Fluoropolymers Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst
Fluoropolymers (PTFE) Prices: During the Quarter Ending December 2023
North America:
Fluoropolymers (PTFE) pricing in North America maintained its upward trajectory throughout Q4, witnessing a notable hike of 10.45% from the previous quarter. The surge in prices was fueled by increased import costs from overseas markets and robust demand from downstream electronic and related industries. Notably, the automotive sector exhibited significant buying interest, driven by a growing focus on electric vehicles in the US market.
Concurrently, ocean rates to eastern U.S. ports saw a 5.6% increase from the preceding month. Some shippers opted for alternative trade routes, avoiding the Suez Canal due to potential rebel attacks, leading to heightened transportation costs and contributing to the elevated prices of imported PTFE from the Chinese market. The Cost and Freight (CFR) price for PTFE fine powder at the New York port in the USA was evaluated at USD 13,474 per metric ton, marking a 23% increase from the same quarter last year.
Get Real Time Prices of Fluoropolymers (PTFE): https://www.chemanalyst.com/Pricing-data/fluoropolymer-1238
APAC:
The APAC region saw a mixed market sentiment for Fluoropolymers (PTFE) in the current quarter of 2023, characterized by price increases in October followed by a declining trend until December.
October experienced a notable price upturn driven by strong demand for PTFE from both domestic and international automotive sectors. However, the holiday season led to reduced manufacturing activities, resulting in certain production units operating at reduced capacity and causing material shortages in the Chinese market, thus surging prices.
Subsequently, prices of PTFE plunged throughout November and December due to sufficient supply, subdued demand, and low purchasing activities. Economic indicators, such as the decline in China’s official PMI from 49.4 in November to 49 in December, reflected a sluggish trading atmosphere. The quarter-ending price for PTFE Fine Cut-EXW Dongying in China was USD 6,640/MT. Despite market challenges, the PTFE supply chain remained largely undisrupted, with ample material availability potentially leading to decreased prices in the region.
Europe:
Fluoropolymers (PTFE) pricing in Europe during Q4 2023 followed a bullish trend, influenced by various factors.
October saw consistent buying interest from the automotive sector, driven by increasing consumer preference for electric vehicles. Elevated import costs from overseas markets and robust demand from electronic and related industries further contributed to the upward price movement.
Additionally, ocean rates to eastern European ports rose by 5.6% in December, with some shippers avoiding the Suez Canal route due to potential rebel attacks, leading to higher transportation costs and expensive imports of PTFE from China. Germany experienced a significant price change in PTFE, with prices rising by 16% compared to the previous quarter. The quarter-ending price of PTFE Powder form CFR Hamburg in Germany in Q4 2023 was USD 13,694/MT.
Get Real Time Prices of Fluoropolymers (PTFE): https://www.chemanalyst.com/Pricing-data/fluoropolymer-1238
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