SunSirs: The Market Situation of Dichloromethane Had Slightly Increased

Price trend

This week (5.22-5.29), the market for dichloromethane slightly increased. According to the Commodity Market Analysis System of SunSirs, as of May 29th, the average price of bulk dichloromethane in Shandong Province was 2,410 RMB/ton, an increase of 2.12% from last Monday's 2,360 RMB/ton. The price of raw material methanol was consolidated at a low level, the cost support for dichloromethane was weak; The supply side of methane chloride remained loose; In the second half of this week, some downstream and export areas was concentrated to replenish, providing slight support for dichloromethane, and the price of dichloromethane had slightly increased.

Analysis review

This week (5.22-5.29), the operating rate of methane chloride plants slightly decreased, and the overall supply pressure was still on.

This week (5.22-5.29), the price of raw material methanol was consolidated at a low level, and the cost support for dichloromethane was still weak. According to the Commodity Market Analysis System of SunSirs, as of May 29th, the spot price of methanol was 2,191 RMB/ton, an increase of 0.04% from last Monday's 2,190 RMB/ton, and the low point during the cycle was 2,135 RMB/ton.

Although the downstream centralized replenishment in a short term, on the one hand, the magnitude was not significant, and on the other hand, the downstream refrigerant R32 was still operating at a low level, the support for the demand for dichloromethane was limited. The pharmaceutical intermediate and diluent solvent industries had experienced slight fluctuations in production, and provided rigid support for dichloromethane. There was no significant increase in the overall demand for dichloromethane.

Market outlook

According to methane chloride data analysts from SunSirs, as of the 29th, downstream demand for dichloromethane had improved in a short term compared to the previous period. However, the supply side of dichloromethane was loose, and the effect from the fundamentals of the industrial chain was weak, it is expected that the dichloromethane market will consolidate in a narrow range in the short term.

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