Price trend
According to the commodity market analysis system of SunSirs, the average market price of PCE on May 11th was 5,012 RMB/ton, and the average market price of PCE in barrels on May 6th was 5,050 RMB/ton. This week, the market price of PCE had decreased by 0.74%.
Analysis review
After the May Day holiday, the price of PCE slightly decreased. Enterprises started operating at a high level, and the supply was stable. Downstream factories did not start operating enough, so they purchased according to demand. The market price of PCE was weak.
The downstream refrigerant R125 market continued to operate steadily at a high level, with prices ranging from 42,000 to 45,000 RMB/ton. As summer approaching, downstream industries such as air conditioning, industrial and commercial refrigeration, and chillers were experiencing increased demand, and the optimistic atmosphere in the industry continued.
Market outlook
SunSirs' PCE analyst believes that the high demand situation provided strong support for the stable PCE market, but the production situation had declined, and the supply of PCE was sufficient. It is expected that the price of PCE will fluctuate and consolidate in the short term.
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