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SunSirs: Supply and Demand Were out of Balance and Dichloromethane Market Was Difficult to Change
June 30 2020 14:27:45SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the situation of oversupply in the dichloromethane market in Shandong has intensified. As of June 29, the average price in Shandong was about 2,110 RMB/ton, down by 100 RMB/ton from the Dragon Boat Festival, the overall decline was 4.52 %.

 

Analysis review

After the Dragon Boat Festival holiday, the downstream market and traders have limited demand, the trading atmosphere in the industry has declined, the inventory of methylene chloride production enterprises has accumulated, and the bidding sales behavior is obvious. However, due to the high production costs, there is limited room for companies to lower their quotations.

In the upstream market, the methanol market tended to stabilize after a slight increase, the industry turnover was light, and the market was in a post-holiday wait-and-see situation. It is currently about 1,645 RMB/ton; the liquid chlorine market was high and firm, and the maintenance of some enterprises in Shandong has led to a slight increase in regional prices. With the increase in downstream demand, the market will continue to maintain a strong trend, the current average price is around 700-1,000 RMB/ton.

On the other hand, the downstream market for dichloromethane was poor, and after a short period of stocking before the Dragon Boat Festival, the market trading atmosphere was light, and the terminal procurement was insufficient, which did not provide good support for the price of dichloromethane.

 

Market outlook

Analysts of the methane chloride data of SunSirs believe that the current supply and demand contradiction in the dichloromethane market is becoming increasingly apparent. Poor downstream demand has led to the accumulation of enterprise inventories. The auction sales in the industry are obvious. Affected by the favorable raw material support, the dichloromethane market is expected to operate weakly in a short period of time, with limited room for downward adjustment.

 

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

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