Recently, the market price of hexafluoropropylene has shown a weak downward trend. Downstream demand is cold and procurement is not active, so there is currently no good news. According to the data monitoring system of Shengyishe, as of May 31st, the benchmark price of hexafluoropropylene in Shengyishe was 35650.00 yuan/ton, a decrease of -0.63% compared to the beginning of this month (35875.00 yuan/ton).

Raw material side: High market prices are under pressure, and production enterprises have thin profits. According to the monitoring of the commodity market analysis system of Shengyishe, the benchmark price of hydrofluoric acid in Shengyishe is 11620.00 yuan/ton, which is unchanged from the beginning of this month. The operation of hydrofluoric acid plants has not changed much, and some manufacturers of hydrofluoric acid have accumulated inventory. The mainstream price of hydrofluoric acid negotiated in various regions of China is 11200-11700 yuan/ton, and there are still units waiting for market shutdown. The spot supply of hydrofluoric acid is normal, and the operation of anhydrous hydrofluoric acid is about 60%. The overall domestic hydrofluoric acid price trend remained stable in May.

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.