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SunSirs: Dichloromethane Market in Shandong Continued to Fall
April 22 2020 13:18:49SunSirs(John)

Price trend

According to the price monitoring of SunSirs, he current dichloromethane market in Shandong continues to decline. As of April 21, the average price of dichloromethane in Shandong was about 2,090 RMB/ton, a significant decrease of 10.68% from April 13.

 

Analysis review   

Product: At present, the overall production of dichloromethane production enterprises in Shandong is stable, the market inventory has accumulated a certain amount, and the downstream market demand is flat. In order to reduce subsequent warehouse pressure and bidding, the market prices continue to fall. At present, the quotation in Shandong is about 2,060-2,090 RMB/ton, the price in Jiangxi Liwen is about 2,700 RMB/ton, and the price in East China is about 2,100-2,300 RMB/ton.

Industrial chain: On the upstream side, the domestic methanol market is running at a high price, the inventory pressure of the enterprises is not large, the surrounding markets are actively pushing up, and the market trading atmosphere is still acceptable. The current market is about 1,730 RMB/ton; the liquid chlorine market fluctuated and adjusted, the downstream market demand improved, and the company's shipments were stable. At present, the price in Shandong is about 500-700 RMB/ton. In the downstream, the supply and demand of domestic refrigerant market are weak, and the delivery is cold; the recovery of solvent and pharmaceutical pesticide industry is slow, the demand is weak, and the price support for dichloromethane is insufficient.

 

Market outlook

According to the data analyst of SunSirs, at present, the spot supply of dichloromethane is sufficient, the demand of downstream market is poor, the inventory pressure of enterprises is gradually increasing, and more competitive shipments are made, which is expected to be weak in a short period of time.

 

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