1、 Price trend
This week, the PTFE market maintained stable operation. According to statistics from Business Society, as of April 11th, the market price of PTFE suspended particles remained around 36500-50000 yuan/ton.
2、 Influencing factors:
Raw material side: The market price of R22 raw material side remains stable, with high costs under pressure, and companies have a strong bullish sentiment. Downstream demand is weak, with rigid procurement being the main focus. At present, there is sufficient inventory, mainly focused on digesting inventory. Enterprises still have a wait-and-see mentality, and the market fluctuations are not significant. According to the Commodity Market Analysis System of Shengyishe, as of April 11th, the benchmark price of Shengyishe R22 was 24833.33 yuan/ton, an increase of 2.76% compared to the beginning of this month (24166.67 yuan/ton).
Downstream end: Downstream demand is weak, with rigid procurement as the main focus, and enterprises still have a wait-and-see mentality.
3、 Future Market Forecast
Business Society’s PTFE analyst believes that the high prices of raw materials support weak downstream demand, and the PTFE market has been operating steadily in the near future.
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