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SunSirs: Refrigerant Prices Continued to Rise

April 09 2024 11:06:32     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 7th, the average price of refrigerant R22 was 24,833.33 RMB/ton, an increase of 2.76% from the beginning of the month's price of 24,166.67 RMB/ton, and a 19.20% increase from the same period last year.

According to the Commodity Market Analysis System of SunSirs, as of April 7th, the average price of refrigerant R134a was 31,000.00 RMB/ton, an increase of 1.09% from the beginning of the month's price of 30,666.67 RMB/ton, and a decrease of 21.57% compared to the same period last year.

Analysis review

In late March, the domestic price of hydrofluoric acid rose again, while the overall price of chloroform remained stable and continued to rise. In addition, with the arrival of the peak season for refrigerant demand, supported by costs and demand, manufacturers raised the factory price of R22 again in April, driving the domestic R22 market price to continue to rise.

Starting from late March, domestic hydrofluoric acid prices had significantly increased, while trichloroethylene prices had slightly increased. The continuous increase in raw material costs had provided strong support for domestic R134a prices. In addition, downstream active stocking had led to a slight increase in factory prices by domestic manufacturers in April, driving up domestic R134a prices.

Market outlook

According to refrigerant analysts from SunSirs, with the dual support of cost and demand, it is expected that domestic R22 and R134a prices will continue to remain strong in the short term.

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

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