Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 28th, the average price of refrigerant R22 was 21,500.00 RMB/ton, an increase of 1.90% compared to the beginning of the month's price of 21,100.00 RMB/ton, 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 28th, the average price of refrigerant R134a was 26,000.00 RMB/ton, an increase of 4.98% compared to the beginning of the month price of 24,766.67 RMB/ton, and an increase of 1.30% compared to the same period last year.

Analysis review

In September, the domestic price of chloroform significantly increased, with a 31.4% increase within the month. The price of hydrofluoric acid continued to rise, with a 5.48% increase within the month. The continuous increase in raw material costs had provided some support for the domestic R22 market price. Previously, the overall domestic R22 had already risen to a high level. In addition, as the end of the month approached, the remaining quota quantity of enterprises was generally low, and the downstream demand in China was relatively stable. The market supply and demand had entered a stalemate, Starting from late September, the overall domestic R22 market price remained stable and moves forward.

In September, the domestic price of trichloroethylene continued to rise, while the price of hydrofluoric acid continued to be stronger. The cost of raw materials continued to rise, and supported by the rebound in demand for foreign trade orders, the overall price of R134a in China continued to rise in September.

In terms of raw materials, the domestic price of hydrofluoric acid continued to rise, and the continuous increase in raw material costs will provide strong support for the future refrigerant market prices.

Market outlook

Analysts from SunSirs believe that the cost of raw materials had significantly increased, and downstream demand was generally stable. It is expected that the prices of domestic refrigerants R22 and R134a will continue to rise to varying degrees in October.

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