SunSirs: The Dichloromethane Market Was Weak and Fluctuated Downward

Price trend

Recently (11.1-11.13), the market for dichloromethane had been weak and fluctuating. According to the Commodity Market Analysis System of SunSirs, as of November 13th, the average price of bulk dichloromethane in Shandong Province was 2,490 RMB/ton, a decrease of 3.30% from 2,575 RMB/ton at the beginning of the month, and the highest point in the cycle was 2,610 RMB/ton. The price of raw material methanol was weak and slightly higher, the price of liquid chlorine was higher, and the cost center of dichloromethanewas slightly higher; Downstream and terminal customers were cautious in their purchases. The general inventory pressure for enterprise shipments had accumulated slightly, and the factory price of dichloromethane had been lowered. As of November 13th, the factory price of mainstream bulk dichloromethane in Shandong region was around 2m460-2m550 RMB/ton.

Analysis review

Recently (11.1-11.13), the operating rate of methane chloride in China remained around 6.1%. In the later stage, a plant in Shandong Province planed to restart with feedstock.

Recently (11.1-11.13), the raw material methanol had slightly increased, the price of liquid chlorine had significantly increased, and the cost support for dichloromethane had strengthened. According to the Commodity Market Analysis System of SunSirs, as of November 13th, the spot price of methanol was 2,465 RMB/ton, an increase of 1.65% from the 2,425 RMB/ton at the beginning of the month. As of November 13th, the price of liquid chlorine in Shandong region had been sorted out around 600 RMB/ton.

The domestic production of methane chloride was at a low level around 61%. Although the factory price of dichloromethane had recently decreased, downstream inquiries were few, and terminals were cautious in purchasing goods. The overall transaction atmosphere in the market was still weak, and the shipping situation of enterprises had not significantly improved, and there was still a small accumulation of inventory in enterprises.

Market outlook

According to methane chloride data analysts from SunSirs, there was still pressure on inventory of dichloromethane enterprises, and the demand side was still weak, which had a negative impact on the dichloromethane market. However, the rise in raw material prices had cost support for dichloromethane, and it is expected that the dichloromethane market will be adjusted narrowly in the short term.

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