SunSirs: The Price of Tetrachloroethylene Had Risen Narrowly (March 18-24)
March 28 2024 14:40:09 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic tetrachloroethylene market saw a narrow increase this week (3.18-3.24). The average market price at the beginning of the week was 5,050 RMB/ton, and the average weekend price was 5,087 RMB/ton, with a weekly increase of 0.74%.
Analysis review
Within this week, large tetrachloroethylene factories slightly increased their prices. According to customs data, the export volume of tetrachloroethylene in February was 1,155.6 tons, a year-on-year decrease of about 14.5%, and there were no imports. The market supply was tight, and distributors closely followed the increase of large factories. The mainstream quotation for downstream refrigerant R125 was 45,000-48,000 RMB/ton, and the manufacturer's attitude of price support was maintained, and the supply-demand game continued.
Market outlook
SunSirs' tetrachloroethylene analyst believes that with the support of supply and demand, it is expected that the price of tetrachloroethylene will continue to rise this week.
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