SunSirs: Refrigerant Prices Fluctuated Forward (August 14-18)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of August 18th, the average price of refrigerant R22 was 21,100.00 RMB/ton, a decrease of 0.78% from the beginning of the month's price of 21,266.67 RMB/ton, and an increase of 20.57% compared to the same period last year.

According to the Commodity Market Analysis System of SunSirs, as of August 18th, the average price of refrigerant R134a was 24,766.67 RMB/ton, which was the same as the beginning of the month and an increase of 1.78% compared to the same period last year.

Analysis review

As of August 18th, the domestic price of chloroform had slightly declined, with a 3.03% drop within the month. The price of hydrofluoric acid had slightly rebounded, with a 0.88% increase within the month. Upstream raw material prices had slightly declined. This week, some enterprises slightly lowered the factory price of R22, driving a slight decline in the domestic R22 market price.

As of August 18th, the domestic price of trichloroethylene continued to operate at a low level, while the price of hydrofluoric acid had slightly rebounded, rising by 0.88% within the month. The cost of raw materials had remained low, and supported by the rigid demand of summer refrigerants, the overall domestic price of R134a remained stable and forward this week.

In terms of raw materials, overall, the domestic hydrofluoric acid prices continued to be relatively low, and the domestic refrigerant market prices will continue to be under pressure in the future.

Market outlook

According to refrigerant analysts from SunSirs, the upstream raw material costs were fluctuating, and the overall inventory of the refrigerant industry was low. In the third quarter, downstream demand remained high, and manufacturers had a strong attitude towards price support. Long and short gamed, and it is expected that the prices of domestic refrigerants R22 and R134a will continue to fluctuate slightly at the current level in the short term.

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