Refrigerant Prosperity Gradually Recovers

Refrigerant prosperity gradually recovers

The good performance of many fluorine chemical listed companies is mainly due to the recovery of refrigerant prosperity. It is

understood that with the continuous reduction of the supply side due to the control of refrigerant quotas and the accelerated

elimination of second-generation refrigerants this year, the gap between refrigerant supply and demand continues to widen, and

quotas are concentrated to industry leaders, driving related companies to increase the price of refrigerants. According to relevant

data, prices of various refrigerants have risen since July. Among them, the price per ton of the three generations of mainstream

refrigerants R22 and R134a increased by more than 20%.

The operating data disclosed by FRIOFLOR GROUP, a leading refrigerant company, shows that in the first three quarters of this

year, the company's average refrigerant price was 21,361 yuan/ton, a year-on-year increase of 20.5%; the sales volume was

240,000 tons, a year-on-year increase of 19.9%. It is understood that the company's three-generation refrigerant production capacity is 397,400 tons. Another refrigerant leader, currently has a production capacity of 30,000 tons/year of R134a,

55,000 tons/year of R22, 24,000 tons/year of R142b, 40,000 tons/year of R152a and more than 60,000 tons of other refrigerants.

This year is the last year of the third-generation quota base year. Fluorine chemical companies are actively expanding their sales

in order to "snatch up" refrigerant quotas. Therefore, competition among companies is fierce, and refrigerant prices have dropped

significantly. After the end of the quota base year, the price of mainstream third-generation products has limited room to fall in the

future, the price of refrigerant is expected to rebound, and leading enterprises are expected to benefit. The leading domestic

refrigerant enterprises will have an advantage in quota allocation in the future, and the third-generation refrigerant business of

related enterprises is expected to contribute to their performance through "volume and price" in the future.