SunSir: Refrigerant Prices Remained Stable and Operated Forward (July 10-14)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 14th, the average price of refrigerant R22 was 20,433.33 RMB/ton, which was generally unchanged from the beginning of the month and increased by 21.39% compared to the same period last year.

According to the Commodity Market Analysis System of SunSirs, as of July 14th, the average price of refrigerant R134a was 24,600.00 RMB/ton, a decrease of 1.34% compared to the beginning of the month price of 24,933.33 RMB/ton, and an increase of 12.67% compared to the same period last year.

Analysis review

As of July 14, the domestic price of chloroform continued to decline, falling 11.11% in the month. The price of hydrofluoric acid was stable and weaker, falling 0.74% in the month. The price of upstream raw materials continued to decline. Supported by the factors of the peak demand season for refrigerants in summer, the manufacturers' price mentality remained unchanged, and the overall offer price was temporarily stable. This week, the domestic R22 market price was stable as a whole.

In the middle of July, the domestic trichloroethylene price continued to operate at a low level, the hydrofluoric acid price continued to be weaker, falling 0.74% in the month, and the raw material price continued to be low. In addition, the R134a market demand was less than expected, the manufacturer slightly reduced the R134a ex factory price, and the domestic R134a market price was stable and weaker on the whole.

In terms of raw materials, the domestic prices of hydrofluoric acid continued to be weaker, and the sustained low prices of raw materials will further suppress the future refrigerant market prices.

Market outlook

Refrigerant analysts from SunSirs believe that the cost of raw materials continued to decline, and downstream demand was less than expected. Under the pressure of many negative factors, the overall market prices of domestic refrigerants R22 and R134a will be weaker under pressure in the short term.

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