SunSirs: Refrigerant Prices Rebounded Slightly in July

Price trend

According to the monitoring data of SunSirs, the price of domestic refrigerant R22 stopped falling and rebounded in July. On July 29, the average price of refrigerant R22 was 17,000.00 RMB/ton, which was the same as the price at the beginning of the month at 17,000.00 RMB/ton, and compared with the same period last year, up 5.15%.

According to the monitoring data of SunSirs, the price of domestic refrigerant R134a continued to rise in July. As of July 29, the average price of refrigerant R134a was 22,500.00 RMB/ton, an increase of 5.74% compared with the price at the beginning of the month of 21,333.33 RMB/ton, and compared with the same period last year, up 8.87%.

Analysis review

In July, the fundamentals of refrigerant R22 did not fluctuate much, and the company's offer stopped falling and rebounded slightly, and the overall fluctuated slightly at a low level. The price of the raw material chloroform continued to fall within the month, the overall hydrofluoric acid was weak and stable, the cost of raw materials continued to decline, and refrigerant companies had difficulties in shipping, and the cost continued to suppress the domestic R22 price. Summer is the peak season for refrigerant demand. Under the support of demand, the overall domestic R22 price has stopped falling and stabilized.

In July, the overall price of upstream raw material hydrofluoric acid was weak and stabilized, the price of trichloroethylene rose slightly, and the cost of raw materials rose slightly. In addition, summer is the traditional peak season for refrigerant demand, and with the support of downstream demand, the price of refrigerant R134a continued to rise in July.

Market outlook

Refrigerant analysts of SunSirs believe that the cost of raw materials has rebounded slightly, and the peak demand season is coming. Under the support of cost and demand, it is expected that the price of domestic refrigerant R134a will continue to rise in August. The cost of upstream raw materials for R22 has declined slightly, and the cost will suppress the market price of R22 in August. It is expected that the overall recovery of R22 price in August will be limited.

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