Within the last year, the market has experienced more allocations than I have seen inside my thirty years experience. In the past I have seen sharp price increases, and I have seen several shortages, and delivery problems on account of plastic resin allocations coming from resin manufacturers. This is the first time I have seen all these issues at the same time.
PTFE (TFE) and Kynar both are on allocation.
These two resins are in short supply. The PTFE – Polytetrafluoroethylene product PTFE (TFE) and also Kynar manufacturing requires a mineral called Fluorspar that is mined in Mongolia and China. The world need for this mineral has grown significantly, additionally, the supply has tightened. PTFE materials have high heat resistance, excellent chemical resistance and really low co-efficient of friction (slick) and is used in a lot of applications from non-stick fry pans to ptfe tape for personal use. This specific mineral is a key raw material in the production of fluoropolymers, fluorolubricants and several refrigerants.This surge in demand joined together with general shortage of raw materials is responsible for a dramatic price increase (almost double over the last year), shortages, and we expect these two factors to stay in affect in the near future.