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SunSirs: The Price of Dichloromethane in Shandong Increased Sharply This Week (March 16-20)
March 24 2020 11:25:48SunSirs(John)

Price trend

According to the monitoring of SunSirs, the dichloromethane market in Shandong continued to rise this week. At the beginning of the week, the price of dichloromethane was about 2,230 RMB/ton, and at the weekend, it was about 2,350 RMB/ton, which rose sharply 5.38% during the week.


Analysis review   

Product: Due to the long-term low-price shipments in the early stage, the inventory pressure of dichloromethane enterprises in Shandong area is no longer, and the companies have raised their quotations one after another. However, the downstream market demand has not improved and there is insufficient support. The current offer in Shandong is around 2,350 RMB/ton, the price in Jiangxi Lee & Man is about 2,700 RMB/ton, and in Jiangsu area is about 2,950 RMB/ton.

Industrial chain: On the upstream side, the domestic methanol market has a weak demand and a contradiction between supply and demand, coupled with the decline in new prices in the Northwest. The mainland has continued the downward trend, currently around 1,780 RMB/ton. The overall production of the liquid chlorine market is relatively stable, and the demand in the downstream market is flat. Currently price is 200 -300 RMB/ton. On the downstream side, the domestic refrigerant market demand side has not significantly improved for the time being, and the demand is mainly just needed at present, currently around 17,500-19,000 RMB/ton. The pharmaceutical and agricultural market and the solvent industry are recovering, the demand is just flat, and that is insufficient support for the price of dichloromethane.


Market outlook

SunSirs analysts of methane chloride data believe that the current supply of dichloromethane in Shandong area is gradually recovering, but the downstream market demand has not noticeably improved, coupled with insufficient raw material support, it is expected to run smoothly in a short period of time.


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