Price Overview
| Material | Current Price Range | WoW | Trend |
|---|---|---|---|
| PTFE Resin (Polytetrafluoroethylene) | Suspension mid-grain ~RMB 31,800/t; dispersion grade RMB 45k–52k/t | -3.5% | Down |
| PEEK Resin (Polyetheretherketone) | Domestic RMB 400k–600k/t; Imported RMB 800k–1.5M/t | +2.0% | Up |
| Carbon Fiber (T300 12K) | RMB 95–100/kg; T700 12K ~RMB 118/kg | +1.5% | Up |
| PI Film (Polyimide) | Electronic grade RMB 600k–3.0M/t; biaxial electronic film >RMB 1.0M/t | +1.5% | Up |
| Special Ceramic Raw Materials (Zirconia/Alumina) | Zirconium oxychloride RMB 18.75k/t; ZrO2 powder ~RMB 89k/t; Alumina ~RMB 9k/t | +2.5% | Slight Up |
Key Movements
- PTFE Resin: -3.5% (loose supply, downstream just-in-time purchasing and thin trading; Luxi Chemical cut another RMB 1,000/t to RMB 34,000/t on Jul 15; after a ~40% spike, hydrofluoric acid entered a “cooling-off” phase, weakening cost support—prices running soft)
- Special Ceramic Raw Materials (zirconia series): +2.5% (zirconium oxychloride in Shandong raised RMB 1,000/t to RMB 18,750/t on Jun 24; tight zircon ore supply and concentrated supply pushed prices up; alumina series stable)
- PEEK Resin: +2.0% (demand from robotics, eVTOL flying cars and new-energy lightweighting; some brands lifted quotes from RMB 450/kg to RMB 600/kg; domestic substitution accelerating, localization rate expected to reach 60% in 2026)
- Carbon Fiber: +1.5% (Toray raised TORAYCA series 10%–20% from Jan 2026, Jilin Chemical Fiber raised wet 12K/3K by RMB 5k and RMB 10k/t respectively; energy, auxiliary, logistics and labor cost increases keep passing through)
- PI Film: +1.5% (heavy import dependence, highly concentrated supply, fast-growing downstream demand from new energy/5G/flexible electronics widens the supply-demand gap; high-end electronic film prices firm at high levels)
Impact Analysis
- On procurement cost: Falling PTFE can lower raw-material cost for seals, anti-corrosion and cable coatings—opportunistic restocking advised; rising PEEK, carbon fiber, PI film and zirconia series will lift the manufacturing cost of high-end structural parts, composites, electronic insulation and precision ceramic components, squeezing margins—reprice and review lock-in cycles.
- On supply chain: Crude oil plunged in June (WTI -20%, Brent -21%) then rebounded above USD 80 in mid-July on Middle East tensions, increasing chemical-chain cost volatility; hydrofluoric acid’s pullback from highs weakens PTFE cost support but is unlikely to revive demand near term. Zirconium, PI and carbon fiber have highly concentrated supply—geopolitical and trade disruptions can amplify delivery risk; diversify second sources and raise safety stock.
Action Recommendations
- Lock prices now: PEEK resin, carbon fiber, PI film, zirconium oxychloride/zirconia series—clear upward trend and concentrated supply; sign 3–6 month framework agreements or forward locks to hedge sustained upside.
- Wait and watch: PTFE resin—current oversupply vs weak demand with prices falling; hold off large locked orders, buy small just-in-time; alumina-series prices are stable, keep regular cadence.
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