The PVDF Coating Market Has Risen At A High Level, And The Market Supply Has Tightened

Market overview: This week, the PVDF coating market rose at a high level, and the market supply was tight; recently, the PVDF pellet market rose at a high level, and the market supply was tight. Since the PVDF price increase in March 2021, major manufacturers have been affected by the high profits of the PVDF lithium battery market, and the market share of other PVDF products has been squeezed, resulting in a decline in the supply of pellets and powders. On the cost side, the recent market reference quotation of raw material R142b is 190,000-200,000 CNY/ton, and the cost side is supported strongly; on the supply side, the production enterprises are operating at a moderately high level, and the market supply side is mainly stable; on the demand side, the demand for photovoltaic and coatings industries has picked up slightly , the downstream demand is good. Baichuan Yingfu predicts that the pellet market will run at a high level in the short term, and there will be little room for subsequent market increases. At present, the mainstream quotation in the photovoltaic market is 280,000-300,000 CNY/ton, and the mainstream price in the coating market is 320,000-350,000 CNY/ton. The 3C lithium battery grade PVDF market is driven by the high cost of R142b, and the market is still rising slightly, but it is accepted by the market. There is not much room for subsequent value-added. The current mainstream price of PVDF with suspension method is about 400,000 CNY/ton, and the mainstream price of emulsion method (domestic) PVDF is about 480,000-520,000 CNY/ton, an increase of about 3% year-on-year; momentum The market transaction price of battery PVDF has exceeded 500,000 CNY/ton. Affected by downstream resistance, the follow-up value-added space is also slightly insufficient.

Recent supply-side changes: The PVDF (2,500-ton lithium-ion battery-grade) products of the first phase of a large company have entered trial production and are expected to be officially put into production from May to June 2022.

Demand side: In the domestic market, downstream purchasers of coatings, backsheets, and some 3C-grade PVDF are restricted by the high product level, and the purchase demand has weakened. The demand for power battery-grade PVDF remains high. Businesses step up the pace of circular testing.

Cost side: The existing reference quotation in the R142b market is about 190,000-200,000 CNY/ton. At present, the supply of R142b in the market is tight, the downstream demand continues to be strong, and the contradiction between supply and demand is more obvious. The skyrocketing price has caused the factory to be reluctant to sell, and the phenomenon of not quoting and not accepting orders still exists. The follow-up market has insufficient room for growth, and the PVDF cost side supports stable operation.

Market outlook forecast: In the first quarter of 2022, the driving force behind the rise of PVDF has shifted from the original cost support to the rigid downstream demand. The market for raw material R142b has been basically stable since February 2022, and subsequent exploration will be difficult to sustain; therefore, Baichuan Yingfu forecasts PVDF Under the circumstance that the downstream just needs support for cost stabilization, the follow-up market will be mainly stabilized at a high level.