1、 Price trend
According to the Commodity Market Analysis System of the Business Society, as of September 22, the average price of refrigerant R22 was 21500.00 yuan/ton, an increase of 1.90% compared to the initial price of 21100.00 yuan/ton at the beginning of the month and an increase of 17.27% compared to the same period last year
According to the Commodity Market Analysis System of Business Society, as of September 22, the average price of refrigerant R134a was 26000.00 yuan/ton, an increase of 4.98% compared to the beginning of the month price of 24766.67 yuan/ton, and an increase of 1.30% compared to the same period last year.
2、 Market analysis
This week, the domestic price of chloroform continued to rise, rising by 9.31% during the week. The overall price of hydrofluoric acid remained stable and advanced, while the upstream raw material cost of R22 continued to rise. The remaining quota quantity of enterprises was generally low, and the domestic downstream demand was relatively stable. The market supply and demand entered a stalemate, and the overall domestic R22 market price remained stable and advanced this week.
Supported by the rebound in demand for foreign trade orders, the domestic R134a price continued to rise in September. With the stabilizing trend of domestic hydrofluoric acid prices, downstream trading entities in China are more cautious in demand, and the market supply and demand game shows that the overall domestic R134a price remained stable and advanced this week.
In terms of raw materials, the domestic price of hydrofluoric acid has rebounded from the bottom and remained stable overall. A slight increase in raw material costs will provide some support for the future refrigerant market prices.
3、 Future Market Forecast
Refrigerant analysts from Business Society believe that the cost of raw materials continues to rise, and manufacturers’ attitude towards price increases remains unchanged. In the short term, there is still some room for domestic refrigerant R22 and R134a prices to rise. Domestic traders have poor willingness to stock up, and downstream procurement is more cautious. The market supply and demand game is constantly intensifying, and the overall space for refrigerant prices to continue to rise is limited.
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