In 2025, with the advent of the traditional peak sales season for the refrigeration industry, the third-generation refrigerant market has once again ignited a new wave of price surges, drawing heightened market attention to the performance of leading industry enterprises. According to authoritative data monitoring, as of June 5, 2025, the domestic average price of mainstream refrigerant R32 has exceeded the 50,000 yuan per ton threshold, representing a year-on-year increase of 42%. Meanwhile, the industry’s overall gross profit margin has climbed to 35,000 yuan per ton, marking an increase of over 10,000 yuan per ton compared to the same period last year. This market phenomenon not only directly reflects the profound adjustments in the current refrigerant supply-demand dynamics but also signals that the refrigerant industry is entering a period of structural development opportunities, driven by the dual impetus of environmental policies (under the guidance of the "dual carbon" goals) and upgraded terminal market demands, which is expected to accelerate the pace of industrial upgrading.
