1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of tetrachloroethylene on May 31st was 5025 yuan/ton, and on May 1st, the average market price of tetrachloroethylene was 5050 yuan/ton. The average high point price during the month was 5212 yuan/ton, and the average low point price during the month was 5012 yuan/ton. In May, the market price of tetrachloroethylene decreased by 0.5%.

2、 Analysis and Review

In early May, the price of tetrachloroethylene slightly decreased. According to customs data, the import volume of tetrachloroethylene in April was about 25 times that of last year. The import volume of tetrachloroethylene in the first four months of this year was 16338.322 tons, an increase of about 119% compared to last year, and the export volume was 5870.04 tons, a decrease of about 8.75%. Downstream enterprises actively purchased from abroad, and domestic market demand weakened. Enterprises have started construction at a high level, with stable supply. The market for tetrachloroethylene has slightly increased in the middle of the month, and some enterprises have undergone equipment maintenance, resulting in a weakening of market supply. At the end of the month, the demand side showed weak performance, downstream market weakened, equipment maintenance and procurement declined, leading to a decline in the tetrachloroethylene market.

In early May, the downstream refrigerant R125 market continued to operate steadily at a high level. With the arrival of summer, the demand for downstream industries such as air conditioning, commercial refrigeration, and chillers increased, and the optimistic atmosphere in the industry continued. Driven by the “trade in” campaign in various regions on May Day, retail enterprises such as automobiles and household appliances saw year-on-year growth of 4.8% and 7.9%, respectively. Provide incremental demand space for refrigerants. In mid May, the R125 market fell, with prices ranging from 40000 to 40500 yuan/ton, a decrease of about 4000 yuan/ton from the beginning of the month. It is understood that the quota for R125 in the first four months of this year has been over utilized overall. Recently, shipping costs have increased, cabin shortages have occurred, and exports may be delayed. Domestic market demand is limited, and market prices have fallen slightly, still operating at a relatively high level.

3、 Future Market Forecast

Business Society’s tetrachloroethylene analyst believes that the downstream refrigerant market has fallen but remains relatively high and strong, and it is expected that the price of tetrachloroethylene will remain stable in the short term.