Within the last year, the market has had more challenges than I've come across inside my thirty years experience. In the past I have seen sharp price increases, and I have experienced several shortages, and delivery delays because of resin allocations from plastic resin companies. This is definitely the very first instance I have seen all these issues at one time.
Polytetraflouroethylene (TFE) and PVDF both are on allocation.
These two resins are in short supply. The PTFE - Polytetrafluoroethylene product PTFE (TFE) as well as Kynar-PVDF manufacturing requires a mineral called Fluorspar that is mined in Mongolia and China. The world requirement for this mineral has grown significantly, as well as the supply has tightened. PTFE materials have high heat resistance, excellent chemical resistance and extremely low co-efficient of friction (slick) and is used in a lot of applications from non-stick fry pots and pans to ptfe tape for use at home. This specific mineral is a key raw material within the manufacturing of fluoropolymers, fluorolubricants and quite a few refrigerants.This increased demand mixed with general shortage of raw materials is mainly responsible for a dramatic price increase (almost double in the last year), shortages, and we expect these two factors to stay in affect in the near future.
Tuesday, February 23, 2021
What is causing the TFE and PVDF Price Increases.
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