1、 Price trend
According to the price monitoring of the business agency, the average ex factory price of the mainstream manufacturers on May 26 was 18833.33 yuan / ton, down 15.67% compared with the beginning of the month and 35.8% compared with the same period last year. On May 25, the R134a commodity index was 78.05, the same as yesterday, a new low in the cycle, 21.95% lower than the highest point of 100.00 on September 2, 2019. (Note: cycle refers to 2019-09-01 till now)
| PVA FIBER |
2、 Market analysis
In May, R134a demand in refrigerant market increased to some extent, but it did not meet the expectation. Domestic and foreign demand was not good. The automobile industry was in a downturn. The downstream after-sales market was general. The manufacturer’s shipping volume was not large, the industry’s mentality was pessimistic, the enthusiasm of traders to take goods decreased, and the market situation was still in a weak position. Recently, the price of hydrofluoric acid at the raw material end has been lowered, the support force has been weakened, and the new capacity has been released. The supply of goods in the site is sufficient, and the situation of oversupply appears. Many negative factors have suppressed the price of refrigerant R134a, and the market is still in danger of falling. According to the price monitoring of the business agency, as of May 26, the average price of refrigerant R134a is 18833.33 yuan / ton, and the market price is concentrated around 17000 yuan / ton – 22000 yuan / ton.
According to statistics, the price of domestic hydrofluoric acid market is still slightly lower. As of May 25, the price of hydrofluoric acid market is 8630 yuan / ton, which is 15.72% lower than the price trend at the beginning of the year, 22.81% lower than the same period last year. The price of hydrofluoric acid continues to be slightly lower. In the near future, the price trend of domestic hydrofluoric acid market remains low. The downstream refrigerant industry purchases on demand. The operating rate of the refrigerant industry is low, and the delivery of hydrofluoric acid manufacturers is poor. Some manufacturers report that the price is low in the near future, and some manufacturers report that the loss is serious. The market of hydrofluoric acid has many advantages and disadvantages, and the market price of hydrofluoric acid has hit a new low in the year. Hydrofluoric acid analysts of business club think that the market price of hydrofluoric acid is still dominated by low volatility in the short term, and there may be a rebound opportunity in the later stage.
| PVA 1799 (PVA BF17) |
According to the price monitoring of the business agency, in the 20th week of 2020 (5.18-5.22), there is a total of 1 rising commodity, 1 falling commodity and 3 rising and falling commodities. The main commodities rising were chloroform (9.52%); the main commodities falling were hydrofluoric acid (- 0.57%). This week’s average was up or down 1.79%.
3、 Future forecast
According to the refrigerant analyst of business club, the demand side of refrigerant R134a is still recovering slowly at present, while the supply side is relatively loose, and the refrigerant R134a market is expected to decline in the short term.
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