This Saturday, the market price of fluoropropylene remained weak and stable. The follow-up of downstream inquiries and procurement is average, and the transaction atmosphere is average. According to the data monitoring system of Shengyishe, as of May 24th, the benchmark price of hexafluoropropylene in Shengyishe was 35875.00 yuan/ton, unchanged from the beginning of this month.
Raw material side: Recently, the domestic hydrofluoric acid price trend has remained stable, with slightly lower production of hydrofluoric acid units. There are still units waiting for market shutdown on site, and the spot supply of hydrofluoric acid has decreased. The production of anhydrous hydrofluoric acid is less than 60%. According to the data monitoring system of Business Society, as of May 24th, the benchmark price of hydrofluoric acid in Business Society was 11740.00 yuan/ton, an increase of 1.03% compared to the beginning of this month (11620.00 yuan/ton).
The downstream market is relatively quiet, with poor demand, and the focus is on purchasing for essential needs.
Business Society’s hexafluoropropylene analyst predicts that due to the recent high cost support of hexafluoropropylene, downstream market demand is poor, and on-demand procurement is affected, it is expected that the hexafluoropropylene market will operate weakly and steadily in the near future. More attention should be paid to market news guidelines.
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