The recent refrigerant market continues to run strong pattern, in the supply side of the control and demand side of the recovery of the dual drive, the mainstream product prices show high climbing trend. Industry operation presents three core features:
#01
Policy and fundamentals to form a resonance support
Production quota management system contitues to play a regulatory role, superimposed on the summer refrigeration equipment maintenance season brought about by the rigid restocking demand, the market bullish expecyations 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.
#02
Sub-product types show differentiated market
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 a 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 is effective, the market continues to ferment bullish sentiment. r32 varieties are particularly strong performance, in the terminal air-conditioning industry scheduling production plan, the supply side continued to shrink. R32 varieties performance is particularly strong, in the terminal air conditioning industry scheduling plan continued to be revised under the background, the production enterprises to give priority to protect the supply of long term customers, resulting in the market circulation of tightening of the supply, supply and demand gap to promote the price continued to climb high trend.
#03
Demand side of the structural recovery characteristics
As the temperature rises, air conditioning, automotive and other end-use applications to enter the traditional peak season of consumption, downstream enterprises steadily increase the work rate. However, 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 ease 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.
