Shares of chemical companies SRF Ltd and Navin Fluorine International surged by up to 14% on Thursday, following a brokerage firm Equirus Capital report highlighting a significant increase in global refrigerant gas prices.
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The price hike comes amid warnings from a prominent U.S. distributor with substantial quotas pointing to severe supply constraints for critical refrigerant gases, R32 and R125. These supply shortages pose challenges for the Heating, Ventilation, and Air Conditioning (HVAC) industry.
