Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 30th, the average price of refrigerant R22 was 24,833.33 RMB/ton, an increase of 2.76% from the beginning of the month's price of 24,166.67 RMB/ton, and an increase of 21.14% compared to the same period last year.

According to the Commodity Market Analysis System of SunSirs, as of April 30th, the average price of refrigerant R134a was 31,000.00 RMB/ton, an increase of 1.09% from the beginning of the month's price of 30,666.67 RMB/ton, and an increase of 22.37% compared to the same period last year.

Analysis review

Entering April, supported by the significant increase in domestic hydrofluoric acid prices in the early stage, coupled with the arrival of the peak season for refrigerant demand, cost and demand support, manufacturers raised the factory price of R22 again at the beginning of the month, driving the domestic R22 market price to continue to rise. With the overall fluctuation and stabilization of raw material costs, manufacturers continued to raise prices. In mid month, the domestic R22 market price remained stable and continued to move forward. In late April, raw material prices rose again, and with cost support, the domestic R22 market price continued to operate at a high level.

Affected by the comprehensive rebound in domestic prices of hydrofluoric acid and trichloroethylene in the early stage, the rising raw material costs had provided strong support for the domestic R134a price. In addition, as downstream enters the peak stocking season, manufacturers once again raised the factory price of R134a in April, driving the domestic R134a price to continue to rise. In the middle of the month, the overall price of raw materials stabilized, and the domestic price of R134a also remained stable. In late April, the price of hydrofluoric acid rose again, and the cost of raw materials rose again. Affected by the rapid rise in refrigerant prices before, the overall market price in late April tended to stabilize, and the domestic price of R134a remained strong at a high level.

In terms of raw materials, overall, after entering April, domestic hydrofluoric acid prices had shown a rapid and significant upward trend, and the continuous rise in raw material costs will provide strong support for domestic refrigerant prices in the future.

Market outlook

According to refrigerant analysts from SunSirs, after the implementation of refrigerant quotas, the refrigerant industry will enter a business cycle in the new year. In addition, downstream demand will not decrease in the second quarter, and raw material costs will continue to rise. With the support of costs and demand, it is expected that the prices of domestic refrigerants R22 and R134a will continue to remain strong in May.

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