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SunSirs: Dichloromethane Market in Shandong Province Fell Sharply Due to Supply Exceeding Demand
November 28 2019 10:38:37SunSirs(John)

Price trend

According to the data monitoring of SunSirs, , the dichloromethane market in Shandong Province has gradually declined. As of November 27, the price of dichloromethane in Shandong Province has dropped by 9.74% compared with the highest price in the month. At present, the average price of dichloromethane in Shandong Province is about 2780 RMB/ton.

 

Analysis review        

Product: At present, the spot supply of the dichloromethane market in Shandong area is gradually recovering. Among them, the Shandong Jinling plant has been in normal production, the Shandong Dongyue plant is gradually increasing its load, the Dongying Jinmao plant is gradually returning to normal, Luxi Chemical has started 60%, and the market has gradually increased. Currently in the traditional off-season season of dichloromethane, the price of dichloromethane in Shandong continues to fall. The current price in the region is about 2780-2800 RMB/ton; the price in eastern China is about 2900-3050 RMB/ton: Jiangxi Liwen offers about 3250 RMB/ton.

Industrial chain: On the upstream side, the central heating in northern cities officially started, with the cold current coming, the downstream demand gradually increased, and the price of natural gas rose by chance. At present, it is about 4366 RMB/ton; The liquid chlorine market has been in shock and consolidation, the supply of liquid chlorine market has been improved, and the enterprise's quotation has been continuously reduced. At present, the price of liquid chlorine market has been mainly reported about 300-600 RMB/ton. On the downstream side, the domestic refrigerant market rebounded to the bottom, prices rose slightly, and the market supply was slightly tight; the pharmaceutical and solvent industries did not have much demand and did not support the price of dichloromethane very much.

 

Market outlook

Analysts of dichloromethane from SunSirs believe that with the recovery of production in enterprises in Shandong, the spot supply of the market will increase significantly, and in the case of downstream market demand is unlikely to improve significantly, dichloromethane prices will gradually fall.

 

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