IOL Fluorochemical Weekly Report: Refrigerant Market Continues Supply Demand Balance, Popular Products Continue to Explore Rise

One week market
Refrigerant: Factory utilizes off-season equipment maintenance to maintain short-term supply-demand balance and continue
This week, the refrigerant market continued to maintain supply-demand balance, mainstream product prices remained stable, and popular products continued to explore upward trends. Market characteristics during the week: Due to the downstream air conditioning industry entering a low season of production, the demand for refrigerants in the pre-sales market has significantly decreased compared to the previous period. As a result, there has been an increase in maintenance of refrigerant factories, which has taken the opportunity to digest inventory; The relatively stable demand for foreign trade exports is an important reason supporting the current market stability. In addition, since entering the second half of the year, refrigerant prices have remained firm, and some wait-and-see customers have gradually converted to actual demand. Coupled with the still acceptable demand from air conditioning factories, automobile factories, and foreign trade exports, the short-term refrigerant market supply and demand balance continues. Overall, the strong domestic production and sales in the first half of the year have driven the market to maintain stability and explore price increases. In the second half of the year, with the consumption of quotas and good demand for foreign trade, product prices will continue to maintain stability and explore price increases.

Fluorinated polymers: severe overcapacity, traditional products with low, medium, and high-end prices chaotic
This week, the market for fluoropolymers has been uneven in terms of temperature and heat. High end factories have strong quotations, with stable but rising prices. The supply base for mid to low end applications is large, and there is inventory waiting to be digested. Factories have a strong willingness to reduce production and maintain prices, and trading prices remain stable at the bottom. Market characteristics of the week: On the supply side, top enterprises rely on their supply chain advantages, product quality advantages, and scale advantages to resist industry fluctuations and maintain a balance between production and sales. Cost side: The prices of basic raw materials such as fluorite, hydrogen fluoride, chloroform, etc. are stagnant at the cost line level, and short-term cost fluctuations are not significant, which has a very limited impact on product prices. On the demand side, the trend of diversified demand growth is clear. In addition to the "new three" of lithium batteries, photovoltaics, and semiconductors, the demand for fluoropolymers is showing a rapid growth trend in the following fields. The proportion of applications in emerging fields such as hydrogen energy, biomedicine, 5G communication, environmental protection and energy conservation, and aerospace has increased from 15% in 2020 to over 30%, becoming the second growth curve after new energy. In the face of market competition, production enterprises pay more attention to the research and development of high-end brands, cross industry certification (such as semiconductor and medical GMP certification), and optimize the industrial chain to strengthen integration and collaboration. Recently, the application of PEEK material in robots has received high attention in the industry; Popular products for liquid cooled servers, such as fluorinated liquids, perfluoropolyethers, and hydrofluoroethers, continue to be popular.

This Week

01Yonghe Group's net profit surged by 140.82% in the first half of the year, with refrigerant business as the core of growth
On the evening of August 11th, Yonghe Group released its semi annual report for 2025. During the reporting period, the company achieved a revenue of 2445479200 yuan, a year-on-year increase of 12.39%; The average gross profit margin was 25.29%, an increase of 7.36 percentage points compared to the same period last year; Realize a net profit attributable to shareholders of the listed company of 271.364 million yuan, a year-on-year increase of 140.82%; The net profit attributable to shareholders of the listed company after deducting non recurring gains and losses was 267.7118 million yuan, a year-on-year increase of 152.25%. The main driving factors include the refrigerant sector benefiting from quota policy regulation, continuous optimization of supply and demand structure, and year-on-year increase in product prices.

02Hubei Wengfuhaiyu Anhydrous Hydrogen Fluoride Project Landing in Zhongxiang, Hubei
Signed on August 7th and laid the foundation on August 8th! The Hubei Wengfuhaiyu anhydrous hydrogen fluoride project has officially landed in the Huji Fine Chemical Industrial Park. This project is jointly built by two leading enterprises in the field of phosphorus chemical industry - Wengfu Group and Dayukou Company under China National Offshore Oil Corporation. The total investment of the project is 410 million yuan, and the first phase will construct 20000 tons/year high-purity anhydrous hydrogen fluoride and 20000 tons/year electronic hydrofluoric acid units. After the first phase of the project is completed and put into operation, the average annual sales revenue is about 210 million yuan, and the tax payment is about 40 million yuan.

03The latest achievement of Tianjin University team published in Nature can improve the energy and endurance of lithium batteries by 2-3 times
On August 13th, the top international journal Nature published the latest research results of the Tianjin University team online under the title "Design of Off Domain Electrolytes to Achieve a Breakthrough of 600Wh/kg in Secondary Lithium Metal Soft Pack Batteries". This study breaks through the bottleneck of traditional lithium-ion batteries in terms of energy density and application performance, pioneering the design concept of "delocalization" of lithium metal battery electrolytes. For the first time internationally, a soft pack battery cell with an energy density exceeding 600 watt hours/kg and a module battery with an energy density of 480 watt hours/kg have been developed, with performance indicators 2-3 times higher than those of existing lithium-ion batteries in terms of energy density and endurance.

04Heisifu and Haidefu fluorine chemical projects are steadily advancing
On August 13th, Xinzhoubang responded on the public investment platform: Currently, in addition to the already put into operation Heisifu high-end fluorine fine chemical project (Phase II) and Haidefu high-performance fluorine material project (Phase I), Heisifu's 30000 ton high-end fluorine fine chemical project and fluorine new material research center, Haidefu's annual production of 5000 tons of high-performance fluorine material project (Phase 1.5) and other construction projects are all in a steady progress stage. The company will further enhance the competitiveness and profitability of the organic fluorine sector in the future.