1、 Price trend

According to the price monitoring of the business agency, the average ex factory price of the mainstream manufacturers on April 19 was 22333.33 yuan / ton, which was the same as that at the beginning of the week. On April 19, the R134a commodity index was 81.71, flat with yesterday, down 18.29% from the highest point in the cycle of 100.00 (2019-09-02), and up 0.75% from the lowest point of 81.10 on March 4, 2020. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R134a refrigerant market is weak this week. In recent years, the price of raw material end has been lowered, while the terminal demand is weak, the automobile industry has not fully recovered its capacity, domestic and foreign demand is poor, and the new capacity has not been released. In the weak market of supply and marketing, the price of refrigerant R134a is in danger of falling. According to the price monitoring of the business agency, as of April 19, the market price of refrigerant R134a was concentrated around 19800 yuan / ton – 25000 yuan / ton.

Industry chain: Recently, the price trend of domestic hydrofluoric acid market has fallen. The enterprise reflects that the current spot supply of hydrofluoric acid is sufficient. Due to the impact of public health events, the downstream demand is reduced. The recent market of hydrofluoric acid in the field is poor. Due to the poor downstream demand, the market price trend of hydrofluoric acid is declining. With sufficient supply of fluorite and poor downstream demand, the business community believes that the market price of hydrofluoric acid may be slightly lower.

Industry: according to the price monitoring of the business agency, in the 15th week of 2020 (4.13-4.17), there are 38 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, among which 14 kinds of commodities rising by more than 5%, accounting for 15.7% of the number of commodities monitored in the sector; the top three commodities are acrylic acid (25.40%), maleic anhydride (19.02%) and crude benzene (15.55%). There are 21 kinds of goods falling on a month on month basis, with 8 kinds of goods falling by more than 5%, accounting for 9% of the number of goods monitored in the sector; the top three products falling are propylene (- 34.79%), propylene oxide (- 13.77%) and propane (- 11.46%). This week’s average was up or down 1.02%.

3、 Future forecast

According to refrigerant analysts of the business club, it is difficult to boost the demand side of refrigerant R134a at present, the raw material side and the demand side are weak, the market trading is cold, and the refrigerant R134a market is expected to fall in the short term.