1、 Price trend
According to the Commodity Market Analysis System of Business Society, as of November 30th, the average price of refrigerant R22 was 21600.00 yuan/ton, a decrease of 0.77% from the beginning of the month’s price of 21766.67 yuan/ton, and an increase of 16.76% compared to the same period last year
According to the Commodity Market Analysis System of Business Society, as of November 30th, the average price of refrigerant R134a was 2766.67 yuan/ton, a decrease of 0.60% from the beginning of the month’s price of 27833.33 yuan/ton, and an increase of 9.21% compared to the same period last year.
2、 Market analysis
Entering November, due to the sustained decline in raw material prices, some manufacturers have slightly lowered the market price of R22, driving a slight decline in the market price of R22 at the beginning of the month. The cost of raw materials has fluctuated and decreased, and downstream wait-and-see attitudes continue to increase. Manufacturers have a strong attitude towards price support, and the overall domestic R22 market price remains stable.
In November, the price of hydrofluoric acid slightly declined, and the cost of raw materials slightly decreased. Manufacturers subsequently slightly lowered the factory price of R134a, driving the domestic price of R134a to slightly decline after entering November. With the overall weakness and stabilization of hydrofluoric acid prices, raw material prices remain relatively high. Downstream trading entities have a strong wait-and-see attitude, and the overall trading volume in the R134a market is light. Manufacturers have a persistent attitude of price support, and the market supply and demand game continues to intensify. The overall domestic R134a market prices remain stable and move forward.
In terms of raw materials, as we enter November, the overall price of domestic hydrofluoric acid remains stable and weak. Overall, the price of hydrofluoric acid remains relatively high, and the sustained high cost of raw materials will provide strong support for the bottom price of refrigerants in the future.
3、 Future Market Forecast
According to refrigerant analysts from Business Society, the fluctuation of raw material costs is stabilizing, and downstream wait-and-see attitudes are strong. The refrigerant market trading is relatively light, and companies are supported by low inventory to maintain a price boosting mentality. The market supply and demand game has intensified, with a long short game. In the short term, the overall market prices of domestic refrigerants R22 and R134a are in a dilemma. It is expected that the prices of domestic refrigerants R22 and R134a will continue to operate at the current level with slight consolidation in November.