I. price trend

According to the price monitoring of business agency, the ex factory price of refrigerant R134a in China fell slightly this week. On October 28, the average ex factory price of mainstream manufacturers was 23833.33 yuan / ton, and the average weekend (1 day) price was 23666.67 yuan / ton, down 0.7% in the week, down 19.32% compared with the same period last year.

II. Market analysis

Product: this week, the market price of R134a in refrigerant market fell slightly, and the overall trend of domestic hydrofluoric acid price continued to decline. The goods delivery situation of manufacturers in the field still did not improve. In addition, the domestic hydrofluoric acid plant maintained a high operating rate, and the domestic spot supply was sufficient. Some manufacturers continued to reduce the factory price, and the cost was negative in the face of refrigerant. At present, the macro-economic downturn, the development of the automobile industry is not optimistic, the demand for refrigerant R134a from major manufacturers in the terminal and air-conditioning industry is flat, and the overall after-sales market is not very active. At present, the trend of R134a is weak, and there is no obvious positive effect. As of November 1, R134a of Zhejiang Juhua Co., Ltd. has quoted 26000 yuan / ton, R134a of Quzhou Jiuzhou Chemical Co., Ltd. has quoted 22000 yuan / ton, R134a of Zhejiang lengwang technology has quoted 23000 yuan / ton, R134a of Yuemei Chemical Co., Ltd. has quoted 24000 yuan / ton, R134a of Longxun trade has quoted 23500 yuan / ton, R134a of Yumei Chemical Co., Ltd. has quoted 25000 yuan / ton, and R134a of blue planet has quoted 25000 yuan / ton.

Industry chain: the price of upstream products in domestic hydrofluoric acid market has fallen sharply, the operation of domestic hydrofluoric acid plant is stable, the supply of goods in the site is sufficient, the situation of goods in hydrofluoric acid market is not good, and the market price keeps falling. Downstream terminals, major manufacturers of air conditioning industry and automobile industry do not have high demand for refrigerant R134a, so there is no good support.

Industry: according to the price monitoring of the business association, in the 43rd week of 2019 (10.28-11.1), there are 12 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are two kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are dichloromethane (9.58%), sulfuric acid (6.98%) and aniline (4.24%) There are 40 commodities with a decline of 5% or more, accounting for 4.7% of the monitored commodities in the sector; the top three products with a decline are DMF (- 7.88%), butadiene (- 6.73%) and acrylic acid (- 5.88%) This week’s average was – 0.61%.

III. future forecast

According to the refrigerant analyst of business association, at present, the cost end support of refrigerant R134a is weak, and the downstream demand is weak. On the whole, the market trading is not strong, and it is predicted that R134a market is still weak in the short term.