Price trend

According to the Commodity Market Analysis System of SunSirs, as of June 29th, the average price of refrigerant R22 was 20,433.33 RMB/ton, a slight decrease of 0.33% compared to the beginning of the month and an increase of 20.20% compared to the same period last year

According to the Commodity Market Analysis System of SunSirs, as of June 29th, the average price of refrigerant R134a was 24,933.33 RMB/ton, a slight decrease of 0.93% compared to the beginning of the month price of 25,166.67 RMB/ton, and an increase of 16.88% compared to the same period last year.

Analysis review

In June, the price of upstream raw material chloroform continued to decline weakly, falling 10.99% in the month. The price of hydrofluoric acid continued to run at a weaker bottom, falling 0.29% in the month. The price of raw materials continued to decline in the month. Supported by the demand of refrigerant in the summer peak season, the overall price mentality of manufacturers was strong. The offer price in June was temporarily stable. At the end of the month, some enterprises slightly reduced the ex factory price. The price of R22 market was stable and weaker.

As of June 29, the domestic Trichloroethylene price continued to operate at a low level, while the hydrofluoric acid price continued to operate at a weaker bottom, falling 0.29% in the month. The upstream raw material price was generally stable and weaker. Supported by the high demand season for refrigerants in summer, the manufacturers had a strong price mentality, and the price of refrigerant R134a at the beginning of the month was generally stable. Affected by lower than expected downstream demand, some manufacturers slightly lowered the factory price of R134a in the middle of the month, driving the stable and weaker operation of domestic refrigerant R134a prices.

Overall, the domestic price of hydrofluoric acid was still at a relatively low level, and the sustained low and weaker operation of hydrofluoric acid prices will further suppress the domestic refrigerant market prices in the future.

Market outlook

Refrigerant analysts from SunSirs believe that with the significant increase in domestic temperatures, the possibility of El Ni ñ o recurrence continues to increase, and the domestic refrigerant industry as a whole will enter the production off-season and demand peak season. At the same time, the continuous decline in upstream raw material costs will also have a strong pressure on the future refrigerant market prices. The supply and demand game in the domestic refrigerant market is constantly intensifying, and in July, the domestic R22 and R134a prices will be mainly consolidated under pressure.

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