Refrigerant Industry Faces Damage Due to Price Drops
2020-04-27
Following a continuous price drop in the first half of 2019, the price of R22 rose after October 2019, because of its quota production. R22 is a hydrochlorofluorocarbon (HCFC) refrigerant and has been included in China’s phase-out list. Therefore, the production quotas of R22 dropped from 274,279 tons in 2018 to 266,821 tons in 2019, then to 42,000 tons in 2020. With the strong attitude of refrigerant manufacturers in terms of price setting, the price of R22 is expected to continue to increase in 2020.
