1、 Price trend

According to the bulk data monitoring of the business agency, the factory price of R22 in China fell sharply this week. The price by the end of the week was 14833.33 yuan / ton, down 10.1% compared with 16500 yuan / ton at the beginning of the week, down 19.82% compared with the same period last year. On May 8, the R22 commodity index was 89.00, down 1 point from yesterday, down 19.82% from 111.00 (2020-02-24), the highest point in the cycle, and up 6.71% from 83.40, the lowest point on October 14, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: in the near future, the downstream refrigerant market of the terminal has a general trading market, with poor export and low market negotiation focus. This week, the domestic refrigerant R22 market fell sharply, coupled with the decline of raw materials, the pressure of manufacturers to take goods is too high, the traders are pessimistic, and the goods are cold. According to the price monitoring of business agency, at present, the price of refrigerant R22 is mostly concentrated around 12000 yuan / ton 17000 yuan / ton, and the actual price is relatively low.

Industry chain: on May 9, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 7600-8500 yuan / ton. The factory price of some manufacturers in the site fell, the operation rate of domestic hydrofluoric acid manufacturers was average, the supply of goods in the site was sufficient, and the market price in the site continued to fall. The price trend of upstream product anhydrous hydrofluoric acid continued to decline, and the supply of spot goods was sufficient, but the demand situation did not improve significantly, and the price trend of hydrofluoric acid declined.

Industry: according to the price monitoring of the business association, in the 18th week of 2020 (5.4-5.8), there are 37 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 17 kinds of commodities with an increase of more than 5%, accounting for 19.1% of the number of commodities monitored in the sector; the top three commodities are trichloromethane (17.86%), crude benzene (14.59%) and phenol (11.04%). There are 29 kinds of commodities falling on a month on month basis, 8 kinds of commodities falling by more than 5%, accounting for 9% of the number of commodities monitored in the sector; the top 3 products falling are R22 (- 10.10%), isopropanol (- 8.93%) and fluorite (- 6.83%). This week’s average was 0.97%.

3、 Future forecast

According to the refrigerant analyst of Business Club: at present, the price of refrigerant R22 is close to the bottom, the demand continues to be weak, the export is not smooth, and the supporting force of raw material end is weakened. It is expected that the market will be dominated by weak stability and consolidation in the short term.