1、 Price trend
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According to monitoring data from Business News Agency, as of March 17, the average price of refrigerant R22 was 20666.67 yuan/ton, an increase of 6.90% compared to the price of 19333.33 yuan/ton at the beginning of the month, and an increase of 18.10% compared to the same period last year
According to monitoring data from the Business News Agency, as of March 17, the average price of refrigerant R134a was 25500.00 yuan/ton, an increase of 3.38% compared to the price of 24666.67 yuan/ton at the beginning of the month, and the overall level compared to the same period last year.
2、 Market analysis
In the middle of March, the domestic price of chloroform rose and fell back. As of March 17, the price of chloroform rose 2.34% during the month, while the price of hydrofluoric acid fell 0.58% slightly. Overall, the overall increase in the cost of raw materials upstream of R22 has stabilized, with relatively high raw material costs. In addition, the weather has gradually returned, and the demand for refrigerant has gradually warmed up. Supported by cost and demand, the domestic price of refrigerant R22 has continued to operate steadily and moderately strong this week.
In the middle of March, the domestic trichloroethylene price remained stable, while the hydrofluoric acid price slightly decreased. As of March 17, the hydrofluoric acid price fell slightly by 0.58% during the month. Overall, the upstream raw material cost of R134a was generally weak, and supported by the recovery of gas temperature and refrigerant demand, the domestic refrigerant R134a price remained stable this week.
In terms of raw materials, compared to previous years’ domestic hydrofluoric acid prices, in 2023, the overall domestic hydrofluoric acid price will continue to be at a relatively low level after rising and falling, and the continued low cost of raw materials will play a certain role in suppressing the domestic R134a price in the future.
3、 Aftermarket Forecast
Refrigerant analysts from Business News believe that the rising trend of raw material costs is stabilizing, and supported by a slight rebound in demand, it is expected that the domestic R22 market price will continue to be strong in the short term. The continued weakness of raw material costs will form a certain pressure on the domestic R134a price in the future, and the price of R134a in the future will continue to recover with insufficient momentum. It is expected that in the short term, the overall domestic R134a price will be at the current level for consolidation operation.
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