1、 Price trend

According to the price monitoring of the business agency, the average price of the mainstream manufacturers on April 20 was 17000 yuan / ton, down 1.92% compared with the average price of 17333.33 yuan / ton on Monday (13th). On April 19, the R22 commodity index was 104.00, unchanged from yesterday, down 6.31% from 111.00 (2020-02-24), the highest point in the cycle, and up 24.70% from 83.40, the lowest point on October 14, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R22 market of refrigerant market is not good recently. The price of hydrofluoric acid at the raw material end fell, the support for refrigerant R22 weakened, foreign special events were serious, the export of refrigerant terminal was not smooth, and it was mainly supplied to the domestic market. However, the domestic air conditioning industry started at a low level, and the demand for after-sales maintenance was weak. Overall, the domestic and foreign demand was lower than expected. At present, the refrigerant R22 manufacturer’s load is reduced, the inventory is in a reasonable range, and the price is under pressure due to the drag of demand, while the situation of market price or not appears. According to the price monitoring of the business agency, as of April 20, the average price of refrigerant R22 is around 17000 yuan / ton, and the quotation is mostly around 15000 yuan / ton – 19000 yuan / ton, so the firm offer is relatively low.

Industry chain: Recently, the price trend of domestic hydrofluoric acid market has fallen. The enterprise reflects that the current spot supply of hydrofluoric acid is sufficient. Due to the impact of public health events, the downstream demand is reduced. The recent market of hydrofluoric acid in the field is poor. Due to the poor downstream demand, the market price trend of hydrofluoric acid is declining. With sufficient supply of fluorite and poor downstream demand, the business community believes that the market price of hydrofluoric acid may be slightly lower. At present, the start-up situation of chloroform production enterprises has been increasing, the downstream market demand has not improved, the enterprise inventory pressure is gradually increasing, and it is expected to be weak in a short period of time.

Industry: according to the price monitoring of the business agency, in the 15th week of 2020 (4.13-4.17), there are 38 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, among which 14 kinds of commodities rising by more than 5%, accounting for 15.7% of the number of commodities monitored in the sector; the top three commodities are acrylic acid (25.40%), maleic anhydride (19.02%) and crude benzene (15.55%). There are 21 kinds of goods falling on a month on month basis, with 8 kinds of goods falling by more than 5%, accounting for 9% of the number of goods monitored in the sector; the top three products falling are propylene (- 34.79%), propylene oxide (- 13.77%) and propane (- 11.46%). This week’s average was up or down 1.02%.

3、 Future forecast

According to the refrigerant analyst of business club, at present, the raw material end of refrigerant R22 is declining, the demand is weak, and the price is under pressure, while the situation of whether the market has price or not appears. It is expected that R22 will remain weak and stable in the short term, with a risk of falling.