New Materials Daily Report | July 9, 2026 — PTFE Declines, Carbon Fiber Bottom Reversal

# New Materials Price Trend Daily Report — July 9, 2026

## Price Overview

| Material | Current Price Range | Weekly Change | Trend |
|———-|——————-|—————|——-|
| PTFE Resin (Susp. Medium) | ¥31,800-33,000/ton | -3.6% | 📉 Declining |
| PEEK Resin (Industrial) | ¥200-400/kg | 0% | ➡️ Stable |
| Carbon Fiber (T300/24K) | ¥80-95/kg | +1.2% | 📈 Bottom Reversal |
| PI Film (Electronic Grade) | ¥180-255/m² | 0% | ➡️ Stable |
| Zirconium Oxychloride (Zr≥36%) | ¥18,750/ton | +5.6% | 📈 Slight Rise |

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## Key Price Movements

### PTFE Resin: Sustained Downward Pressure

PTFE suspended medium-grade price fell to ¥31,800/ton this week, marking a fresh low for the past 30 days, down ~3.6% from ¥33,000/ton last week and down a significant 33.8% from the monthly high of ¥48,000/ton.

**Key Drivers:**
– **Oversupply**: Rapid capacity expansion since 2024, concentrated in Shandong and Jiangsu provinces. Syensqo’s Changshu expansion project entered trial production in Q1, continuously releasing supply-side pressure
– **Weak Demand**: Chemical and oil & gas sectors extending procurement cycles with spot purchasing only; no major restocking observed
– **Easing Costs**: Fluorite stable at ¥3,250-3,350/ton (East China); crude oil retreat to $68-72/bbl reducing cost support
– **Intensified Competition**: Domestic manufacturers locked in a price war; traders continue undercutting offers

**Short-term Outlook:** No clear improvement in fundamentals expected in July. PTFE prices to remain in the ¥31,000-34,000/ton range with downside bias.

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### Carbon Fiber: Bottom Reversal Signal Solidifies, January Price Hikes Spill into Spot Market

The carbon fiber market has reached a critical turning point. Toray announced a 10-20% price increase on TORAYCA brand carbon fiber and prepreg products effective January 2026; Jilin Chemical Fiber followed with ¥5,000/ton for wet 12TK and ¥10,000/ton for 3K carbon fiber.

**Drivers:**
– **Low-Altitude Economy Surge**: eVTOL, flying cars, and drone applications driving demand. Nearly 10 listed companies confirmed carbon fiber products are used in low-altitude scenarios via investor platforms
– **Stable Wind Power Demand**: Blade lightweighting continues to boost large-tow carbon fiber procurement
– **Cost Support**: Stabilization of crude oil and acrylonitrile raw material prices limiting further decline
– **Capacity Cleanup Bearing Fruit**: 2024 domestic carbon fiber capacity growth slowed to 12.7%, a sharp moderation from 50%+ annual growth in 2021-2022

**Short-term Outlook:** Domestic T300/24K carbon fiber expected to range ¥80-95/kg with a slight upside bias. Quality suppliers have exited the price war, pivoting to quality competition.

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### PEEK Resin: Domestic Substitution Accelerates, Price Range Stable

Industrial-grade PEEK maintained ¥200-400/kg; imported VICTREX brands held at ¥800-1,500/kg.

**Key Developments:**
– Zhongyan Materials and Junhua Special Plastics continuing capacity expansion, accelerating domestic substitution
– New energy EV motor insulation and semiconductor packaging driving high-end PEEK demand
– DFBP (4,4′-difluorobenzophenone) raw material price stable, supporting flat pricing

**Short-term Outlook:** Short-term stable; domestic material in the ¥200,000-400,000/ton range. Imported high-end products maintain elevated pricing due to concentrated supply.

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### PI Film: Localization Progresses, High-End Market in Shortage

PI film market stable: domestic standard ¥180-255/m²; high-end electronic grade ¥600,000-3,000,000/ton; FPC coverlay ¥38-230/m².

**Key Developments:**
– Ruihua Tech’s semiconductor-grade PI film passed Korean semiconductor company evaluation, entering small-batch supply (June 17, 2026)
– Asahi Kasei developed photosensitive PI film for advanced semiconductor packaging
– 5G/AI driving rapid growth in thermal control PI film demand; AI equipment thermal management emerging as new growth engine

**Short-term Outlook:** Standard PI film stable; high-end electronic/semiconductor-grade PI film likely to continue upward trend due to supply tightness.

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### Special Ceramic Raw Materials: Zirconium Oxychloride Rising

– **Zirconium Oxychloride** (Zr+Hf≥36%): ¥18,750/ton, up ¥1,000/ton MoM (+5.6%), Shandong region
– **Alumina**: Stable at ¥2,800-2,900/ton (port benchmark)
– **Fluorite**: East China 97% wet powder ¥3,250-3,350/ton, weak trend

**Driver:** Zirconium oxychloride uptrend driven by rare earth and new materials demand growth, coupled with environmental production restrictions in some regions tightening supply.

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## Impact Analysis

### Impact on Procurement Costs
– **PTFE sharp decline**: Positive for seals, gaskets, and coating procurement. Estimated cost reduction of 3-5% for related products
– **Carbon fiber bottom rebound**: eVTOL/drone component procurement costs rising ~1-2%; early-stage cost pressure emerging for low-altitude economy supply chain
– **PI film stable**: FPC and electronic insulation material procurement costs controllable; no significant fluctuation

### Impact on Supply Chain
– **PTFE oversupply continuing**: Enhanced buyer bargaining power; recommended to lock annual framework agreements at current low prices
– **Carbon fiber supply structure improving**: Post-2023-2024 capacity consolidation, supply concentration increasing; quality supplier scarcity highlighted
– **PI film localization**: Domestic suppliers like Ruihua Tech providing stable supply, reducing import dependency risk

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## Action Recommendations

### Materials to Lock In Prices (Recommended)

**1. Carbon Fiber** ⭐⭐⭐ (Highly Recommended)
– Reason: Upward price trend confirmed (Toray +10-20%, Jilin CF +¥5,000-10,000/ton); low-altitude economy demand surge will sustain upward momentum
– Action: Secure Q3-Q4 supply agreements with Jilin Chemical Fiber, Zhongfu Shen鹰 (AVIC Composite), and other domestic suppliers immediately

**2. PTFE** ⭐⭐ (Moderately Recommended)
– Reason: Current ¥31,800/ton near annual low with limited downside; oversupply limits upside
– Action: Lock 3-6 month supply contracts at current low prices; prioritize domestic suspension medium-grade specifications

### Materials to Monitor

1. **PEEK Resin**: Significant gap between domestic and imported pricing (10x); procurement strategy depends on specific application performance requirements
2. **PI Film**: Standard grades stable; consider restocking high-end electronic grade on price pullbacks

### Key Events to Watch
– **Mid-July**: Zhangyuan Tungsten long-term purchase price (significant cut this week; watch for tungsten-based ceramic raw material linkage effects)
– **Late July**: Carbon fiber manufacturers’ monthly price adjustment window; low-altitude economy order release progress
– **EIA Monthly Report**: EIA’s revised 2026 WTI average forecast down to $76.26/bbl (down $12); monitor downstream impact on petrochemical material costs

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*Data Sources: Chemicalbook, 100ppi.com, Longzhong Consulting, Wind, CLSA, Huatai Securities Research*
*Report Date: July 9, 2026 | Market Intelligence Officer*