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SunSirs: Due to Favorable Support, the Price of Refrigerant R22 Has Risen

November 06 2020 13:40:16     SunSirs (John)

Price trend

According to the bulk data monitoring of SunSirs, as of November 5, the average price of refrigerant R22 was 14,166.67 RMB/ton, up 2.41% from the beginning of the week, down 4.49% from the previous month, and down 7.21% year-on-year.

Analysis review   

This week, the R22 refrigerant market has risen, with prices generally rising by 300-500 RMB/ton. This round of increase is mainly due to the reduction of quotas. For example, Shandong Dongyue has few quotas left, and the sentiment of manufacturers has risen again. At the same time, the raw material end chloroform market rose sharply, hydrofluoric acid was weak and stable, and the supporting force was acceptable. Supported by quotas and cost, the price of refrigerant R22 rebounded, but the demand side support was weak and continued to slump. Therefore, there is no actual driving force for the substantial upward trend of R22. The weak market outlook may continue to maintain stability. According to the price monitoring of SunSirs, as of November 5, the prices of mainstream manufacturers in the refrigerant R22 market were around 1,3000-16,000 RMB/ton, and the actual transaction price was slightly lower.

In terms of raw materials, on November 5, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 7,700-8,300 RMB/ton, the ex-factory prices of on-site merchants remained stable, the operating rate of domestic hydrofluoric acid manufacturers was average, and the supply of on-site sources was normal. Affected by the stable price of fluorite, the downstream refrigerant industry had poor demand, and on-site on-demand procurement was the main focus. It is expected that on-site prices may remain low in the later period.

According to the monitoring of the bulk data of SunSirs, the chloroform market in Shandong area has risen sharply due to the continued high price of raw material liquid chlorine. As of November 4, the average price of chloroform in Shandong area was around 2,300 RMB/ton, an increase of 15% from the beginning of the month, an increase of 21.05% from the same period last month. At present, the domestic chloroform market is operating steadily for the time being, the company's start-up is not high, the overall supply and demand in the industry are weak, and the downstream market is mainly waiting and watching. The market outlook needs to pay attention to the raw material market. It is expected that the price of chloroform will continue to run firmly in a short time.

Market outlook

Refrigerant analysts of SunSirs believe that the price of refrigerant R22 rebounded due to quota and cost support, but the demand side support was weak and continued to slump. Therefore, there is no actual driving force for R22 to rise sharply. It is expected that R22 will stabilize after rising in the short term, and wait and see with caution.

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