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R22 R134a News
SunSirs: Refrigerant Price Operated to Be stronger (March 13-17)
March 22 2023 13:28:05SunSirs(John)

Price trend

According to monitoring data from SunSirs, as of March 17, the average price of refrigerant R22 was 20,666.67 RMB/ton, an increase of 6.90% compared to the price of 19,333.33 RMB/ton at the beginning of the month, and an increase of 18.10% compared to the same period last year.

According to monitoring data from SunSirs, as of March 17, the average price of refrigerant R134a was 25,500.00 RMB/ton, an increase of 3.38% compared to the price of 24,666.67 RMB/ton at the beginning of the month, and was flat compared to the same period last year.

Analysis review

In the middle of March, the domestic price of chloroform rose and then fell back. As of March 17, the price of chloroform rose 2.34% during the month, while the price of hydrofluoric acid fell 0.58% slightly. Overall, the overall increase in raw material costs in the upstream of R22 stabilized, with relatively high raw material costs. In addition, the weather had gradually picked up, and the demand for refrigerant had gradually warmed up. Supported by costs and demand, the domestic refrigerant R22 price continued to operate stably and to be stronger this week.

In the middle of March, the domestic trichloroethylene price remained stable, while the hydrofluoric acid price slightly decreased. As of March 17, the hydrofluoric acid price fell slightly by 0.58% during the month. Overall, the upstream raw material cost of R134a was generally weak, and supported by the recovery of gas temperature and refrigerant demand, the domestic refrigerant R134a price remained stable this week.

In terms of raw materials, compared to previous years' domestic hydrofluoric acid prices, in 2023, the overall domestic hydrofluoric acid price continued to be at a relatively low level after rising and falling back, and the continued low cost of raw materials will play a certain role in suppressing the domestic R134a price in the future.

Market outlook

Refrigerant analysts from SunSirs believe that the rising trend of raw material costs stabilized, and supported by a slight rebound in demand, it is expected that the domestic R22 market price will continue to be strong in the short term. The continued weakness of raw material costs will form a certain pressure on the domestic R134a price in the future, and there is insufficient momentum for the continued recovery of the domestic R134a price. It is expected that in the short term, the overall domestic R134a price will be at the current level for consolidation operation.

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