SunSirs: The Overall Market Price of Dichloroethane Had Increased (March 4-8)
March 13 2024 14:26:23 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the overall price of dichloroethane in the domestic market increased this week (3.4-3.8). The average market price at the beginning of the week was 2,720 RMB/ton, and the average weekend price was 2,840 RMB/ton, with a weekly increase of 4.41%.
Analysis review
The overall domestic market for dichloroethane had risen, with a slight decrease in the focus of dichloroethane in Jiangsu this week compared to last week. New orders had been poorly executed, and inventory was mainly consumed. The markets in Shandong and Shanghai had rebounded, with a strong trading atmosphere and low inventory levels. The price of dichloroethane had slightly increased compared to last week.
In terms of raw materials, the price of ethylene in Northeast Asia fell by 20 US dollars/ton this week, and the domestic liquid chlorine market was on the rise. The shipment situation of alkali plants was still acceptable.
In terms of demand, the ethylene method PVC in East China increased by 50 RMB/ton this week. In February, the export prices of ethylene method PVC in East China and North China were lowered, and the export transaction situation for that month was average.
Market outlook
From the perspective of SunSirs, the raw materials had fluctuated, but the domestic prices on the demand side had risen, which was a favorable factor for the market of dichloroethane. It is expected that dichloroethane will remain stable and tend to operate stronger in the future.
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