Air conditioning production increased year-on-year in the second quarter, and the prices of third-generation refrigerants continued to rise

The data shows that the domestic sales and production of air conditioners will continue to rise in the first half of 2025, with passive reduction in concession exports in January and February, and gradually increasing production in March. In addition to seasonal stocking factors, the promotion of the two new policies also has a significant impact. In May, as the 618 promotion node approaches the peak demand season, the production performance showed strong growth.

Driven by the hot summer weather in the second quarter, refrigerant consumption entered the peak season for transmission, and trading activity gradually increased against the backdrop of low inventory. Looking ahead to the third quarter, with the continued implementation of the "trade in" policy and the gradual entry of enterprises into maintenance cycles after high load production in the first half of the year, it is expected that market prices will show a monthly incremental upward trend in the third quarter, and the market is expected to further strengthen under a moderate boost.