SunSirs: In October, the Dichloromethane Market First Fluctuated and Consolidated, and Then Fell Significantly

Price trend

In October, the dichloromethane market initially fluctuated and consolidated, followed by a significant decline. According to the Commodity Market Analysis System of SunSirs, as of October 30th, the price of bulk dichloromethane in Shandong Province was 2,667 RMB/ton, a decrease of 10.79% from 2,990 RMB/ton at the beginning of the month, and it surged to 3030 RMB/ton within the month. In the early stage, stimulated by the parking and maintenance of a certain factory, prices significantly increased. In the later stage, on the one hand, the support for raw materials weakened, and on the other hand, the supply and demand pressure further increased, leading to a significant decline in the market for dichloromethane.

Analysis review

In October, the overall operating rate of methane chloride devices slightly decreased, and as of late October, the operating rate of methane chloride was around 72%.

In October, the price of raw material methanol fluctuated and decreased, while the price of liquid chlorine slightly decreased, and the cost support for dichloromethane weakened. According to the Commodity Market Analysis System of SunSirs, as of October 30th, the spot price of methanol was 2,446 RMB/ton, a decrease of 1.28% from 2,478 RMB/ton at the beginning of the month; At the end of October, the acceptance price of liquid chlorine tank trucks in Shandong region was 300 RMB/ton, which was lower than the price of 400 RMB/ton at the beginning of the month. The cost support for dichloromethane was weak in the early stage.

Merchants have a low willingness to stock up and mostly purchase according to demand. Downstream terminals only require immediate support, and some methane chloride enterprises have slightly increased their inventory. The supply and demand side is relatively weak compared to the previous period.

Market outlook

According to methane chloride data analysts from SunSirs, currently, the price of dichloromethane raw materials has slightly declined from a high level, with weak support on the cost side and a backlog of supply side enterprises that just need support on the demand side. Overall, it is expected that the dichloromethane market will fluctuate and consolidate in the future.

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