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SunSirs: The Dichloromethane Market in Shandong Remained High
August 19 2020 14:16:41SunSirs(John)

Price trend

According to the monitoring of the bulk data of SunSirs, the dichloromethane market in Shandong is strong at a high level. As of August 18, the average price in Shandong was around 2,290 RMB/ton, an increase of 2.69% from the beginning of the month and an increase of 4.09% from the same period last month.

Analysis review

At present, the overall operating rate of dichloromethane companies in Shandong has gradually recovered, and the quotations of companies have been at a high level. The downstream market has just weak demand, the supply and demand game in the industry, the inventory pressure of production enterprises has gradually increased, the industry has a strong wait-and-see atmosphere, and the intention of receiving goods is not high, and it is obviously bearish for future generations. At present, the price of dichloromethane in Shandong is about 2,290-2,310 RMB/ton, Jiangsu Lee & Man is about 2,900 RMB/ton, and Jiangxi Lee & Man is about 2,400 RMB/ton.

In the upstream market, the methanol market fluctuated downwards, and the news of corporate overhauls and negative losses failed to effectively boost market confidence. The overall transaction in the industry was still light, currently around 1,620 RMB/ton; the liquid chlorine market fluctuated with fluctuations, and the decline in the corporate burden led to a decline in market supply. However, the trading atmosphere in the industry is still sluggish, and the current average price is around 500-700 RMB/ton.

The downstream refrigerant market for dichloromethane has not started very high, and the industry as a whole has entered the off-season. The demand has declined significantly. The negative factors in the industry are obvious; the pharmaceutical and agricultural solvent industry has started flat, and there is insufficient support for dichloromethane.

Market outlook

The methane chloride data analyst of SunSirs believes that the supply and demand game of the dichloromethane market in Shandong is obvious, and the new orders in the industry are relatively small. With the accumulation of corporate inventory, the market outlook is expected to decline weakly.

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