SunSirs: Refrigerant Market Prices Fluctuated within a Narrow Range This Week (July 11-15)

Price trend

According to the monitoring data of SunSirs, as of July 15, the average price of refrigerant R22 this weekend was 16,833.33 RMB/ton, which was the same as the price at the beginning of the week and increased by 0.80% compared with the same period last year.

According to the monitoring data of SunSirs, as of July 15, the average price of refrigerant R134a was 21,833.33 RMB/ton, an increase of 0.77% from the price at the beginning of the week of 21,666.67 RMB/ton, and an increase of 2.34% compared with the same period last year.

Analysis review

The fundamentals of refrigerant R22 fluctuated little this week, and the overall offer of enterprises was relatively stable. The price of chloroform, a raw material, remained stable as a whole during the week, while the cost of raw materials was weak and stabilized. The overall downstream had a strong wait-and-see attitude, and the overall price of R22 remained stable.

Entering mid-July, the price of upstream raw material hydrofluoric acid remained stable and moved forward. Summer is the traditional peak season for refrigerant demand, and the overall downstream demand remained unabated. Under the support of demand, the price of refrigerant R134a continued to run strongly this week.

In terms of raw materials, the domestic hydrofluoric acid price trend was generally stable and moving forward this week. The upstream raw material cost was weak and stable, the pressure on cost reduction was reduced, and the downstream rigid demand was not reduced. The domestic R134a price is expected to continue to rise in the future.

Market outlook

Refrigerant analysts of SunSirs believe that the overall price of refrigerants fluctuated in a narrow range this week, and the price of R22 was generally stable. Under the support of demand, the price of R134a rose slightly. It is expected that the price of R22 will continue to fluctuate slightly at the current level in the short term, and the price of R134a is expected to continue to rise.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com