Over the past year, the industry has experienced more allocations than I have seen around my three decades experience. In the past I have seen sharp price increases, and I have experienced several shortages, and delivery delays caused by resin allocations by resin vendors. This is actually the very first time I have seen all these issues at the same time.
This pair of resins are in short supply. The PTFE – Polytetrafluoroethylene product PTFE (TFE) and PVDF manufacturing requires a mineral called Fluorspar that’s mined in Mongolia and China. The world demand for this mineral has increased significantly, as well as supply has tightened. PTFE materials have high heat resistance, excellent chemical resistance and very low co-efficient of friction (slick) and is utilized in a lot of applications from non-stick fry kitchenware to ptfe tape for use at home. This mineral is the essential raw materials in the manufacturing of fluoropolymers, fluorolubricants and several refrigerants.This increasing amount of demand coupled with shortage of raw materials is mainly responsible for a dramatic price increase (almost double within the past year), shortages, and we expect both these factors to continue in the near future.