Sluggish Feedstock Costs impact US Poly Tetra Fluoroethylene (PTFE) Prices

The ongoing vacation period in the United States of America is affecting the market for 10-14 days, due to which the markets have been closed, affecting the Polytetrafluoroethylene (PTFE) trade. Consumption, manufacturing, buying, and selling are impacting the present market, and a chaotic environment is arising. Falling prices of upstream feedstock Tetrafluoroethylene and Fluorspar has released cost pressure from the product prices. The demand for the upstream feedstock Fluorspar decreased in the United States market, forcing the Mexican, Canadian, Vietnam, and South African exporters to reduce their product prices.

The demand for downstream utensils and other cooking equipment's manufacturing industry decreased in the regional United States market during the third week of July. Costs ranged from USD 11755.00/ton Fluoropolymers (Polytetrafluoroethylene) Fine Powder CFR New York with a weekly fall of 0.4% as recorded by ChemAnalyst pricing data on July 22. The downstream market sentiments are weakening in the regional market, and the number of products stockpiling is surging, resulting in rising inventories with the suppliers.

Upstream feedstock Chloroform had some support during the off-season of the industrial chain since its downstream refrigerant operated regularly and the start-up was steady at a low level, but the support was still insufficient. Chloroform is in high demand as a component of refrigerants; hence it is anticipated that it will continue to consolidate in a small range in the future.

The trading of raw material Fluorite has been carried out in a typical market environment. The mining began often under the influence of environmental protection inspectors. Fluorite raw ore prices fluctuated, the dressing plant's flotation costs weakened, and the downstream hydrofluoric acid market shrank. Additionally, the field's supply was only marginally insufficient, and fluorite prices were momentarily constant.

As per ChemAnalyst, "the market participants are expecting that the prices of Polytetrafluoroethylene will fall further in the United States of America with declining prices of upstream feedstocks and fluctuations in the global petrochemicals market due to the ongoing volatility in crude oil and other energy feedstock prices ."