Investment Rating - The report indicates a positive outlook for the refrigerant sector, suggesting to focus on companies such as Juhua Co., Sanmei Co., and Yonghe Co. [5] Core Insights - The bromine price has significantly increased due to tight supply, with the market average price reaching 29,000 RMB/ton, a rise of 5,500 RMB/ton or 23.40% compared to the previous week [3] - The refrigerant market is entering a demand peak, with prices for major refrigerants like R22, R32, R134a, and R125 continuing to rise due to increased air conditioning export orders and domestic consumption incentives [4][28] - The report highlights the stable growth in demand for UHMWPE fibers in military applications and potential growth in technology sectors, recommending attention to Tongyi Zhong [5] Price Tracking of Key Chemical Products - Bromine inventory remains low, with imports in January-February 2025 down by 32.23% year-on-year [3] - The average price of R22 is 36,000 RMB/ton, up by 250 RMB/ton from last week, while R32 has increased by 1,500 RMB/ton to 47,000 RMB/ton [4][28] - MDI prices have decreased, with the average price for polymer MDI at 16,050 RMB/ton, down by 550 RMB/ton [16] Agricultural Chemicals - Phosphate and urea prices have seen slight increases, with urea priced at 1,940 RMB/ton, up by 4.36% from last week [23] - Glyphosate prices remain stable at 23,009 RMB/ton, with a negative profit margin of -956.64 RMB/ton [18] Fluorochemical Sector - The fluorochemical industry is experiencing price increases for refrigerants, with R134a at 46,000 RMB/ton, reflecting a significant rise in demand [26][28] - The prices of upstream materials like fluorite and hydrofluoric acid have also increased, supporting the price rise in refrigerants [26]
化工周报（3/24-3/30）：供应紧张推动溴素价格大幅上涨，制冷剂价格再次上调-2025-03-31
Tai Ping Yang Zheng Quan·2025-03-31 12:23