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SunSirs: Manufactures Reduce Operating Rate and Dichloromethane Market Rises Steadily
November 27 2020 11:34:15SunSirs(John)

Price trend

According to the monitoring of the bulk data of SunSirs, the dichloromethane market in Shandong has been steadily rising due to the reduction in operating rates of enterprises. As of November 26, the average price in Shandong was around 3,250 RMB/ton, an increase of 3.17% from the beginning of the month and an increase of 6.56% month-on-month.

Analysis review   

At present, the dichloromethane market in Shandong is steadily rising. The reduction of operating rates by some companies has led to a slight decline in market supply. The overall inventory pressure on the market is not large. The company has a good intention to push up. The demand from downstream and traders has increased slightly. The dichloromethane market is operating well. At present, the price of dichloromethane in Shandong is about 3,200-,3250 RMB/ton, Jiangsu Lee & Man is about 3,700 RMB/ton, and Jiangxi Lee & Man is about 3,200 RMB/ton.

In terms of raw materials, some parts of the methanol market are affected by the weather, and there is no quotation for the shutdown of equipment for maintenance. The inventory of manufacturers is not high, and the mentality of the industry is mostly optimistic. Traders are currently profitable. It is expected that the domestic methanol market will fluctuate mainly in the short-term; the liquid chlorine market will continue to be high and the market will slow down, but the downstream rigid demand performance is still strong. The current mainstream quotes in the industry are around 1,700-1,800 RMB/ton.

In the downstream market, the current refrigerant market trend is stable, raw materials are rising, and the automotive industry has entered the stocking stage. Demand has improved, boosting the market. However, the demand has not increased, and the export side is unlikely to see a major improvement. Increased production capacity has been released, inventories have risen, and supply and demand are in a game; the pharmaceutical and agricultural solvent industry has started flat, and there is insufficient support for dichloromethane.

Market outlook

Methane chloride data analysts of SunSirs believe that the current domestic dichloromethane market has a slight decline in spot supply, which stimulates the enthusiasm of downstream and traders. The overall purchase has increased, and the inventory pressure of dichloromethane companies is not large. It is expected that the price of dichloromethane will be firm in a short period of time. Pay attention to the price changes of raw material liquid chlorine.

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