#01
R134a market supply and demand analysis 
From the supply side, the release of production capacity of major producers is relatively restricted due to the industry's production quota system. At present, the industry's overall work rate is maintained at the level of 75%-80%, with some enterprises slightly adjusting their loads downwards due to raw material supply issues. Due to the expected tightening of supply, the producers generally have a selling mentality, the market circulation of goods is relatively tight, some specifications of the product structural shortages.
#02
Demand-side performance
Demand presents the traditional peak season and emerging areas of double-wheel drive characteristics: the traditional refrigeration industry is at the peak of seasonal demand, air conditioners, refrigerators and other end-products production into the peak season, driven by R134a procurement volume steadily increased. The new energy automobile industry maintains a rapid development trend, the demand for R134a in vehicle air conditioning system grows about 15% year-on-year, and the demand for maintenance and after-sales market stocking is released steadily.
#03
Price Trend
This week, the ex-factory offer of mainstream enterprises rose about 2% compared with last week. The actual transaction price exists 3%-5% fluctuation space due to factors such as procurement scale and payment method. It is worth noting that some small and medium-sized enterprises (SMEs) are giving extra concessions for cash orders in order to recoup funds.
#04
Outlook for the future market
In the short term, the market will maintain strong operation: supply side: quota restrictions will continue to affect the release of production capacity; demand side: peak season demand is expected to last until mid-June; cost side: high raw material prices provide support.
