Morning Market Update: Refrigerant Sector

I. Key Focus Areas

1. In October, the tender pricing reference for HF procurement by major plants in the East China market was RMB 14,500–14,800 per ton (delivered).

2. The perchloroethylene market remained weakly stable. As of now, mainstream quotations in the Shandong market are around RMB 2,500–2,600 per ton (ex-works cash basis).

Core Logic: Operating rates at fluorocarbon refrigerant R125 facilities in the East China market have hovered near 40%, while mainstream ex-works prices in the region remain firm at elevated levels.