Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 31, the average price of refrigerant R22 was 21,266.67 RMB/ton, an increase of 4.08% from the beginning of the month's price of 20,433.33 RMB/ton and a 25.10% increase from the same period last year.

According to the Commodity Market Analysis System of SunSirs, as of July 31, the average price of refrigerant R134a was 24,766.67 RMB/ton, a slight decrease of 0.67% compared to the beginning of the month price of 24,933.33 RMB/ton, and an increase of 10.07% compared to the same period last year.

Analysis review

In July, due to the continuous weakness of upstream raw material prices, the overall market price of refrigerant R22 was stable and weaker. As of July 31, the domestic price of chloroform rose 1.85% in the month, and the price of hydrofluoric acid fell 0.94% in the month. With the slight recovery of the price of upstream raw material chloroform, and the manufacturer's downtime for maintenance, the overall domestic inventory of R22 was low, the downstream demand of R22 was not reduced in summer, and the quota was still not implemented, In late July, some R22 enterprises raised their factory prices, driving a slight rebound in the domestic R22 market prices.

As of July 31, the domestic trichloroethylene price continued to operate at a low level, the hydrofluoric acid price continued to be weak, falling 0.94% in the month, and the raw material cost continued to be low. Supported by the overall low inventory of enterprises and the rising demand for refrigerants from downstream automobile enterprises, some enterprises slightly raised the R134a ex factory price at the end of the month, driving the domestic R134a market price to rise slightly.

In terms of raw materials, the domestic hydrofluoric acid prices continued to be weaker, and the continued weakness of raw material prices will have a certain degree of pressure on the domestic refrigerant market prices in the future.

Market outlook

According to refrigerant analysts from SunSirs, supported by factors such as low inventory levels, rising costs, and unchanged downstream demand, it is expected that the domestic R22 market price will continue to be stable and stronger in August. The raw material cost continues to operate at a low level, and downstream demand is lower than expected. The overall price increase in the domestic R134a market in August lacks the driving force.

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