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SunSirs: Overwhelming Negative Factors, Dichloromethane Market Continued to Fall
December 31 2020 12:36:14SunSirs(John)

Price trend

According to the monitoring of the bulk data of SunSirs, the domestic dichloromethane market continued to decline due to the decline in the price of raw material liquid chlorine and the increase in spot supply. As of December 30, the average price in Shandong was around 3,500 RMB/ton, a decrease of 6.17% from the same period last week and an increase of 3.86% from the beginning of the month.

Analysis review  

Recently, the dichloromethane market in Shandong has been operating weakly. Affected by the fall in the price of raw material liquid chlorine, the cost of dichloromethane is insufficient. Some companies have slightly increased their load and the market supply has increased. However, the downstream market demand is flat and the sales of companies are not smooth. The mentality is obvious. As of the 30th, the price of dichloromethane in Shandong was around 3,500 RMB/ton, in East China was around 3,650 RMB/ton, and Jiangxi Lee & Man was around 3,750 RMB/ton.

In terms of raw material methanol, some companies in the southwestern region stopped or reduced production, and some companies stopped selling or restricted sales, and the supply side was tightened; coal and natural gas tended to be strong, and methanol cost support was better. On the other hand, under the influence of low temperature, some formaldehyde companies started to reduce production, and the overall demand was average, the price was around 2,355 RMB/ton; the liquid chlorine market continued to decline, and the transaction atmosphere in the industry was not good. Due to the recent rain and snow, transportation was restricted. The sales of enterprises were average, and the mainstream quotations in the industry were around 1,200-1,400 RMB/ton.

The downstream refrigerant market is trending strong. Some companies suspended quotations when they were out of stock. They need to wait for new quotas to come out before resuming. At present, the market inquiries are declining. There are not many new orders, and most of the industry players are on the sidelines. Industries such as solvents, pharmaceuticals, and pesticides are starting flat, and support for dichloromethane is average.

Market outlook

Methane chloride data analysts believe that the current dichloromethane market is negative and the industry’s trading is light. In addition, the recent rain and snow weather has caused limited sales of enterprises. The downstream demand is poor, but the inventory pressure of dichloromethane manufacturers is not great. Dichloromethane prices are expected to operate weakly and steadily in a short period of time.

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