Price trend

According to the Commodity Market Analysis System of SunSirs, the market price of PCE rose again in early April. On April 12th, the average market price of PCE was 5,387 RMB/ton, and on April 1st, the average market price of PCE in barrels was 5,150 RMB/ton. The market price of PCE increased by 4.61% within the month.

Analysis review

The price of PCE continued to rise in the first quarter and the trend was relatively stronger, with mainstream ex factory quotes of 5,200-5,450 RMB/ton. The market supply was tight, and distributors were closely following the increase of large factories. The demand was strong, and those with higher prices could get the goods.

The price of downstream refrigerant R125 was between 42,000-45,000 RMB/ton, unchanged from the beginning of the month and increasing by 10.53% compared to the previous month. The refrigerant market continued to rise in the first quarter, but the growth rate slowed down in April. The demand for production scheduling remains strong in May, and it is understood that the refrigerant market is about to see a new round of growth. The positive demand side will provide strong support for the price of PCE.

Market outlook

SunSirs' PCE analyst believes that with good demand, the price of PCE is expected to continue to rise at a high level.

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