SunSirs: In May, the Dichloromethane Market Fluctuated and Slightly Declined
June 02 2023 09:29:03 SunSirs (John)
Price trend
The dichloromethane market fluctuated in May and declined slightly. According to the Commodity Market Analysis System of SunSirs, as of May 31, the price of bulk dichloromethane in Shandong Province was 2,410 RMB/ton, a decrease of 4.93% from 2,535 RMB/ton at the beginning of the month. The low point in the month was 2,310 RMB/ton, and the high point was 2,625 RMB/ton.
The price of raw material methanol had decreased, and the cost support for dichloromethane was weak; The methane chloride device started operating with slight fluctuations, and the supply pressure continued; The procurement of downstream refrigerant R32 for dichloromethane was mainly based on demand and small orders, with insufficient support on the demand side; The dichloromethane market fluctuated slightly.
Analysis review
In May, there was a slight fluctuation in the start of the methane chloride plant, and the overall supply pressure continued.
In May, the price of raw material methanol plummeted significantly, and the cost support for dichloromethane weakened. According to the Commodity Market Analysis System of SunSirs, as of May 31, the spot price of methanol was 2,160 RMB/ton, a decrease of 10.87% from 2,423 RMB/ton at the beginning of the month.
The peak season had gradually ended, and the purchase of dichloromethane in the refrigerant R32 market decreased compared to the previous period, and market transactions mainly focused on small orders, the support for dichloromethane was weak.
Market outlook
Analysts from SunSirs’ methane chloride data believe that the cost of dichloromethane was declining, coupled with continued supply pressure, it is expected that the dichloromethane market will continue to consolidated narrowly in the future.
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