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SunSirs: Refrigerant Prices Slightly Decreased in April

May 05 2023 13:43:36     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 28th, the average price of refrigerant R22 was 20,500.00 RMB/ton, a decrease of 1.60% from the beginning of the month's price of 20,833.33 RMB/ton, and an increase of 16.04% compared to the same period last year.

According to the Commodity Market Analysis System of SunSirs, as of April 28th, the average price of refrigerant R134a was 25,333.33 RMB/ton, a decrease of 0.65% from the beginning of the month's price of 25,500.00 RMB/ton, and an increase of 4.83% compared to the same period last year.

Analysis review

In April, the domestic price of chloroform continued to decline, with a sharp decline of 11.21% in the month as a whole, and the price of hydrofluoric acid rebounded slightly from the bottom, with an overall increase of 4.81% in the month. In general, the price of R22 upstream raw materials continued to decline. Under the pressure of raw material costs, the domestic R22 price continued to be weaker under pressure in April. Supported by the reduction of domestic R22 production quota in 2023 and demand in peak season, the overall decline space of domestic R22 market price in April was limited.

In April, the domestic price of trichloroethylene continued to decline, with an overall significant drop of over 10% at the end of the month. The price of hydrofluoric acid rebounded slightly from the bottom, rising by 4.81% within the month. Overall, the upstream raw material cost prices of R134a still showed weak downward trend, and under cost suppression, the overall price of domestic R134a in April was adjusted to be weaker.

In terms of raw materials, on the whole, although the price of domestic hydrofluoric acid rebounded from the bottom in April, the overall price was still at a low level, and the cost of raw materials continued to fluctuate at a low level.

Market outlook

Refrigerant analysts from SunSirs believe that the cost of raw materials continues to decline, and under cost suppression, it is expected that the domestic prices of R22 and R134a will decline to varying degrees in May. Supported by low inventory and a gradual rebound in demand for refrigerants due to weather becoming hot, the overall price decline space of domestic refrigerants R22 and R134a in May will be limited.

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

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