Supply and Demand Supports Solid Price of Refrigerant Gas

For the next several months of 2024,

FRIOFLOR company predicts refrigerant gas will have a booming market and price will increase, at the background of huge demand from air-conditioning market and refrigeration market.

Since the beginning of 2024, with the official implementation of the domestic quota system, the prices of mainstream third-generation refrigerants (HFCs) have continued to rise. FRIOFLOR believes that on the demand side, the downstream air conditioners, automobiles, refrigerators and other fields of refrigerants are expected to continue to benefit from policies such as equipment renewal and trade-in, and the traditional demand season for refrigerants in the second quarter/third quarter is approaching, while the supply side is accompanied by the quota landing, the industry supply is significantly orderly, and the boom is expected to continue to rise under the resonance of supply and demand. In the long term, due to the problems of overseas patent protection restrictions and high costs of fourth-generation refrigerants (HFOs), it will take time to develop and promote alternative products for third-generation refrigerants, and the company expects that the boom cycle of HFCs will be longer.