The recent refrigerant market continues to run strong pattern, in the supply side of the control and the demand side of the recovery of the dual drive, the mainstream product prices show high climbing trend. Industry operation presents three core features:
Production quota management system continues to play a regulatory role, superimposed on the summer refrigeration equipment maintenance season brought about by the rigid restocking demand, the market bullish expectations continue to strengthen. The current price range has been in the year's high, but supported by supply and demand fundamentals, short-term correction pressure is limited, the overall continuation of the oscillation upward channel.
R22 varieties subject to annual production quota constraints, the supply side continued to contract, the head of the enterprise quotation system to maintain firm. Downstream maintenance market demand procurement and upstream price willingness to form a confrontation, the market game features obvious, the transaction price showed high consolidation trend. r134a varieties benefited from the automotive air-conditioning aftermarket warming and overseas orders incremental, superimposed on part of the production enterprise device maintenance caused by the phased supply contraction, the mainstream manufacturers price strategy effective, the market continues to ferment bullish sentiment. r32 varieties performance is particularly strong! In the terminal air conditioning industry scheduling plan continued to revise the background, the production enterprises to prioritize the protection of long term customer supply, resulting in tightening the market circulation of supplies, supply and demand gap to promote the price to continue to climb high trend.
As the temperature rises, air conditioning, automotive and other end-use applications into the traditional peak season of consumption, downstream enterprises steadily increased the work rate. But subject to the quota management system on the supply side of the rigid constraints, R32, R134a and other main varieties of market supply flexibility is limited, the local supply of tight situation is difficult to alleviate in the short term. Comprehensive supply and demand factors, in the cost support and demand pull resonance effect, it is expected that the market part of the refrigerant model still exists 5% -8% of the price upward space, market participants need to pay close attention to the quota balance release rhythm and end demand continuity.
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