High and falling, PTFE offers down sharply! Firming upwards, PVDF is ready to take off!

PTFE price rises and falls

Since November, fluorine chemical products generally entered the downward channel, polytetrafluoroethylene (PTFE) also began to decline continuously recently after a wave of great market.

As of Nov. 22, PTFE suspension medium grain manufacturers' quotations were cut by up to RMB 5,000/ton, and the mainstream reference quotations in the market were RMB 60,000-68,000/ton.

PTFE dispersion resin manufacturers offer up to 5,000 yuan / ton down, the market reference offer in 75,000-80,000 yuan / ton.

PTFE suspension fine powder manufacturers offer up to 4,000 yuan / ton down, the market reference offer for 69,000-75,000 yuan / ton.

PTFE disperse emulsion manufacturers offer down about 3,000 yuan / ton, the market reference offer for 50,000-54,000 yuan / ton.

Raw materials, trichloromethane market for many days, anhydrous hydrogen fluoride high level of stability, but the market is expected to decline, the cost support continues to weaken; supply side due to the recent increase in the start, compared to the previous sufficient supplies, inventory accumulation; and downstream enterprises by the impact of dual control of energy consumption, demand is flat. Due to the large rate of increase, downstream enterprises generally believe that the current price is still high, the wait-and-see atmosphere. It is expected that in the cost downward, supply and demand easing, PTFE market in the short term continue to retracement is more likely.

PVDF is ready to be launched

Recently, at the "2021 Sequoia Digital Technology Global Leadership Summit", Wang Chuanfu, Chairman and President of BYD Group, predicted that the sales of new energy vehicles in China are expected to exceed 3.3 million units this year, and the penetration rate of new energy vehicles in China will exceed 35% by the end of next year. He mentioned that electric vehicles have seen an unprecedented period of development in China. The penetration rate of new energy vehicles has risen from 5%-6% at the beginning of the year to about 20% last month. Wang Chuanfu believes that along with the increase in new energy vehicle penetration, the industry chain of the auto industry will be reconfigured.

Benefit from the super-expected growth of new energy vehicles, PVDF lithium binder demand continues to expand, due to high technical barriers and long expansion cycle, the supply gap is difficult to make up in the short term, according to industry analysis PVDF shortage phenomenon or last until the end of 2022. As of now, the mainstream reference offer of consumer battery grade PVDF is around 420,000 yuan / ton, and the power battery grade PVDF offer is as high as 500,000-600,000 yuan / ton. From the current situation, PVDF superimposed on lithium and photovoltaic "double BUFF", the forecast price is expected to break through the high level, continue to explore the rise.