Price trend

The PTFE market remained stable and declined in May. According to the monitoring system of SunSirs, as of May 31st, the benchmark price of PTFE in SunSirs was 43,000.00 RMB/ton, a decrease of 1.53% compared to the beginning of this month (43,666.67 RMB/ton).

Analysis review

Influencing factors:

Raw material side: High market prices were under pressure, and production enterprises had thin profits. According to the monitoring of the commodity market analysis system of SunSirs, the benchmark price of hydrofluoric acid in SunSirs was 11,620.00 RMB/ton, which was unchanged from the beginning of this month. The operation of hydrofluoric acid plants had not changed much, and some manufacturers of hydrofluoric acid had accumulated inventory. The mainstream price of hydrofluoric acid negotiated in various regions of China was 11,200-11,700 RMB/ton, and there were still units waiting for market shutdown. The spot supply of hydrofluoric acid was normal, and the operation of anhydrous hydrofluoric acid was about 60%. The overall domestic hydrofluoric acid price trend remained stable in May.

Downstream: 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 31st, the PTFE market was in a sustained downturn.

Market outlook

The PTFE analyst from SunSirs believes that in the short term, the high prices of raw materials will support, downstream demand will be weak and continue to be sluggish, and the PTFE market will operate weakly and steadily.

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