News

• 09

  NOV

  Analysis of market trend of PTFE material power

  In October, the domestic PTFE market trend was relatively stable, and the prices of some companies rose to a certain extent, ranging from 1,000-2,000 yuan/ton, but the overall increase was still weak, and downstream demand was less than expected. At the end of September, the quotations of the scattered series of enterprises were raised one after another, and the actual transaction orders were fewer. However, because of the large number of orders in the early stage, the enterprises had good shipments, low inventories, and high operating loads. From the perspective of the supply market, the starting load of manufacturing companies during the National Day holiday has been slightly reduced. Due to the low inventory, the starting load after the holiday keeps running at a high level. Looking at the demand market, in the domestic market, terminal product companies have relatively good orders, but at present traders have more sources of low-priced goods, and inventory is at a high level on the basis of general cargo volume; in foreign markets, terminal companies` export orders have not improved significantly. The export volume of production enterprises is not worse than before, but the export orders for products of terminal enterprises have been significantly reduced compared with the same period last year, and the industry insiders lack confidence. Currently, poor rigid demand is still the main reason affecting prices. In October, during the National Day holiday, the prices of some enterprises of PTFE saw a slight increase, but the prices of other enterprises were still weak, and the expected effect of demand was poor. Traders have more sources of goods, and terminal product companies have fewer large orders, but relatively more small orders, and demand is stable. It is expected that in November 2020, the stable operation of the PTFE market will prevail.

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• 26

  OCT

  PTFE raw material market review

  PTFE raw material market review This week, transactions in the domestic PTFE market were steadily running. Companies with low inventories were willing to increase prices, but due to actual downstream demand, price increases were weak. On the supply side, the operating load of production companies has increased slightly, but the premise is still to ensure inventory. On the basis of low inventory, companies have little pressure on shipments. On the demand side, the domestic market: According to feedback from insiders, traders have more sources of goods, most of them stock up during the early low-price period, but the current shipments are general and the source of goods is not large. At the same time, the demand for terminal enterprises in anti-corrosion and other fields is improving , But the demand in other areas is flat, and the difference is obvious; foreign markets: there is no significant difference in the foreign orders of production enterprises than before, but the shrinking of foreign orders of terminal enterprises has not returned to the normal level, which has a greater impact on the reduction in demand. PTFE raw material outlook At present, the domestic PTFE market is running steadily, and prices are rising weakly. Industry insiders reported that actual demand in the downstream market needs to be improved, and foreign orders for terminal products have not yet fully recovered. At present, the inventory of production companies is low, but traders have sufficient supply and average volume. It is expected that the short-term market of PTFE will mainly operate stably, and the price increase in the later period will still lack certain momentum.

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• 09

  OCT

  637 million people traveled during the National Day, with a total income of 466.56 billion

  637 million people traveled and the total income was 466.56 billion! The eight-day National Day holiday injects a boost from the domestic tourism industry that has recovered from the epidemic. Under the normal situation of epidemic prevention and control, the efforts of local travel and short-distance travel have made hotels, especially hotels around cities and suburbs, beneficiaries. At the 2020 China New Economic Trends Forum and Huazhu World Conference held recently, Ji Qi, the founder of Huazhu Group, believes that the future is a super era of the rise of China's consumer service industry, and hotel investment will usher in real opportunities. "Why do we encourage investment in hotels? Consumption is the most important growth point of China's economy in the next 5-10 years or even 20 years. If we are in this industry, we should seize this opportunity." Previously, the "China Domestic Tourism Development Report 2020" issued by the China Tourism Research Institute showed that tourists' willingness to travel in the third quarter reached 80.2%, which was 90% higher than the same period last year. According to sales data from a high-end resort hotel in Jizhou District, Tianjin, after the business quickly recovered in July to over 70% in the same period last year, the business in August has exceeded the same period last year. Consumer travel demand has made hotel groups move by the wind: Recently, hotel groups including InterContinental, BTG Homeinns, China Lodging have announced the opening of their respective high-end, mid-range and boutique hotels. According to the latest data, according to the calculations of the China Tourism Research Institute, during the eight-day long holiday, the country received 637 million domestic tourists, a 79.0% year-on-year recovery; domestic tourism revenue was 466.56 billion yuan, a 69.9% year-on-year recovery on a comparable basis. According to

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