SunSirs: The PTFE Market Was Weak and Stable This Week (March 18-22)
March 27 2024 11:02:58 SunSirs (John)
Price trend
This week, the PTFE market continued to operate weakly and steadily. According to statistics from SunSirs, as of March 22nd, the market price of PTFE suspended pellets remained around 37,000-50,000 RMB/ton.
Analysis review
Raw material side: The market price of R22 on the raw material side was stable, but the price remained high, with no positive stimulus for the time being. According to the Commodity Market Analysis System of SunSirs, as of March 22, the benchmark price of SunSirs R22 was 24,166.67 RMB/ton, an increase of 2.11% compared to the beginning of this month (23,666.67 RMB/ton).
Downstream side: 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 March 22, the PTFE market was in a situation of strong supply and weak demand.
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 the wait-and-see sentiment will be strong, resulting in a weak and stable operation of the PTFE market.
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