1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of February 29th, the average price of refrigerant R22 was 23666.67 yuan/ton, an increase of 9.57% from the beginning of the month’s price of 21600.00 yuan/ton, and an increase of 22.41% from the same period last year

According to the Commodity Market Analysis System of Business Society, as of February 29th, the average price of refrigerant R134a was 30666.67 yuan/ton, an increase of 7.60% from the beginning of the month’s price of 28500.00 yuan/ton, and an increase of 24.32% compared to the same period last year.

2、 Market analysis

In February, the domestic price of trichloromethane continued to rise, rising by 6.52%. The cost of raw materials continued to rise, and with the issuance of refrigerant quotas, R22 quotas were once again reduced. Most trading entities were bullish on the future market. In addition, the downstream stocking season is approaching, and manufacturers have a strong attitude towards price support, supporting the continuous upward trend of domestic R22 market prices in February.

Entering February, the quota policy for third-generation refrigerants has been implemented, and the refrigerant industry pattern continues to optimize. The price war among manufacturers has weakened, and the refrigerant industry as a whole has entered a business cycle. In addition, with the upcoming peak season for downstream refrigerant stocking in March, manufacturers have maintained a strong price stance, supporting the strong upward trend of domestic refrigerant R134a prices.

In February, domestic hydrofluoric acid prices remained stable with a weak trend, resulting in an overall decline of 0.5%. The stable and weak trend in raw material costs will to some extent limit the overall increase in domestic refrigerants in the future.

3、 Future Market Forecast

According to refrigerant analysts from Business Society, overall, the upstream raw material costs of domestic refrigerants are stable and slightly strong. Downstream is about to enter the peak stocking season, and with the support of costs and demand, it is expected that the prices of domestic refrigerants R22 and R134a will continue to remain strong in March.