Summary: The completion information of the PVDF project (phase II) of Hubei Fluorine was publicised in mid-May 2024.
On
11 May, 2024, the completion information of the 25,000 t/a
polyvinylidene fluoride (PVDF) production line and support facility
project (phase II) of Hubei Fluorine New Materials Co., Ltd. (Hubei
Fluorine) was disclosed. This project, with a total investment of
USD169.03 million (RMB1.20 billion), is located in Qianjiang Economic
Development Zone, Qianjiang City, Hubei Province. The main product of
this project is PVDF. This project is divided into two phases and the
first phase was completed and entered trial production in July 2022.
The
first phase project contains capacity of 12,500 t/a PVDF, 13,500 t/a
vinylidene fluoride (VDF), and by-products of 22,500 t/a
difluorochloroethane (R142b), 81,250 t/a hydrochloric acid, 3,375 t/a
sodium hypochlorite, and 625 t/a off-grade PVDF; the second phase
includes 12,500 t/a PVDF, 13,500 t/a VDF, and by-products of 22,500 t/a
R142b, 81,250 t/a hydrochloric acid, 3,375 t/a sodium hypochlorite, and
625 t/a off-grade PVDF.
In
2021, when Hubei Fluorine handled relevant approval procedures of this
project, market demand for battery grade PVDF was large and China's new
energy vehicle market also developed rapidly, with numerous projects of
Li-ion battery materials being established. In 2023, the Li-ion battery
material industry encountered overcapacity after the projects, including
PVDF projects, established in 2021 were put into production. As of
April 2024, prices of Li-ion battery grade PVDF reached USD9,219.79/t
(RMB65,455/t), down by around 90% compared with the highest price of
USD8,4514.18/t (RMB600,000/t). PVDF demand from downstream industry may
barely improve and prices are likely to keep at a low level in the
future as new energy vehicle demand weakens and market shares of battery
electric vehicles decrease.
Source:CCM
More information can be found at CCM Fluoride Materials China Monthly Report.
About CCM:
CCM is the leading market intelligence provider for China's agriculture, chemicals, food &
feed and life science markets. Founded in 2001, CCM offers a range of
content solutions, from price and trade analysis to industry newsletters
and customized market research reports. CCM is a brand of Kcomber Inc.
For more information about CCM, please
visit www.cnchemicals.com or get in touch with us directly by emailing
econtact@cnchemicals.com or calling +86-20-37616606.