Price trend

According to the Commodity Market Analysis System of SunSirs, as of March 8th, the average price of refrigerant R22 was 24,166.67 RMB/ton, an increase of 2.11% from the beginning of the month's price of 23666.67 RMB/ton, and an increase of 19.83% compared to the same period last year.

According to the Commodity Market Analysis System of SunSirs, as of March 8th, the average price of refrigerant R134a was 30,666.67 RMB/ton, which was the same as the beginning of the month and increased by 21.05% compared to the same period last year.

Analysis review

As of March 8th, the domestic price of trichloromethane had risen by 10.95% within the month, while the price of hydrofluoric acid has remained stable. The continuous increase in raw material costs has provided some support for the domestic refrigerant R22 market price. At the same time, with the support of the second generation refrigerant quota reduction, manufacturers had maintained a positive attitude towards price, and downstream demand had not decreased. With this support, the domestic refrigerant R22 market price continued to rise.

Entering March, the domestic price of trichloroethylene continued to fluctuate at a relatively low level, while the overall price of hydrofluoric acid remained stable. The upstream raw material prices fluctuated weakly, and the refrigerant quota policy was implemented. Industry and trade entities continued to be optimistic about the future market situation of refrigerants. In addition, downstream stocking started, and the market played a long short game. As a result, the overall price of R134a in China remained stable.

Market outlook

According to refrigerant analysts from SunSirs, supported by costs and demand, the domestic R22 market price will continue to remain strong in the short term. Long short game, in the short term, the price of R134a will continue to operate at the current level with slight consolidation.

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