Recent price trends of refrigerants

     The market prices of some refrigerant varieties continued to rise today, with significant changes in the circulating market prices of R404, R507 and other varieties. At the end of the year, the remaining quota for enterprises was reduced to a limited level. In December, the industry inspection and repair area expanded, and the tight supply atmosphere continued to spread. The downstream home appliance companies' production data showed impressive growth, with an expected year-on-year growth rate of up to 40% in December. The reduction in supply and the increase in demand are expected to further stimulate market prices to enter a new level.

     Looking at different varieties specifically, R22 quotas are scarce but downstream demand is significantly reduced. Under the stalemate, enterprises are mainly accumulating inventory and waiting for the outbreak of supply reduction and mismatch next year; Insufficient production reduction quotas for R125 enterprises, shortage of R410a market supply, and resulting in rising product prices; At present, the quotation of R134a factory has been raised to 42000 yuan/ton, and the circulation market transactions have been gradually confirmed; R32 products are mainly sold to air conditioning enterprises. The tight trend in December is evident, and offers are expected to continue to break through previous highs. The selling price of orders in the first quarter is still expected to rise. The quotations of R404 and R507 factories continue to increase, with the current enterprise offer rising to 41000 yuan/ton, an increase of 5000 yuan/ton compared to the market, and there is an intention to continue to increase. After a short period of silence, the prices are slowly rising against the backdrop of the upcoming large-scale production reduction by enterprises.

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