SunSirs: The Market Situation of Dichloromethane Fell First and Then Rose

Price trend

This week (8.21-8.29), the dichloromethane market first fell and then rose, with an overall decline. According to the Commodity Market Analysis System of SunSirs, as of August 29th, the average price of bulk dichloromethane in Shandong Province was 2,627 RMB/ton, a decrease of 1.04% from last Monday's 2,655 RMB/ton. The price of raw material methanol was running at a high level, the price of liquid chlorine continued to rise slightly, and the cost center of dichloromethane continued to rebound; The domestic production of methane chloride was around 75%, and the inventory of enterprises was at a medium to low level. Dichloromethane fluctuated and consolidated. As of August 29th, the factory price of mainstream bulk dichloromethane in Shandong region was around 2,620~2,700 RMB/ton.

Analysis review

This week (8.21-8.29), domestic methane chloride production was basically normal, with an overall production rate of around 75%.

This week (8.21-8.29), the price of raw material methanol remained high, while the price of liquid chlorine continued to rise, and the cost center of dichloromethane increased. According to the Commodity Market Analysis System of SunSirs, as of August 29th, the spot price of methanol was 2,451 RMB/ton, an increase of 0.14% from last Monday's 2,448 RMB/ton. As of August 28th, the price of liquid chlorine in Shandong region was 500 RMB/ton, a significant increase from the beginning of the month of 100 RMB/ton, and the cost supported for dichloromethane.

The domestic production of methane chloride was around 75%, and the inventory of enterprises remained at a medium to low level, which provided some support for the price of dichloromethane; As of August 29th, in the off-season of air conditioning, the market was weaker under the pressure of R32 inventory removal, and the start of installation remained at a low level. In addition, merchants and downstream companies had already stored a certain amount of inventory. Recently, the enthusiasm for downstream delivery had decreased, and demand support had slightly weakened.

Market outlook

According to methane chloride data analysts from SunSirs, the demand side support for dichloromethane had weakened compared to the previous period, but the supply side pressure in the dichloromethane region was not significant. Combined with cost side support, it is expected that the dichloromethane market will consolidate at a high level in the short term.

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