Fluorochemicals and refrigerants: Trading
How Indian makers price against Chinese refrigerant offers
What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.Who buys, and where
- China (Zhejiang, Shandong, Jiangxi)
- India (Gujarat: Dahej, Surat, Ranjit Nagar)
- US and EU producers
Who sells, and from where
- Air conditioner makers in China, India, Thailand, the Middle East; carmakers; service distributors worldwide
Price benchmarks
| Benchmark | Publisher | Basis |
|---|---|---|
| China ex-factory R32, R134a, R125, R22 prices | SunSirs, Baiinfo, industry reports | spot, weekly |
Exchanges
| Venue | Contract | Notes |
|---|---|---|
| None | no futures | Chinese quota rights also trade informally (Faxian Gongchang 2026) |
Contract types
- Annual contracts with air conditioner and car makers
- Spot sales to service distributors in cylinders
- Long-term HFO supply and toll contracts with technology owners (e.g. Navin with Honeywell)
Traders and distributors
- Refrigerant distributors and reclaimers (e.g. A-Gas, indicative); Chinese exporters
How Indian buyers price it
- Domestic prices track China import parity plus duties
- Exports priced in dollars, often under annual contracts
- HFC imports and production will need quotas from 2028 under India's Kigali schedule
Recent price points
| Date | Price | Basis | Source |
|---|---|---|---|
| 2023 | about RMB 13,000/t | China R32 ex-factory, low | 36Kr (Jun 2026) |
| 12 Jun 2026 | RMB 62,500/t (about $8,700/t) | China R32 ex-factory | 36Kr (Jun 2026) |
| 12 Jun 2026 | RMB 59,727/t | China R134a ex-factory | 36Kr (Jun 2026) |
| 2025 | RMB 12,000-16,000/t | China anhydrous HF | Faxian Gongchang (2026) |
Good sources to follow
Faxian Gongchang China industry reportsfreemium research site · Faxian GongchangChinese fluorochemical quotas, prices and capacity
36Kr Europefree newsletter · 36KrChinese industry and refrigerant market news in English
ICICI Direct researchfree research site · ICICI SecuritiesIndian fluorochemical company results
NRDC experts blogfree blog · Natural Resources Defense CouncilIndia refrigerant and cooling policy
Linklaters Sustainable Futuresfree blog · LinklatersEU PFAS restriction process