According to Baichuan Yingfu, air conditioning manufacturers are entering a peak production season. Demand for refrigerants has increased significantly, order volume has increased, overall supply in the market is slightly tight, and the market generally has bullish expectations.
Huajin Securities released a research report saying that the refrigerant market is gradually implementing new moon orders. Currently, prices in the domestic trade market are rising, and the foreign trade market is rising, and the trend is also warming up. The mainstream refrigerant market continued to pick up in April. It is expected that due to strong demand for production schedules in May, the shortage in the market is expected to be difficult to ease.
In addition, third-generation refrigerants have begun quota management, and the concentration of each type is high. Supply-side restrictions are conducive to improving the industry's supply and demand pattern, driving a recovery in industry sentiment and corporate profit restoration.
Guotai Junan released a research report stating that in the short term, the price of third-generation refrigerants can easily rise or fall as the peak season approaches. In the medium to long term, the supply and demand pattern for third-generation refrigerants continues to improve. The supply-side refrigerant quota is gradually being cut, and the increase in demand side downstream air conditioners, refrigerators, etc. is driving up demand for refrigerants. It is expected that third-generation refrigerants will begin a long-term boom cycle, and refrigerant manufacturers with high quotas will benefit from this boom cycle.
Refrigerant-related companies:
Dongyue Group (00189): Dongyue Group is a leader in China's fluorosilicon industry. The two major industrial chains of fluorine chemicals and silicon chemicals have integrated advantages. Third-generation refrigerant quotas have been implemented, supply and demand patterns have improved, and peak season catalysis drive price increases; long-term space for fluorine-containing polymer materials can be expected.