1、 Price trend
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According to the Commodity Market Analysis System of the Business Society, as of April 28th, the average price of refrigerant R22 was 20500.00 yuan/ton, a decrease of 1.60% from the beginning of the month’s price of 20833.33 yuan/ton, and an increase of 16.04% compared to the same period last year
According to the Commodity Market Analysis System of the Business Society, as of April 28th, the average price of refrigerant R134a was 25333.33 yuan/ton, a decrease of 0.65% from the beginning of the month’s price of 25500.00 yuan/ton, and an increase of 4.83% compared to the same period last year.
2、 Market analysis
In April, the domestic price of chloroform continued to decline, with a sharp decline of 11.21% in the month as a whole, and the price of hydrofluoric acid rebounded slightly from the bottom, with an overall increase of 4.81% in the month. In general, the price of R22 upstream raw materials continued to decline, and under the pressure of raw material costs, the domestic price of R22 continued to operate under pressure in April. Supported by the reduction of domestic R22 production quota in 2023 and the demand in the peak season, the overall decline space of domestic R22 market price in April was limited.
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In April, the domestic price of trichloroethylene continued to decline, with an overall significant drop of over 10% at the end of the month. The price of hydrofluoric acid rebounded slightly from the bottom, rising by 4.81% within the month. Overall, the upstream raw material cost price of R134a still showed a weak downward trend, and under cost suppression, the overall pressure on the domestic R134a price in April was weak and adjusted.
In terms of raw materials, on the whole, although the price of domestic hydrofluoric acid rebounded from the bottom in April, the overall price was still at a low level, and the cost of raw materials continued to fluctuate at a low level. In the future, the price of domestic refrigerant market could not keep rising.
3、 Future Market Forecast
Refrigerant analysts from Business Society believe that the cost of raw materials continues to decline, and under cost suppression, it is expected that the domestic prices of R22 and R134a will decline to varying degrees in May. Supported by low inventory and the gradual recovery of demand for hot refrigerants due to weather conditions, the overall price decline space for domestic refrigerants R22 and R134a in May is limited.
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