SunSirs: Refrigerant Prices Were Running Stronger (September 11-15)
September 19 2023 10:34:34 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of September 15th, the average price of refrigerant R22 was 21,500.00 RMB/ton, an increase of 1.90% from the beginning of the month's price of 21,100.00 RMB/ton, and an increase of 18.35% compared to the same period last year.
According to the Commodity Market Analysis System of SunSirs, as of September 15th, the average price of refrigerant R134a was 26,000.00 RMB/ton, an increase of 4.98% compared to the beginning of the month price of 24,766.67 RMB/ton, and an increase of 1.30% compared to the same period last year.
Analysis review
In mid September, the domestic price of chloroform significantly rebounded, while the price of hydrofluoric acid continued to rise. As of September 15th, the price of chloroform increased by 9.13% and the price of hydrofluoric acid increased by 2.82%. The cost of raw materials continued to rise, and with cost support, the price of R22 slightly increased during the month.
As of September 15th, the overall price of trichloroethylene in China had remained stable, while the price of hydrofluoric acid continued to rise, rising by 2.82% during the month. The cost of raw materials slightly increased, and with the support of downstream demand and costs, the price of R134a in China had continued to rise this week, rising by 2.63%.
In terms of raw materials, domestic hydrofluoric acid prices continued to rise, and with the support of higher raw material costs, it is expected that domestic refrigerant prices will continue to be stronger.
Market outlook
Refrigerant analysts from SunSirs believe that, supported by cost and demand, it is expected that the prices of domestic refrigerants R22 and R134a will continue to be stable and stronger in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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