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SunSirs: Refrigerant R22 Is Stable This Week(July 13-17)

July 17 2020 14:44:41     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, the average price of refrigerant R22 on July 17 was 16,166.67 RMB/ton, which was flat compared with the beginning of the week, increased by 3.63% month on month and decreased by 10.19% compared with the same period last year.

Analysis review

The trend of refrigerant R22 was stable this week. The market of hydrofluoric acid and chloroform at the raw material end is stable, the support is still in place, and the terminal demand has not been improved. Although the weather is gradually hot, there are more rainfall in the south, the flood control effect has not subsided, the after-sales market demand is weak, R22 manufacturers are under pressure to sell, and the start-up is not high, but the confidence in price support remains. According to the price monitoring of SunSirs, as of July 17, the average price of refrigerant R22 was around 16,000 RMB/ton, and the ex factory price of mainstream manufacturers was 15,500-16,000 RMB/ton, and the price remained stable.

The upstream chloroform enterprises have been operating smoothly on the whole, the market operating rate is not high, some enterprises are still mainly for their own use, and the downstream market demand is still insufficient. Due to cost pressures, the enterprises have little room for price reduction, the market supply and demand game, the market dilemma. At present, the quotation of Shandong Province is about 2,000 RMB/ton, that of Jiangxi Liwen is about 2,300 RMB/ton, and that of Jiangsu Province is about 2,650 RMB/ton. It is expected to be dominated by horizontal consolidation in the short term.

The price trend of the domestic hydrofluoric acid market is temporarily stable, the operation of the on-site equipment is stable, the supply of goods is normal, the price trend of the anhydrous hydrofluoric acid market is stable, and the recent high price of fluorite fluctuates, which will bring certain cost support to the hydrofluoric acid market. It is expected that the hydrofluoric acid market will fluctuate higher.

Market outlook

Refrigerant analysts of SunSirs believe that the current R22 market is stable and the terminal demand is not performing well. Merchants and sub-plants are cautious in taking goods. It is expected that the refrigerant R22 will stabilize in the short term.

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