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SunSirs: Dichloromethane Market in Shandong Remains Firm Due to Tight Supply
February 26 2020 10:21:24SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the dichloromethane market in Shandong has remained firm. As of February 25, the average price was about 2,400 RMB/ton, which was a 26.32% increase from 1,900 RMB/ton on February 11.


Analysis review   


Affected by parking, the spot supply of dichloromethane in Shandong is tight, of which Shandong Jinling's 440,000 tons / year plant, Dongying Jinmao's 40,000 tons/year plant is still parked, and Luxi Chemical's 400,000 tons/year plant, Shandong Dongyue's 280,000-ton/year unit operates at half load, and logistics and transportation have just resumed. Enterprise shipments remain sluggish, depending on inventory pricing. At present, the price in Shandong is about 2,380-2,400 RMB/ton; the price in Jiangsu is about 2,900 RMB/ton: Jiangxi Liwen offers about 2,750 RMB/ton.

Industrial chain: 

On the upstream side, terminal companies in the natural gas market have a higher enthusiasm for resumption of work, and market demand has increased. The overall transaction has improved, and the liquid price has continued to rise. At present, it is around 3,190 RMB/ton. The atmosphere has changed, and there has been a significant volume of transactions, currently around 2,022 RMB/ton; the overall supply and demand of the liquid chlorine market is weak, and the company has a strong mentality but the industry's trading is not good, currently around 100-300 RMB/ton. On the downstream side, the domestic refrigerant market is still operating at a low level, and trading in the industry is relatively weak; the pharmaceutical and agricultural market industries and the solvent industry are not operating at a high level, just need to be flat, and there is insufficient support for the price of dichloromethane.


Market outlook

SunSirs methane chloride data analysts believe that although dichloromethane producers in Shandong currently stop more and reduce their load, the pressure of the company's warehouse is still large. The company's shipment depends on inventory. In addition, the downstream market just needs to be flat. Insufficient support for the price of dichloromethane, It is expected to fluctuate within a short period of time.


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