In October 2025, the price of R22 experienced a significant decline, driven by an unexpected drop in downstream demand, compounded by an oversupply of R22 in the market. Looking ahead, it is anticipated that the price of R22 will continue to exhibit weak fluctuations.
Important market dynamics
- In October 2025, Zhejiang Juhua Co., Ltd. reported a 160.22% YoY increase for Q1–Q3 2025 net profit, with higher refrigerant prices being the principal driver.
- On 14 October, 2025, Shandong Chief New Materials Co., Ltd. (Chief New Materials)'s environmental protection acceptance monitoring report for the high-end fluorinated electronic materials and supporting chemicals project (Phase I) was publicised.
- On 9 October, 2025, Jiangxi Lee & Man Chemical Co., Ltd.'s revised environmental impact (EI) report for the novel green refrigerant project (Phase I) was accepted.
- On 29 September, 2025, Sichuan Zhongfu Taihua New Materials Technology Co., Ltd.'s environmental impact (EI) report for the 10,000 t/a PVDF and 60,000 t/a electronic & anhydrous hydrogen fluoride project was accepted.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1102 on 9 Oct., 2025, sourced from the People's Bank of China.
All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
If you would like to cover any specific topics or investigate any covered subjects in more details, please contact us on +86-20-37616606, or econtact@cnchemicals.com
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