Refrigerant Prices Increased in Foreign Trade Recently

According to the analysis of FRIOFLOR Group,

The recent increase in foreign trade of refrigerants, for example, R32 rose from 27,000 yuan in late August 2024 to 30,000 yuan in early September, and recently reached 33,000 yuan, mainly due to the air conditioning season around Christmas and the incremental demand in the US market. Due to the shift to the 454B refrigerant in the US market, the export of 454B refrigerant containing R32 is exempt from tariffs and anti-dumping duties, resulting in increased demand for R32.

Domestic trade, domestic leading enterprises' quotas are basically used up, it is expected that 2024Q4 may be due to maintenance caused by tight supply, refrigerant prices may continue to rise. In addition, in terms of quotas, the domestic quota plan for 2024 has been determined and will not be overturned, but there may be minor adjustments; The quota policy for 2025 is likely to adjust only quantity or proportions, not all at once.