As of last week, the domestic refrigerant market in the policy control and supply and demand game continue to steady upward trend, the varieties of prices show differentiated trends, the industry as a whole to further consolidate the positive trend. According to the latest data, R134a, R32 week on week rose 1.01% and 0.93%, the rest of the varieties are mainly stable prices.
Quota control superimposed on the supply and demand game, the market maintains a strong pattern
The core logic of the current refrigerant market operation still lies in the policy end of the quota control on the supply flexibility restrictions. According to the Montreal Protocol and related domestic regulations, refrigerant production quota system continues to tighten, the enterprise work rate is subject to quota allocation, market supply rigid constraints characterized by significant. In this context, the refrigerant enterprises generally take the price strategy, the offer price to maintain a high level, and downstream air conditioning, automotive and other end-use industries to maintain rigid demand, but the procurement rhythm tends to be cautious, more on-demand replenishment of the warehouse is based on the market as a whole, showing a “tight supply, stable demand, intensified the game,” the characteristics of the market.
Specifically, the R22 market continues to organize the trend, the enterprise price willingness is strong, but dealers due to sufficient inventory in advance, the acceptance of high-priced supplies is limited, the market wait-and-see mood is strong; R134a market in the part of the manufacturer's device maintenance to reduce the support of the negative push up steadily, the enterprise pulling up the mentality is not reduced, short-term negotiation center of gravity may still be upward; R32 as the round of the market's bright spot varieties, benefiting from the supply-side R32 as the highlight of this round of market varieties, benefiting from the supply side of the rigid constraints and demand side of the air conditioning production season of the dual drive, the market supply pattern continues to be tense, the enterprise price confidence is sufficient, the price is expected to further explore up; R125 and R410a market is mainly stable, enterprise resources are used for their own use or the implementation of the long term cooperation orders, downstream procurement to maintain the rhythm of just need, the market fluctuations are limited.
Market outlook: multiple favorable support, prices or continue to soar
Looking ahead, the refrigerant market fundamentals to improve the trend has not changed, the quota control policy will still be the core factor leading the price trend. In the short term, the supply side is limited by the quota allocation, the elasticity of the release of space is limited, while the downstream air conditioning, automotive and other industries in the consumption recovery and policy stimulus demand is expected to grow steadily, supply and demand mismatch pattern or further intensify. In addition, the price fluctuation of anhydrous HF and vinyl chloride on the raw material side may also support the cost of refrigerant.
From a comprehensive point of view, the recent refrigerant market will continue to be strong finishing trend, and the center of gravity of the transaction is expected to maintain a high level of soaring. It is recommended that the industry pay attention to the policy dynamics, changes in plant start-up and downstream procurement rhythm, and flexibly adjust the business strategy to cope with market fluctuations. As a professional refrigerant supplier, Cold King Technology will continue to optimize the supply chain management, ensure stable supply, help customers to cope with market challenges, and seek new opportunities for industry development.
