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SunSirs: The Dichloromethane Market in Shandong Fell Sharply in April
April 29 2020 13:38:42SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the dichloromethane market in Shandong continued to decline in April. The average price of dichloromethane in Shandong was about 2,340 RMB/ton in early April. As of April 28, the average price of dichloromethane was about 2,000 RMB/ton, an overall decrease of 12.28%.

 

Analysis review   

Product: In April, due to the steady start of overall production of dichloromethane production enterprises in Shandong, the market has sufficient spot supply, but the downstream market has poor demand, and the on-site supply exceeds demand. Enterprises are bidding for shipments, and their stocks are accumulating more. In order to alleviate the pressure on subsequent warehouses, companies are shipping at a profit. Market prices continued to fall. At present, the price in Shandong is about 2,000-2,050 RMB/ton, Jiangxi Liwen is about 2,300 RMB/ton, and the price in East China is about 2,000-2,200 RMB/ton.

Industrial chain: On the upstream side, the domestic methanol market is declining, and various regions adjust prices according to supply and demand. The downstream just needs to stock up, and traders are cautious. Currently, it is about 1,620 RMB/ton; During the month, the liquid chlorine market fluctuated at a high level, the market supply side was well supported, and the company's shipments were acceptable. At present, the price in Shandong is about 700-900 RMB/ton. On the downstream side, the domestic refrigerant market is not good, and domestic and international demand is not as expected. The market is quiet, and the current price is hovering around 17,000 RMB/ton; the solvent and pharmaceutical and pesticide industries have been slow to recover, and the demand has just been weak, and the price of chloroform is not supported enough.

 

Market outlook

According to the data analyst of SunSirs, at present, the market of dichloromethane is in a situation of oversupply, and the downstream market has not shown any obvious signs of improvement. The majority of carriers are shipping goods, and the industry is in a bad mood, which is expected to be weak in a short period of time.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

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