Price trend

According to the commodity market analysis system of SunSirs, the market price of PCE continued to rise in March, maintaining a high level of operation. On March 31st, the average price of PCE was 5,155 RMB/ton, and on March 1st, the average price of PCE was 4,800 RMB/ton, with a monthly increase of 7.29%.

Analysis review

PCE was temporarily operating at a high level, with mainstream factory quotes of 5,050-5,300 RMB/ton. Demand was stable, but supply was tight. According to customs data, the export volume of PCE in February was 1,155.6 tons, a year-on-year decrease of about 14.5%, and there was no import situation. The market supply was tight, and distributors were closely following the increase of large factories.

The downstream refrigerant R125 market had implemented a price increase of 42,000-45,000 RMB/ton, up 4,000 RMB/ton from the beginning of the month. The refrigerant market continued to soar in the first quarter and was temporarily operating at a high level, with a continuous supply-demand game. The mainstream refrigerant market was expected to continue to recover in April, with strong demand for production in May. The market shortage is expected to remain difficult to alleviate, and short-term growth is expected to slow down.

Market outlook

SunSirs' PCE analyst believes that downstream demand was improving, and the price of PCE is expected to maintain a high level of operation.

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