SunSirs: The PTFE Market Had Been Operating Steadily This Week (April 8-11)
April 12 2024 11:20:30 SunSirs (John)
Price trend
This week, the PTFE market maintained stable operation. According to statistics from SunSirs, as of April 11th, the market price of PTFE suspended particles remained around 36,500-50,000 RMB/ton.
Analysis review
Raw material side: The market price of R22 raw material side remained stable, with high costs under pressure, and companies have a strong bullish sentiment. Downstream demand was weak, with rigid procurement being the main focus. As of April 11th, there was sufficient inventory, mainly focused on digesting inventory. Enterprises still had a wait-and-see mentality, and the market fluctuations were not significant. According to the Commodity Market Analysis System of SunSirs, as of April 11th, the benchmark price of R22 from SunSirs was 24,833.33 RMB/ton, an increase of 2.76% compared to the beginning of this month (24,166.67 RMB/ton).
Downstream end: Downstream demand was weak, with rigid procurement as the main focus, and enterprises still had a wait-and-see mentality.
Market outlook
SunSirs' PTFE analyst believes that the high prices of raw materials supported weak downstream demand, and the PTFE market will operate steadily in the near future.
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