Fluorine chemical: terminal does not yield incremental improvement in fundamentals of anhydrous hydrofluoric acid for the time-Iota

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News > Dynamic industry > Fluorine chemical: terminal does not yield incremental improvement in fundamentals of anhydrous hydrofluoric acid for the time

Fluorine chemical: terminal does not yield incremental improvement in fundamentals of anhydrous hydrofluoric acid for the time

Anhydrous hydrofluoric acid in China nearly 80% of supply to digest in the refrigerant market. As the main consumption areas, since 2014, affected by the weakness of the real economy, real estate regulation, the industry operating rate has been in the median level of 50% under a narrow range of shock. In the terminal industry operating rate so low before, hydrofluoric acid is cornered.
Dilemma one: the higher production capacity
Up to 2015, annual capacity of anhydrous hydrofluoric acid in China to 224 million tons of high level, but the industry as a whole is started by the impact of shrinking demand, all the year round in six or seven levels, domestic large capacity facing embarrassing situation. In 2014, China's annual production capacity of only 1160000 tons of anhydrous hydrofluoric acid, the vacancy rate of almost half of industry production. In 2015 after the Spring Festival, the anhydrous hydrofluoric acid enterprises control and long-term parking phenomenon began to increase and overwhelmed by all sorts of behind is must face the test of excess capacity in the industry.
Dilemma two: for the profits of the space ship caused by continuous decline in profits
Outside removing industry started affected severely inhibited, anhydrous hydrofluoric acid Market in China's gross profit space is declining, the net profit is most of the time at a loss of state. Production enterprises to snatch the shrinking demand "cake", shipped bid pattern repeats, the seller market pricing right to speak seriously lacking. Since 2014 macro economic surface coupled with weak loan difficulty increases, anhydrous hydrofluoric acid production flow of funds of the enterprises face greater pressure, coupled with the surface of profits fell sharply, enterprises operating pressure, some manufacturers choose long-term parking and even a career change.
The relationship between supply and demand for the relaxation time
Key point is the lifeblood of the anhydrous hydrofluoric acid price supply and demand. In recent years, the refrigerant industry in China in the year of the growth rate of more than 20%, the output growth rate in 2015 was a negative growth rate. Terminal market does not yield increment showed that China's rapid expansion of anhydrous hydrofluoric acid production is faced with the embarrassment of a serious imbalance between supply and demand.
Twelfth five year plan requirements, to 2015, the total production capacity of hydrogen fluoride control in 1600000 tons / year, the output of about 1100000 tons. Analysts expect under the serious overcapacity and the policy of repression, within the next five years anhydrous hydrofluoric acid production capacity of new phenomenon will be very few. The refrigerant market with the recovery of the real economy, future production growth expected stronger, our hydrofluoric acid industry the fundamentals of supply and demand in the future for a long period of time is expected to turn for the better price out of the bottom for the time.

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