Refrigerant retail orders continue to rise slightly, with enterprise maintenance and load reduction being the main focus. Market transaction activity is low, and enterprise quotas are gradually being consumed by the end of the year. Normal production enterprises are still gradually decreasing, with high prices and low channel inventory. Currently, R134A and R22 varieties have accumulated low inventory in factories, while other varieties have low inventory in enterprises. Loose water sources are tight, and core factory orders are mainly small packaging.
The export demand growth rate of the home appliance market is significant, and the production and operation load of home appliance enterprises has gradually increased since December. The demand growth rate for R32 and R410 is significant, and this phenomenon will continue in the first quarter. Currently, the refrigerant supply is still sufficient, waiting for further demand recovery. Looking at multiple varieties: R22 loose water supply is extremely tight, factory sales are passive, and enterprises mainly sell in small packages; R125 enterprises are reducing production, domestic trade quotas are insufficient, R410a market supply is scarce, and product prices are rising as a result; R134A enterprises and circulation markets have increased to 40000-42000 yuan/ton, and the supply of loose water is tight, resulting in significant production cuts by enterprises; R32 products are mainly sold to air conditioning enterprises, with retail prices gradually rising to 42000 yuan/ton. The demand for household appliances has performed well, and the market is prone to rise but difficult to fall. R404 and R507 factories have increased their quotations by 41000 yuan/ton, resulting in slow and upward transactions. R227EA has entered the end of its quota period and the market has shown an upward trend. The factory production reduction is gradually being implemented, and the industry is self disciplined without external adjustment. The market is expected to continue to show a positive trend before the first quarter due to low inventory levels.
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