SunSirs: Refrigerant Market Price Declined Slightly (October 31-November 4)

Price trend

According to the monitoring data of SunSirs, as of November 4, the average price of refrigerant R22 was 18,433.33 RMB/ton, 1.25% lower than the price of 18,666.67 RMB/ton at the beginning of the month, and 30.00% lower than the same period last year.

According to the monitoring data of SunSirs, as of November 4, the average price of refrigerant R134a was 25,500.00 RMB/ton, 1.29% lower than the price of 25,833.33 RMB/ton at the beginning of the month, and 49.67% lower than the same period last year.

Analysis review

Refrigerant R22 fundamentals did not fluctuate much this week. The raw material chloroform continued to decline in October, the overall hydrofluoric acid bottomed out slightly in October, and the raw material cost continued to fluctuate at a low level. The downstream had a strong wait-and-see attitude as a whole, and it was difficult for refrigerant enterprises to ship. Under the cost suppression, some enterprises in November lowered the factory price slightly, driving the domestic R22 price down slightly.

In October, the price of upstream raw material hydrofluoric acid rebounded slightly from the bottom, the price of trichloroethylene fell nearly 10%, the cost of raw materials continued to operate at a low level, and the downstream had a strong wait-and-see attitude. The price of refrigerant R134a decreased slightly in early November.

In terms of raw materials, the overall trend of domestic hydrofluoric acid price rebounded in October, and the rebound of hydrofluoric acid price will play a certain role in supporting domestic refrigerant prices in the future. Influenced by the slack season of refrigerant demand in the fourth quarter, the overall supporting role is limited.

Market outlook

Refrigerant analysts from SunSirs believe that the price of domestic refrigerant R22 and R134a still has some room to fall under the pressure of cost and demand in the short term.

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