SunSirs: This Week, the Hexafluoropropylene Market Experienced a Weak Downturn (April 15-18)
April 19 2024 14:27:02 SunSirs (John)
Price trend
Recently, the market price of hexafluoropropylene had shown a weak downward trend. Downstream demand was cold and procurement was not active, so there was temporarily no good news. According to the data monitoring system of SunSirs, as of April 18th, the benchmark price of hexafluoropropylene in SunSirs was 36,250 RMB/ton, a decrease of 0.34% compared to last weekend. On April 16th, some leading enterprises lowered their prices by 500 RMB/ton.
Analysis review
Raw material side: High market prices were under pressure, and production enterprises had thin profits. Recently, the domestic anhydrous hydrofluoric acid market had remained stable. As of the 18th, the market price of hydrofluoric acid was 13,800.00 RMB/ton, an increase of 8.88% compared to the beginning of this month (12,675.00 RMB/ton). The domestic fluorite market had remained stable this week, with an average price of 3,550.00 RMB/ton as of the 18th, an increase of 3.46% compared to the beginning of this month (3,431.25 RMB/ton).
The downstream market was relatively quiet, with poor demand, and mainly maintained purchasing on demand.
Market outlook
SunSirs' hexafluoropropylene analyst predicts that due to the recent high cost support of hexafluoropropylene, downstream market demand was poor, and on-demand procurement affected. It is expected that the hexafluoropropylene market will operate weakly and steadily in the near future. More attentions should be paid to market news guidelines.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-12 SunSirs: The Hexafluoropropylene Market Was Operating Steadily (April 7-11)
- 2024-04-07 SunSirs: The Trend of Raw Materials Was Soaring, and the Hexafluoropropylene Market Was in a Supply-demand Game State
- 2024-04-01 SunSirs: The Hexafluoropropylene Market Was Stable in March
- 2024-03-28 SunSirs: The Hexafluoropropylene Market Was Temporarily Stable, and There Was Temporarily No Positive News from Downstream
- 2024-03-27 SunSirs: This Week, the Hexafluoropropylene Market Maintained Stable Operation (March 18-22)
