Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 22, the average price of refrigerant R22 was 21,500.00 RMB/ton, an increase of 1.90% compared to the initial price of 21,100.00 RMB/ton at the beginning of the month and an increase of 17.27% compared to the same period last year.

According to the Commodity Market Analysis System of SunSirs, as of September 22, the average price of refrigerant R134a was 26,000.00 RMB/ton, an increase of 4.98% compared to the price of 24,766.67 RMB/ton at the beginning of the month, and an increase of 1.30% compared to the same period last year.

Analysis review

This week, the domestic price of chloroform continued to rise, rising by 9.31% during the week, the overall price of hydrofluoric acid remained stable, and the upstream raw material cost of R22 continued to rise. The remaining quota quantity of enterprises was generally low, and the domestic downstream demand was relatively stable. The market supply and demand entered a stalemate, and the overall domestic R22 market price remained stable this week.

Supported by the rebound in demand for foreign trade orders, the domestic R134a price continued to rise in September. With the stabilizing trend of domestic hydrofluoric acid prices, downstream trading entities in China were more cautious in demand. The market supply and demand gamed, and the overall domestic R134a price remained stable this week.

In terms of raw materials, the domestic price of hydrofluoric acid had rebounded from the bottom and then remained stable overall. A slight increase in raw material costs will provide some support for the future refrigerant market prices.

Market outlook

Refrigerant analysts from SunSirs believe that the cost of raw materials continued to rise, and manufacturers' attitude towards price increases remained unchanged. In the short term, there was still some room for domestic refrigerant R22 and R134a prices to rise. Domestic traders had poor willingness to stock up, and downstream procurement was more cautious. The market supply and demand game was constantly intensifying, and the overall space for refrigerant prices to continue to rise is limited.

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