SunSirs: Refrigerant Prices Had Slightly Decreased (October 16-20)
October 25 2023 14:43:28 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of October 20th, the average price of refrigerant R22 was 21,766.67 RMB/ton, an increase of 1.24% compared to the beginning of the month price of 21,500.00 RMB/ton, and an increase of 16.61% compared to the same period last year.
According to the Commodity Market Analysis System of SunSirs, as of October 20th, the average price of refrigerant R134a was 27,833.33 RMB/ton, a slight decrease of 0.60% compared to the beginning of the week price of 28,000.00 RMB/ton, and an increase of 7.74% compared to the same period last year.
Analysis review
This week, the prices of chloroform and hydrofluoric acid in China remained stable, and the overall cost of raw materials stabilized. The market purchase and sales remained relatively stable, supporting the continued stable progress of domestic R22 market prices.
This week, the overall domestic price of hydrofluoric acid remained stable and the trend of raw material costs had stabilized. Previously, the rapid rise in refrigerant prices had to some extent suppressed terminal consumption. Some manufacturers had slightly lowered their factory prices to ensure shipment, leading to a slight decline in the price of domestic refrigerant R134a.
In terms of raw materials, the high price of domestic hydrofluoric acid was stabilizing, and the sustained high cost of raw materials will provide strong support for refrigerant prices.
Market outlook
SunSirs’ refrigerant analysts believe that the overall high cost of raw materials was stabilizing, the downstream demand for refrigerants was generally stable, and the market supply and demand were stable. In the short term, the domestic market prices of refrigerant R22 and R134a will continue to remain stable at the current level.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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