SunSirs: The Dichloromethane Market Fluctuated in a Narrow Range in April

Analysis review

The dichloromethane market fluctuated narrowly in April. According to the Commodity Market Analysis System of SunSirs, as of April 26th, the price of bulk dichloromethane in Shandong Province was 2,590 RMB/ton, an increase of 0.68% from 2,572 RMB/ton at the beginning of the month. The low point in the month was 2,512 RMB/ton, and the high point was 2,672 RMB/ton.

The price of raw material methanol slightly decreased, and the cost support for dichloromethane was weaker; The operating rate of dichloromethane fluctuated slightly, and the supply side pressure continued; The price of downstream refrigerant R32 remained strong at a high level, but after initial replenishment, in April, the purchase of dichloromethane was mainly based on demand and small orders, with weaker demand support compared to March; The dichloromethane market fluctuated slightly.

Market outlook

The operating rate of dichloromethane fluctuated slightly in April, and the overall supply pressure was significant.

In April, the price of raw material methanol narrow consolidated, while the cost support for dichloromethane was weaker. According to the Commodity Market Analysis System of SunSirs, as of April 26th, the spot price of methanol was 2,491 RMB/ton, a decrease of 2.73% from the beginning of the month's 2,561 RMB/ton. During the cycle, the high point was 2,571 RMB/ton, and the low point was 2,401 RMB/ton.

The market price of refrigerant R32 was firm. After the centralized replenishment of dichloromethane in the early stage, the purchase of dichloromethane was less than that in the early stage. Market transactions were mainly small orders, and the support for dichloromethane was weak.

Market outlook

Analysts from SunSirs’ methane chloride data believe that the cost support for dichloromethane is weak, coupled with significant supply pressure, and it is expected that the dichloromethane market will continue to consolidate weakly in the future.

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