Cost rises, demand rises, refrigerant prices continue to rise

1、 Price trend


Sulfamic acid 

According to the monitoring data of Business News Agency, as of March 10, the average price of refrigerant R22 was 20333.33 yuan/ton, up 5.17% from 19333.33 yuan/ton at the beginning of the month and 16.19% from the same period last year


According to the monitoring data of Business News Agency, as of March 10, the average price of refrigerant R134a was 25000.00 yuan/ton, up 3.38% from the price of 24666.67 yuan/ton at the beginning of the month, which was the same as that of the same period last year.


2、 Market analysis


In March, the domestic price of trichloromethane continued to rise. As of March 10, the price of trichloromethane rose 7.03% in the month, while the price of hydrofluoric acid fell 0.58%. In general, the cost of raw materials in the upstream of R22 continued to rise. Supported by the rising cost of raw materials, the manufacturers continued to raise the factory price of R22 after March, driving the domestic market price of R22 to continue to rise.


With the gradual rise of domestic temperature, the domestic refrigerant consumption demand has gradually warmed up, and the domestic refrigerant R22 price has also been supported by the steady demand in the downstream.


Sulfamic acid 99.80%

In March, the domestic trichloroethylene price remained stable and the hydrofluoric acid price declined slightly. As of March 10, the hydrofluoric acid price fell slightly by 0.58% in the month. In general, the upstream raw material cost of R134a was generally weak. Supported by the overall low inventory of domestic R134a and the recovery of refrigerant demand after the temperature rose, the domestic R134a price rose slightly in March.


In terms of raw materials, compared with the domestic hydrofluoric acid price in previous years, the domestic hydrofluoric acid price will continue to run at a relatively low level after the overall rise and fall in 2023, and the continued low cost of raw materials will have a certain effect on the continued rise of the domestic R134a price in the future.


3、 Aftermarket forecast


Refrigerant analysts of the Business Agency believe that in terms of R22, the price of trichloromethane has risen sharply, and the peak season of refrigerant demand is approaching, supported by the double benefits of cost and demand, it is expected that the domestic R22 market price will still have some room for recovery in the short term. For R134a, the raw material cost continues to fluctuate at a low level, the temperature rises, the demand for refrigerant improves, and the price of domestic refrigerant R134a will continue to rise in the short term.

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