SunSirs: The Overall Refrigerant Prices Fluctuated Forward at High Levels in May
June 07 2024 11:36:21 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of May 31, the average price of refrigerant R22 was 25,666.67 RMB/ton, an increase of 3.36% from the beginning of the month's price of 24,833.33 RMB/ton, and an increase of 25.20% compared to the same period last year.
According to the Commodity Market Analysis System of SunSirs, as of May 31, the average price of refrigerant R134a was 30,933.33 RMB/ton, a slight decrease of 0.22% from the beginning of the month's price of 31,000.00 RMB/ton, and an increase of 22.91% compared to the same period last year.
Analysis review
In May, the overall price of chloroform in China fluctuated upwards, rising by 5.42% within the month. The overall price of hydrofluoric acid remained stable and continued to move forward. At the beginning of the month, some companies slightly lowered the factory price of R22 to stimulate shipments, leading to a slight decrease in the domestic R22 market price. Supported by the overall rebound in raw material costs, coupled with the continued strong downstream demand for R22, manufacturers had once again shown a strong willingness to raise prices. As a result, companies had slightly increased their ex factory prices, supporting the continued high and strong domestic R22 market prices in May.
In May, the domestic price of trichloroethylene fluctuated slightly, rising by 0.31% within the month. The overall price of hydrofluoric acid remained stable, while the overall raw material cost remained relatively high and fluctuated slightly. Downstream demand for refrigerants slowed down. In order to stimulate shipments, some enterprises slightly lowered the factory price of R134a, driving the overall high and weak fluctuation of domestic R134a prices in mid May. With the overall stabilization of raw material prices, the domestic R134a price remained stable and move forward in late May.
In terms of raw materials, overall, the upstream raw material hydrofluoric acid price of domestic refrigerants was still at a high level, and the sustained high cost will continue to provide strong support for the bottom of the refrigerant market price in the future.
Analysis review
According to refrigerant analysts from SunSirs, with the dual support of cost and demand, it is expected that domestic R22 and R134a prices will continue to remain strong in June.
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