Guosen: The mainstream refrigerant long-term contract price continued to rise in the first quarter. It is recommended to pay attention to the price repair of fluorine-containing polymers.

Guosen released a research report stating that in the first quarter of 2026, with the determination of the long-term contract prices, the execution of long-term orders for terminal air conditioning enterprises remains stable. According to Baichuan Yingfu and Zhuochuang Consulting, the prices of R22, R125, and R152a all increased in January 2026. In terms of production, there was a differentiation in production in the first two months of 2026, with domestic production pushing up due to the New Year holiday and some enterprises advancing the production for the Chinese New Year in February. Additionally, with the rise in prices of fluorine-containing polymers under the background of cost support and supply-demand improvement, it is recommended to pay attention to the price recovery of PVDF, PTFE, and other fluorine-containing high molecular weight substances. Key points from Guosen are as follows: Long-term contract prices for mainstream refrigerants continue to rise in the first quarter Looking ahead to the first quarter, with the determination of long-term contract prices, the execution of long-term orders by terminal air conditioning companies is stable: according to Sublime China Information, the long-term contract price for R32 will be 61,200 yuan/ton, an increase of 1,000 yuan/ton compared to the fourth quarter of 2025, with an increase of 1.66%; the long-term contract price for R410A is 55,100 yuan/ton, an increase of 1,900 yuan/ton compared to the fourth quarter of 2025, with an increase of 3.57%. It is expected that the price range for R32 in the future will be around 62,000-63,000 yuan/ton, for R410a it will be around 55,000-56,000 yuan/ton, and for R134a it will be around 56,000-57,000 yuan/ton. Prices of R22, R125, and R152a have risen According to Baichuan Yingfu and Zhuochuang Consulting, the price of R22 this month has increased to 17,000 yuan/ton, an increase of 1,000 yuan/ton from last month; the price of R134a remains at 58,000 yuan/ton; the price of R125 has increased to 48,500 yuan/ton, an increase of 1,000 yuan/ton from last month; the price of R32 remains at 62,500 yuan/ton; the price of R410a remains at 54,500 yuan/ton; the price of R152a has increased to 28,500 yuan/ton, an increase of 1,500 yuan/ton from last month; the price of R142b remains at 28,500 yuan/ton; and the price of R143a remains at 46,000 yuan/ton. According to Industry Online, air conditioning total production in February 2026 decreased by 31.6% year-on-year, with significant impact f...