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SunSirs: Supply Declines, and the Dichloromethane Market in Shandong Is Rising
September 18 2020 11:55:30SunSirs(John)

Price trend

According to the monitoring of the bulk data of SunSirs, the dichloromethane market in Shandong has been rising strongly due to the decline in supply. As of September 17, the average price in Shandong was around 2,360 RMB/ton, an increase of 3.51% from the beginning of the month and an increase of 3.06%from the same period last month.

Analysis review

Affected by the decline in enterprises and low inventories, the spot supply of dichloromethane in Shandong has declined slightly, coupled with the high price of raw material liquid chlorine, the price of dichloromethane in Shandong has risen strongly, and the price of dichloromethane in East and South China has been affected by the impact of Shandong. At present, the price of dichloromethane in Shandong is about 2,360-2,400 RMB/ton, Jiangsu Lee & Man is about 3,000 RMB/ton, and Jiangxi Lee & Man is about 2,450 RMB/ton.

In the upstream market, due to the strong trend of futures, the methanol market quotations in various regions have also risen to varying degrees. Some production companies temporarily shut down their installations. The sales of the companies are acceptable, and the manufacturers’ offers are firm. The short-term domestic methanol market is expected to fluctuate at high levels, currently around 1,807 RMB/ton; the liquid chlorine market is strong at a high level, corporate inventories have fallen, and some equipment maintenance has not been restored. The industry's supply and demand are relatively balanced. The current mainstream quotation in the industry is around 700-900 RMB/ton.

The refrigerant market is affected by high costs and prices have risen, but the demand side support is insufficient. The demand from downstream car manufacturers is small, and the export is not good. The ability to receive refrigerants for sudden surges is insufficient, and the sales of enterprises are average. At the same time, the on-site supply is abundant, and there are plans for new production capacity to enter the market. The contradiction of oversupply may deepen. Some companies have cost upside down, and the market outlook is still not optimistic; the pharmaceutical and agricultural solvent industry is starting to be flat, and there is insufficient support for dichloromethane.

Market outlook

The methane chloride data analyst of SunSirs believes that the current inventory pressure of dichloromethane manufacturers in Shandong is not large. In addition, some traders stock up before the holiday. The downstream buying mentality is relatively strong, and the company has a good price intention, and it is expected to be strong in a short time.

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

 

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