SunSirs: The Price of Trichloroethylene Continued to Decline Weakly (March 4-8)
March 13 2024 09:37:45 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of trichloroethylene in barrel continued to be weak this week, with an average price of 6,840 RMB/ton at the beginning of the week and 6,560 RMB/ton at the end of the week, a decrease of 4.09% during the week.
Analysis review
The price of trichloroethylene continued to decline, and the trading atmosphere on the market was light. The enthusiasm for raw material procurement had weakened, and the price of new orders was close to cost. Manufacturers had further weakened their profit sentiment. On March 6th, manufacturers in East China slightly increased, but the market inventory was large and shipments were active. The quota policy for third-generation refrigerants on the demand side had been implemented, and the pattern of the refrigerant industry continued to optimize. The price war among manufacturers had weakened, and the refrigerant industry as a whole had entered a business cycle. In addition, with the upcoming peak season for downstream refrigerant stocking in March, manufacturers had a strong attitude towards price support, and the domestic refrigerant R134a price had risen strongly.
Market outlook
SunSirs' trichloroethylene analyst believes that the upward price of refrigerant R134a on the demand side provided good support for trichloroethylene, and it is expected that trichloroethylene will fluctuate in the future market.
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