SunSirs: The PTFE Market Remained Stable This Week (April 15-18)
April 19 2024 14:24:31 SunSirs (John)
Price trend
The PTFE market remained stable this week. According to statistics from SunSirs, as of April 18th, 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 had a strong bullish sentiment. Downstream demand was weak, with rigid procurement being the main focus. As of April 18th, 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 18th, the benchmark price of SunSirs R22 was 24,833.33 RMB/ton, an increase of 2.76% compared to the beginning of this month (24,166.67 RMB/ton).
Downstream side: 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 and downstream demand was weak, the PTFE market will remain stable in the near future.
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