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May 12, 2017

Refrigerant price fast rising industry reversal coming?

April 11, the main R125 production price jumped up, from April 10 34500 yuan/ton up to 40000 yuan/ton. Ex-factory prices of the main products continue to improve rapidly. Since the beginning of February, the prices of the main products in the last two months are as follows.

1 R22: From 9500~9800 to 14500~15000 yuan/ton, raise 53%;2) R134A: from 19900~20000 to 29000~30000 yuan/ton, raise 48%;3) R125: from 21500~23000 to 34000~34500 yuan/ton, raise 54%;4) R32: from 12000~12500 to 22000~25500 yuan/ton, raise 94% (5) R410A: from 17500~18000 to 33000~35000 yuan/ton, raise 92%.

Fluorite-refrigerant industry chain will usher in reverse. Before the industry at the bottom of the boom, has been after 6 years of wandering, product prices in the bottom area. 2016 years of four seasons since the low inventory of fluorite powder, coupled with limited supply capacity, resulting in an emergency hydrofluoric acid enterprise inventory, plant production load down, coupled with the Spring Festival before the important enterprises in the accident shutdown, hydrofluoric acid prices and thus rapid rise, and downstream of the refrigerant and polymer rapid conduction. At present, fluorine chemical downstream refrigerant and polymer inventories are very low, and the production enterprises generally signed a long single, supply and demand tight situation difficult to improve short-term, forming a surge in price. We think the price hike will last a relatively long period of time, the industry reversal began.


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