SunSirs: Refrigerant Prices Had slightly Decreased (November 6-10)
November 14 2023 11:14:16 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of November 10th, the average price of refrigerant R22 was 21,600.00 RMB/ton, a decrease of 0.77% from the beginning of the month's price of 21,766.67 RMB/ton, and an increase of 17.18% compared to the same period last year.
According to the Commodity Market Analysis System of SunSirs, as of November 10th, the average price of refrigerant R134a was 27,666.67 RMB/ton, a decrease of 0.60% from the beginning of the month's price of 27,833.33/ton, and an increase of 8.50% compared to the same period last year.
Analysis review
In November, due to the continuous decline and suppression of high raw material prices, some manufacturers had slightly lowered the market price of R22, leading to a slight decline in the domestic R22 market price.
In November, the price of hydrofluoric acid slightly decreased, and the cost of raw materials slightly decreased. As a result, manufacturers slightly lowered the factory price of R134a, leading to a slight decline in domestic R134a prices.
In terms of raw materials, after entering November, the domestic hydrofluoric acid price rose slightly and then fell slightly. As of November 10th, the hydrofluoric acid price fell by 0.15% during the month, and the raw material cost fell again. In addition, the demand for refrigerants in the fourth quarter was weak, and the domestic refrigerant market prices will be under pressure overall in the future.
Market outlook
Refrigerant analysts from SunSirs believe that the cost of raw materials continued to decrease, and the demand for refrigerants in the fourth quarter had weakened. In the short term, domestic R22 and R134a prices will mainly be weaker under pressure.
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