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SunSirs: The Dichloromethane Market Is Operating Stably Due to Limited Supply
July 24 2020 14:37:37SunSirs(John)

Price trend

According to data from SunSirs, the dichloromethane market in Shandong has been steadily rising recently. As of July 23, the average price in Shandong was around 2,230 RMB/ton, an overall increase of 9.31% from the beginning of the month and an increase of 0.9% from the same period last month.

Analysis review

Due to the reduced production load of some enterprises in Shandong, and the execution of export orders by Luxi Chemicals, the spot supply in the market has declined. In addition, the inventory pressure of enterprises is still not obvious. The enterprise has a better attitude to price, and the ex-factory quotation has increased slightly. The downstream market is mainly demanded. Traders replenish the stock, supporting the firm operation of dichloromethane prices. At present, the price of dichloromethane in Shandong is about 2,230-2,280 RMB/ton, Jiangsu Lee & Man is about 2,800 RMB/ton, and Jiangxi Lee & Man is about 2,300 RMB/ton.

In the upstream market, the methanol market continues to weaken, and some maintenance devices in the early stage have resumed and restarted. In the near future, there is an increase in supply; some downstream companies have high inventories, the downstream market is weak in catching up, and the overall transaction atmosphere has faded, currently about 1,622 RMB/ton; The liquid chlorine market has begun to decline, and the increase in market supply has led to significant price reductions in the downstream market. The current average price is around 800-900 RMB/ton.

On the other hand, the downstream market demand for dichloromethane is not good. Among them, the refrigerant market R134a is weak and stable, and the terminal demand has not improved. The export market for refrigerant R134a and downstream products is difficult to recover. Demand in the auto market is poor, and manufacturers are operating at a low level. In general, the supply of goods exceeds demand. Under the situation of oversupply, the industry has more bearish sentiments; the pharmaceutical and agricultural solvents industry has started flat, and there is insufficient support for dichloromethane.

Market outlook

Methane Chloride Data Analyst believes that the current supply of dichloromethane in the market is limited, and the downstream market has just enough demand for purchases, but it is still flat in the long term, and it is expected to rise slightly in the short term.

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

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