/year mixed refrigerant technology renovation project of Zibo Feiyuan Chemical Co., Ltd. and made them public. The project plans to invest 1.9 million yuan, adding 25000 tons/year of mixed refrigerant production capacity on the basis of the original 12000 tons/year mixed refrigerant production capacity. R410A has a production capacity of 13000 tons/year, R407C has a production capacity of 0.3 million tons/year, R404A has a production capacity of 0.3 million tons/year, and R507A has a production capacity of 0.6 million tons/year, ultimately forming a production capacity of 37000 tons/year mixed refrigerant products.

03Inner Mongolia Mingsheng Chemical Fluorinated Fine Chemicals Project Filing Passed
Recently, the fluorine-containing fine chemical industry chain construction project of Inner Mongolia Mingsheng Chemical Co., Ltd. has been approved for filing after being reviewed by the Development and Reform Commission of Urad Rear Banner, which meets the industrial policies and market access standards. The project has an investment of 2069936700 yuan and plans to construct production facilities for 50000 tons/year of hydrogen fluoride (AHF), 9000 tons/year of chlorotrifluoroethylene, 9000 tons/year of ethanol trifluoroethanol, 15000 tons/year of trifluoroacetic acid, 1000 tons/year of ethyl trifluoroacetate, 1000 tons/year of trifluoroacetic anhydride, 70000 tons/year of chloromethane, 1000 tons/year of trifluoromethanesulfonic acid, and 20000 tons/year of electronic grade hydrofluoric acid. The construction period is from March 2026 to March 2028.

04Haisifu Perfluoropolyether Technical Renovation Project Expected to Trial Production in June
On January 26th, the draft of the Environmental Impact Assessment Report for the Technical Renovation Project of the Perfluoropolyether Production Line of Sanming Haisifu Chemical Co., Ltd. was publicly released for comments. In order to adapt to market demand and product updates, the project has invested 750000 yuan and plans to renovate the existing perfluoropolyether production line in Workshop 8 of Factory 2. This will further expand the industrial chain and enhance the company's market competitiveness. According to the report, the project is planned to be put into trial production in June 2026.