1、 Price trend

According to monitoring data from Business News Agency, as of March 31, the average price of refrigerant R22 was 20833.33 yuan/ton, a significant increase of 7.76% compared to the price of 19333.33 yuan/ton at the beginning of the month, and a year-on-year increase of 20.19%

According to the monitoring data of the Business News Agency, as of March 31, 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 an increase of 2.00% compared to the same period last year.

2、 Market analysis

In the first ten days of March, the domestic price of chloroform continued to rise. As of March 11, the price of chloroform had increased by 7.81% during the month, while the price of hydrofluoric acid had slightly decreased by 0.58%. The upstream raw material cost of R22 continued to rise, resulting in a rise in raw material costs. Manufacturers have successively raised the factory price of R22, driving the domestic market price of R22 to continue to rise.

In late March, the domestic price of chloroform rose and fell back. The price of chloroform fell 16.41% during the month, while the price of hydrofluoric acid stopped falling and rebounded, with a slight increase of 0.29% during the month. Overall, the overall cost of raw materials in the upstream of R22 rose and fell back, and a further decline in cost will to some extent suppress the future market price of R22.

As the domestic temperature gradually rises, the downstream demand for refrigerant continues to rise, and the steady increase in downstream demand will provide some support for the price of domestic refrigerant R22.

In March, the overall domestic trichloroethylene price remained at a relatively low level with a slight fluctuation, while hydrofluoric acid prices rebounded slightly at the end of the month. As of March 31, hydrofluoric acid prices rose slightly within the month by 0.29%. Overall, the cost of upstream raw materials for R134a rose slightly in March, coupled with the overall low inventory of domestic R134a, and the continued recovery of refrigerant demand after the gradual rise in temperature. The overall domestic R134a price rose slightly in March.

In terms of raw materials, although the domestic hydrofluoric acid price rebounded slightly in March, the overall hydrofluoric acid price rose out of the low level, and the slight rebound in hydrofluoric acid price has limited support for the future price of R134a.

3、 Aftermarket Forecast

Refrigerant analysts from Business News believe that the cost of raw materials has risen and fallen, and the peak demand season for refrigerants is approaching. The market is expected to continue to rise in the domestic R22 market due to a lack of momentum and a low cost of raw materials. It is expected that the overall price of the R22 market in April will undergo a slight correction and move forward in a volatile manner. Supported by factors such as a slight rebound in raw material costs, a recovery in costs, and the peak demand season, it is expected that the overall domestic R134a price will be stable and strong in April.