SunSirs: Refrigerant Prices Rose Strongly after the Spring Festival

https://www.chemnet.com   Feb 27,2024 SunSirs

　　Price trend

　　According to the Commodity Market Analysis System of SunSirs, after the Spring Festival, the domestic refrigerant R22 market prices had risen comprehensively. As of February 23, the average price of refrigerant R22 was 23,666.67 RMB/ton, an increase of 5.97% from the price of 22,333.33 RMB/ton on February 17, and an increase of 22.41% compared to the same period last year.

　　According to the Commodity Market Analysis System of SunSirs, after the Spring Festival, the price of refrigerant R134a in China had significantly increased. As of February 23, the average price of refrigerant R134a was 30,666.67 RMB/ton, an increase of 5.14% from February 17's price of 29,166.67 RMB/ton, and an increase of 24.32% compared to the same period last year.

　　Analysis review

　　After the Spring Festival, the domestic price of chloroform continued to rise, with an overall increase of 2.11% within 7 days. The price of hydrofluoric acid remained stable and the cost of raw materials was relatively strong. In addition, the refrigerant quota policy was implemented, and R22 quotas were once again reduced. Trade entities were optimistic about the future market, and the refrigerant industry as a whole entered a business cycle with sufficient expectations. In addition, the downstream stocking season was approaching, and manufacturers had a strong attitude towards price support, the domestic R22 market price continued to rise.

　　After the Spring Festival, the overall price of domestic hydrofluoric acid remained stable and continued to move forward. Supported by the implementation of refrigerant quota policies, the refrigerant industry continued to optimize, and the situation of price competition had weakened. In addition, the downstream refrigerant stocking season in March was approaching, and manufacturers had a strong attitude of price support, supporting the strong upward trend of domestic refrigerant R134a prices.

　　Market outlook

　　According to refrigerant analysts from SunSirs, supported by cost and demand, the prices of domestic refrigerants R22 and R134a will continue to remain strong in the short term.

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