Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of dichloroethane in China was 2,793 RMB/ton on March 24th, and 2,810 RMB/ton on March 18th. This week, the price of dichloroethane fell by 0.59%.

Analysis review

This week, the market price of dichloroethane continued to be weak, with a moderate trading atmosphere and sufficient market supply. According to customs data, the export volume of 1,2-dichloroethane (ISO) from China in February 2024 was 35 tons, with an average export price of 3,411 RMB/ton. The total export volume of 1,2-dichloroethane (ISO) of China from January to February was 5,564.349 tons, a year-on-year increase of 92%.

In terms of raw materials, the quotation for ethylene CFR Northeast Asia increased by 5 US dollars/ton this week.

On the demand side: Recently, major vinyl chloride manufacturers in East China had been operating steadily, and the supply of goods had increased. The mainstream quotation of domestic vinyl chloride products had been lowered, and the market transaction situation was slightly flat compared to the previous period. The quotation for ethylene based PVC in East China had increased by 50 RMB/ton.

Market outlook

From the perspective of the SunSirs, there had been a narrow increase in the prices of raw materials and demand terminals, but there was sufficient supply of vinyl chloride, and procurement was mainly based on rigid demand. It is expected that the price of dichloroethane will remain stable and weaker in the near future.

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