SunSirs: This Week, the PTFE Market Operated Weakly and Steadily (May 20-24)
May 30 2024 15:40:38 SunSirs (John)
Price trend
This week, the PTFE market maintained stable operation. According to the monitoring system of SunSirs, as of May 24th, The market price of PTFE suspended particles remained around 35,000-50,000 RMB/ton.
Analysis review
On May 24th, the price trend of domestic hydrofluoric acid market remained temporarily stable, with stable operation of on-site equipment and normal supply of goods. Recently, the market for anhydrous hydrofluoric acid had risen, and the price of fluorite had continued to rise. The high cost side remained under pressure. As of May 24th, the benchmark price of hydrofluoric acid (export) of SunSirs was 14,150.00 RMB/ton, an increase of 2.54% compared to the beginning of this month (13,800.00 RMB/ton). The benchmark price of fluorite in SunSirs was 3,806.25 RMB/ton, an increase of 3.57% compared to the beginning of this month (3,675.00 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 24th, 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.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
