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2022-10-08 14:16:23[Biz info] SunSirs: Refrigerant Market Prices Continued to Rise in September According to the monitoring data of SunSirs, the average price of domestic refrigerant R22 on September 30 was 18,666.67 RMB/ton, 6.67% higher than the price of 17,500.00 RMB/ton on September 1, and 27.27% lower than the same period last year.
According to the monitoring data of SunSirs, the average price of domestic refrigerant R134a on September 30 was 26,000.00 RMB/ton, 6.85% higher than the price of 24,333.33 RMB/ton on September 1 at the beginning of the month, and 29.41% lower than the same period last year.
Analysis review
In September, the price of upstream raw material chloroform continued to rise in the month, with a significant increase of 45.13% in the whole month. Hydrofluoric acid was weak and stable in the whole month, with a small decline of 0.76% in the month. In general, the upstream raw material price continued to rise. In late September, the price of chloroform rose significantly. At the same time, affected by factors such as early power and production restriction, and enterprise downtime for maintenance, the domestic R22 inventory was generally low, the cost continued to rise, and the enterprise inventory was low. With the support of the downstream demand, the domestic R22 market price continued to run strong in September.
In September, the price of hydrofluoric acid, the upstream raw material of R134a, was generally weak and stable, falling slightly by 0.76% in the month, and the price of trichloroethylene continued to rise, with an overall increase of more than 10% in the month. The cost of raw materials continued to rise, the enterprise's inventory was relatively low, and the downstream demand remained unchanged. Supported by the cost and demand, the overall price of refrigerant R134a continued to run strongly in September.
Market outlook
According to the refrigerant analysts of SunSirs, the price of upstream raw materials of refrigerant continued to rise in September. At present, the overall inventory of the enterprise is low, and the overall downstream demand remains unchanged. Supported by costs and demand, it is expected that the domestic R22 and R134a prices will continue to rise in October.#Refrigerant# #R22# #R134a# #Hydrofluoric acid#
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Started in the year 2009, SunSirs is a well-diversified market intelligent company in China & Aboard, offering an integrated price, news and research sharing platform in bulk commodities. SunSirs believes in growing with its clients step by step and create mutual beneficial relationship. It’s about having a firm step to go that extra mile and it’s about making customers and cooperators as a part of community. At SunSirs, we provide an integrated internet platform of benchmark prices, analysis, news, consulting and conferences across 8 vital industries in China, including energy, chemical, rubber and plastics, non-ferrous metals, steel, textile, building materials and agricultural and sideline sectors. Headquartered in Hangzhou and subsided in pan China presence, we have extensive network and deep-rooted relationships in China manufacturers, wholesalers and retailers. With overseas offices in the US, the Netherlands, Korean and the well-built sales network, we serve our customers in the global metal ecosystem. At SunSirs, we help you ‘Access to Real China Market’ from a global perspective. Our Chinese version SunSirs (100ppi.com) has the largest number of commodities in China even in global. It is highly systematic, standard and easy to read. Also, our company has succeeded in predicting the economy’s turning points many time, which is around half month earlier than HSBC’s PMI. It indicates that SunSirs Index steps in the mature stage. SunSirs Index is the leading and authority economic measure of micro and macro economy, and widely applied by financial institutions, researchers, manufactures and individual investors. -
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