① In November, the reference procurement bid price for HF (anhydrous hydrogen fluoride) from major factories in the East China market was 15,300–15,650 yuan/ton delivered.
② The 2026 production quota for refrigerant R134a is set at 222,785 tons (+11,274 tons), with the domestic use quota at 90,914 tons (+9,281 tons).
③ Domestic trade offers for fluorocarbon refrigerant R134a are referenced at 65,000–70,000 yuan/ton.
④ Market intelligence indicates that the contract price for trichloroethylene with major refrigerant manufacturers in November is referenced at 4,900 yuan/ton.
Table 1: Domestic Fluorocarbon Refrigerant Price Summary (Unit: Yuan/Ton)
| Market | Main Model | Specification | Nov 10 | Nov 11 | Change |
|---|---|---|---|---|---|
| East China | R22 | Bulk | 17,000-17,000 | 17,000-17,000 | 0/0 |
| East China | R32 | Bulk | 63,500-64,500 | 63,500-64,500 | 0/0 |
| East China | R125 | Bulk | 54,000-57,000 | 54,000-57,000 | 0/0 |
| East China | R134a | Bulk | 63,500-65,000 | 63,500-65,000 | 0/0 |
| East China | R143a | Bulk | 51,000-53,000 | 51,000-53,000 | 0/0 |
| Key Blends | |||||
| East China | R404A | Bulk | 53,000-54,000 | 53,000-54,000 | 0/0 |
| East China | R410A | Bulk | 57,000-59,500 | 57,000-59,500 | 0/0 |
| East China | R507A | Bulk | 53,000-54,000 | 53,000-54,000 | 0/0 |
Data Source: Chempricehub Information. Note: Prices listed above for mainstream refrigerant models represent ex-factory prices (tax-inclusive) for domestic trade in the East China market.
Based on the bulk market in the East China region, offers from major manufacturers for fluorocarbon refrigerant R134a remain firm, aligning with morning market expectations. As of press time, offers from mainstream major manufacturers in East China are referenced at 65,000–70,000 yuan/ton (considering both domestic and export markets), while mainstream market offers in East China are referenced at 63,500–65,000 yuan/ton (ex-factory tax-inclusive), also consistent with morning expectations. Market intelligence suggests that offers for R134a from mainstream factories in East China remain high and firm, with orders from original equipment manufacturers (OEMs) negotiated at elevated levels. Low-cost inventory from channel sources has been largely cleared out, and remaining quota volumes from smaller tail-end factories are limited. The H2 2026 production quotas continue to increase, keeping the center of gravity for intra-market transactions firm. News indicates that the fluorocarbon refrigerant market continues to adhere to the "anti-involution" policy; rigid supply due to quotas remains tight, keeping domestic trade offers high and firm. Although export market offers have slightly adjusted downward, they remain at high levels. Chempricehub forecasts that mainstream major manufacturers in East China will maintain firm offers, and the short-term fluorocarbon refrigerant R134a market will likely maintain consolidation at high levels.
The overall operating load for fluorocarbon refrigerant R134a remained stable week-over-week, hovering around 40%. It is expected to maintain low opening and low running trends in the short term, with mainstream major manufacturers in East China strictly controlling output increases within the month.
Chempricehub Information forecasts that fluorocarbon refrigerant R134a in the East China market will open low and run low, with market prices expected to consolidate sideways at high levels in the short term.
Anhydrous Hydrogen Fluoride (AHF) Market:
Today, sentiment in the domestic AHF market is cautious wait-and-see. On one hand, market participants are closely watching the resumption of operations by major northern factories; on the other hand, support from raw material costs has weakened compared to previous periods. The fluorspar market fluctuates within a range with mixed gains and losses, sulfuric acid prices continue to soften, and maintenance at large-capacity plants fails to offset the downward trend. Inquiry and transaction activity have notably declined. As of press time, the mainstream delivered price for domestic AHF in November is referenced at 15,300–15,650 yuan/ton, with the Shandong market referenced at 15,500–15,600 yuan/ton.
Trichloroethylene (TCE) Market:
Domestic TCE prices have edged upward, with order execution prices at 4,900 yuan/ton. Currently, supplier operating loads are not high, leading to contracted supply volume reductions; order prices remain stable while spot prices rise. On the demand side, the operating rate of major downstream R134a producers is generally around 40%, while other downstream industries purchase based on rigid demand, resulting in mediocre market trading performance. The current market remains in a state of supply-demand negotiation. However, with no inventory pressure on enterprises and certain cost-side support, the domestic TCE market is expected to operate steadily or slightly stronger in the subsequent period.
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