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SunSirs: Refrigerant R134a Fell Slightly This Week(June 8-12)

June 16 2020 10:50:42     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, the average factory price of refrigerant R134a from mainstream manufacturers on June 12 was 18,333.33 RMB/ton, which was a decrease from the price of 18,500 RMB/ton at the beginning of the week, a decrease of 0.9% during the week, and a decrease of 2.65% compared with the beginning of the month. Compared with the same period last year, it fell by 36.42%

 

Analysis review   

Product: The price of R134a in the refrigerant market dropped slightly this week, and has fallen to a new low this year. The trading center of gravity has declined. The foreign economy has been slow to unlock, the market for cars has been poor, and there were not many new orders for export. Domestic demand was acceptable, but the release was insufficient, and trading was tepid. The price of hydrofluoric acid at the raw material end has been raised, and the cost end has some support. However, the company has recently started construction, the supply was sufficient, the inventory of the holders was high, and the price was cut. According to the price monitoring of SunSirs, as of June 12, the average price of refrigerant R134a was 18333.33 RMB/ton, and the market price was concentrated around 17,000 RMB/ton-21,000 RMB/ton

Industrial chain: Upstream, the mainstream price of domestic anhydrous hydrofluoric acid from manufacturers was 8,000-9,000 RMB/ton this week, and the factory prices of the merchants were temporarily stable. Domestic hydrofluoric acid manufacturers have a normal operating rate, and the supply of goods on the market is normal, driven by the increase in the price of fluorite, but the downstream refrigerant industry has poor demand, and on-site purchases are mainly on demand. It is expected that on-site prices will continue to rise slightly in the later period.

 

Market outlook

Business refrigerant analysts believe that the newly added capacity is surplus Recently, the supply and demand pattern has not improved, and the refrigerant R134a market is expected to decline slightly in the short term.

 

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