Price trend
This week, the PTFE market was mainly consolidating at a low level. According to the monitoring system of SunSirs, as of May 10th, the market price of PTFE suspended pellets remained around 35,000-50,000 RMB/ton.
Analysis review
Influencing factors:
Recently, the market for anhydrous hydrofluoric acid in the raw material market has risen, and the price of fluorite has continued to rise. The high cost side remains under pressure. As of May 10th, the benchmark price of hydrofluoric acid (export) for SunSirs was 14,150.00 RMB/ton, an increase of 2.54% compared to the beginning of this month (13,800.00 RMB/ton).
Downstream end: There was no favorable phenomenon in the downstream market, and there was insufficient purchasing sentiment, with on-demand procurement being the main focus. As of May 10th, the PTFE market was in a sustained downturn.
Market outlook
The PTFE analyst from SunSirs believes that in the short term, the prices of raw materials will support at high levels, downstream demand will be weak and continue to be sluggish, and the PTFE market will operate weakly and steadily.