SunSirs: Refrigerant Prices Remained Stable and Moved Forward (June 5-9)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of June 9th, the average price of refrigerant R22 was 20,500.00 RMB/ton, which was generally the same as the beginning of the month and an increase of 20.59% compared to the same period last year.

According to the Commodity Market Analysis System of SunSirs, as of June 9th, the average price of refrigerant R134a was 25,166.67 RMB/ton, which was unchanged from the beginning of the month and increased by 19.84% compared to the same period last year.

Analysis review

In June, the price of upstream raw material chloroform was stable and weaker, falling 4.4% in the month, and the price of hydrofluoric acid was weaker, falling 0.29% slightly in the month. The cost of raw materials continued to be adjusted weaker. With the support of the peak demand season for refrigerants in summer, the quotation of enterprises continued to be stable this week.

In June, the price of upstream raw material trichloroethylene was stable and weaker on the whole, and the price of hydrofluoric acid was weaker, with a slight drop of 0.29% in the month. The price of upstream raw material was stable and weaker on the whole. Summer was the peak demand season for traditional refrigerants, and the manufacturers had a strong attitude of price supportive on the whole. The refrigerant price continued to move forward steadily this week.

In terms of raw materials, the domestic hydrofluoric acid prices continue to be weaker, which will further suppress the domestic refrigerant market prices in the future.

Market outlook

According to refrigerant analysts from SunSirs, the cost of raw materials continued to be weaker, and downstream demand was not strong during the peak season. In addition, the prices of domestic refrigerants R22 and R134a continued to operate at high levels, and downstream trading entities were cautious in purchasing and selling. Under the pressure of many negative factors, the prices of domestic refrigerants R22 and R134a will be under pressure overall in the short term.

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