Market Conditions:
The refrigerant market in China is currently stable, with producers stockpiling inventory and showing no intention of lowering prices. As the year-end approaches, the market remains in a wait-and-see mode. In 2024, the competitive landscape for various refrigerants is expected to become clearer, and the production output of key companies will significantly impact supply and demand. Anticipating tighter supply, some factories have temporarily halted order intake to preserve stock and maintain pricing levels.
Market Trends by Key Refrigerant:
- R22:
Major domestic factory prices are in the range of ¥19,000–19,500 per ton. As the new year nears, HCFC allocation is being redistributed. Domestic and foreign markets are currently balanced, but allocations for domestic companies are limited, with many having already used up their quotas. - R134a:
Market prices range between ¥27,000–28,000 per ton. Downstream essential purchasing continues, but there is little improvement in either the domestic or export markets. - R125:
A quota shortage is expected. Prices are currently ¥27,000–29,000 per ton, with producers unwilling to cut margins. - R32:
The previously low-price segment has disappeared, and market prices now stand at ¥17,000–17,500 per ton. Demand is rising as air conditioning manufacturers increase their bidding activity. - R410a:
Prices are influenced by trends in raw materials R32 and R125, currently standing at ¥21,000–21,500 per ton. - R143a:
Quotas are concentrated, and prices have seen significant increases, reaching ¥32,000 per ton. A domestic quota shortage is expected, and companies are holding back on sales.
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