Recently, the domestic refrigerant R410A market has shown a high-level stabilization trend, driven by the high prices of R125 and R32, and the short-term bullish expectations continue to strengthen. The strong demand for downstream air conditioning production has led to enterprises prioritizing the supply of air conditioning manufacturers, resulting in a tightening of the market's available commodity volume. The mainstream ex factory quotation remains in the range of 45000 to 46000 yuan/ton, and the actual transaction price varies due to differences in order size and cooperation depth.
According to online monitoring data from the root industry, the
production of household air conditioners showed significant growth from
April to June 2025: the domestic market produced 13.42 million units in
April (+9.1% year-on-year), 14.62 million units in May (+17.4%
year-on-year), and 13.85 million units in June (+31.1% year-on-year); In
terms of exports, 10.58 million units were scheduled for production in
April (+7.5% year-on-year), 9.33 million units in May (+2.8%
year-on-year), and 7.46 million units in June (-10.9% year-on-year). The
strong recovery of the domestic market has become the core driving
force supporting the demand for refrigerants.
The transmission
pressure of raw material costs continues to emerge. As of last week, the
average market price of 97% fluorite wet powder in China reached 3752
yuan/ton, with significant regional price differences: 3500-3550
yuan/ton in North China, 3600-3700 yuan/ton in Central China, and
3750-3900 yuan/ton in East China. Affected by stricter safety and
environmental regulations, the operating rate of fluorite mines is
running at a low level, the supply increment is limited, and combined
with inventory consumption, the tight supply of acid grade fluorite
powder has not changed. The average market price of industrial grade
anhydrous hydrogen fluoride remains at 11410 yuan/ton, and the regional
price difference remains in the range of 200-400 yuan/ton. The cost
support and supply-demand balance jointly promote the hydrogen fluoride
market to show a stable and waiting to rise pattern.
Based on
comprehensive analysis, the R410A market is expected to continue its
high-level transition trend in the short term. The demand for air
conditioning production during the peak season continues to release,
coupled with the support of raw material costs and the impact of quota
control policies, leading to a bullish sentiment in the market. It is
recommended that maintenance companies and equipment manufacturers
closely monitor supply and demand dynamics, and plan procurement plans
in advance based on production cycles to cope with potential price
fluctuations.
