Views: 0 Author: Site Editor Publish Time: 2025-11-21 Origin: Site
The refrigerant market remained stable throughout the week, with demand gradually returning to normal and exports slowing down. Overall demand was relatively smooth.
R134a saw concentrated purchasing demand, leading to continuous price increases from manufacturers, with current offers reaching 60,000 yuan/ton. Although there have been no follow-up transactions in the distribution market, manufacturers are controlling supply and actively supporting prices, suggesting a continued steady upward trend in the near future.
R125 was affected by the quota adjustment and transition this year, leaving manufacturers with limited remaining quotas. Current actual transaction prices are around 46,000 yuan/ton. Some smaller companies have largely exhausted their quotas, resulting in tight market supply and a firm short-term trend.
R32, despite recent production cuts by air conditioning manufacturers and weak demand in the distribution market, with traders offering discounts to move inventory, still saw mainstream transactions at 61,000-62,000 yuan/ton. Considering that long-term contracts with air conditioning manufacturers are already locked in and demand is expected to rebound in the first and second quarters of next year, manufacturers are expected to gradually raise their prices after demand recovers.
Due to continued shrinking end-user demand, many companies have adopted price reduction strategies to clear inventory for R22, leading to improved purchasing sentiment and relatively smooth shipments. In addition, refrigeration products such as R404 and R507 have followed suit with price reductions due to the impact of substitute price cuts, and the price of R227ea has also softened, resulting in a decline in actual transaction volume.
Overall, in the current refrigerant market, R32 and R134a maintain a strong upward trend, R125 is operating steadily in the short term, while R143a, R507, and R404 are performing weakly, showing a structural differentiation pattern in the overall industry chain.
