Refrigerant prices continue to rise

1、 Price trend

 

According to the Commodity Market Analysis System of Business Society, as of April 7th, the average price of refrigerant R22 was 24833.33 yuan/ton, an increase of 2.76% from the beginning of the month’s price of 24166.67 yuan/ton, and a 19.20% increase from the same period last year

 

According to the Commodity Market Analysis System of Business Society, as of April 7th, the average price of refrigerant R134a was 31000.00 yuan/ton, an increase of 1.09% from the beginning of the month’s price of 30666.67 yuan/ton, and a decrease of 21.57% compared to the same period last year.

 

2、 Market analysis

 

In late March, the domestic price of hydrofluoric acid rose again, while the overall price of trichloromethane 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 have significantly increased, while trichloroethylene prices have slightly increased. The continuous increase in raw material costs has provided strong support for domestic R134a prices. In addition, downstream active stocking has led to a slight increase in factory prices by domestic manufacturers in April, driving up domestic R134a prices.

 

3、 Future Market Forecast

 

According to refrigerant analysts from Business Society, 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.

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