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SunSirs: Dichloromethane Market Was Firmly Up Due to High Cost
October 15 2020 08:21:06SunSirs(John)

Price trend

According to the monitoring of the bulk data of SunSirs, the dichloromethane market in Shandong has been on the rise due to the high price of raw materials. As of October 13, the average price in Shandong was around 2,720 RMB/ton, an increase of 4.62% from the beginning of the month and an increase of 19.3% month-on-month.

Analysis review

Affected by the high price of raw material liquid chlorine, dichloromethane production enterprises are under greater pressure on the cost side, and some enterprises' production decline is obvious. In addition, the overall operating rate of the market has fallen. Dual positive factors have supported the steady increase of dichloromethane prices. At present, the price of dichloromethane in Shandong is about 2,720-2,750 RMB/ton, Jiangsu Lee & Man is about 3,300 RMB/ton, and Jiangxi Lee & Man is about 2,750 RMB/ton.

In the upstream market, the methanol market has risen to varying degrees due to the positive impact of futures and the rebound in downstream demand. Among them, Shandong and Shanxi have seen significant gains. The positive factors still exist in a short period of time, currently around 1,825 RMB/ton; The liquid chlorine market is operating at a high level, and companies have successively introduced maintenance plans and low inventories have led to the continuous rise of liquid chlorine prices. The current mainstream quotations in the industry are around 1,000-1,200 RMB/ton.

In the downstream market, the refrigerant market’s post-holiday transactions are weak, the downstream market demand is weak, and the market continues to operate at a low level. The industry has a bearish attitude; the pharmaceutical and agricultural solvent industry has started flat and lacks support for dichloromethane.

Market outlook

The methane chloride data analyst of SunSirs believes that the current domestic dichloromethane companies are affected by high cost, and the company's collapse is serious. In addition, the current inventory pressure is not large, and the company has a clear intention to raise prices. It is expected to continue to operate stably in a short period of time.

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