SunSirs: The Market Situation of Dichloromethane Was Weakly Declining

Price trend

Since February (2.1-2.7), the dichloromethane market had been weak and declining. According to the Commodity Market Analysis System of SunSirs, as of February 7th, the average price of bulk dichloromethane in Shandong Province was 2,172 RMB/ton, a decrease of 4.61% from 2,277 RMB/ton on the first day. The price of raw material methanol had fluctuated higher, the price of liquid chlorine had significantly decreased, and the cost support for dichloromethane was weak; The cautious demand for downstream goods before the holiday was gradually weakening, and the inventory of enterprises had slightly increased, but the overall pressure was still acceptable. The dichloromethane market was weak and consolidating, with mainstream bulk water prices for dichloromethane in Shandong region around 2,150-2,250 RMB/ton as of February 7th.

Analysis review

Recently (from 2.1 to 2.7), the domestic supply of methane chlorides had slightly increased, and the Guangxi Jinyi 300,000 ton/year unit restarted operation from the 6th, increasing the unit load to 60%.

Recently (2.1-2.7), the price of raw material methanol had risen, while the price of liquid chlorine had fallen, resulting in weak support for the cost of dichloromethane. According to the commodity market analysis system of SunSirs, as of February 7th, the spot price of methanol was 2,640 RMB/ton, an increase of 3.06% from 2,561 RMB/ton on the 1st. As of February 7th, the acceptance price of liquid chlorine tank trucks in Shandong region was around 1 RMB/ton, which was significantly lower than the previous price.

As the Spring Festival approaching, downstream construction was temporarily stable at a low level, and demand was gradually weakening, weakening support for dichloromethane.

Market outlook

The methane chloride data analyst from SunSirs believes that the demand side for dichloromethane is weak in the short term, the supply side has slightly increased, and the cost side is fluctuating and consolidating. Overall, it is expected that the dichloromethane market will be mainly weakly consolidating before the holiday.

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