Price trend
According to the monitoring of the bulk data of SunSirs, the price of dichloromethane in Shandong has fallen sharply due to the weakening of downstream market demand. As of January 27, the average price in Shandong was around 3,480 RMB/ton, a decrease of 7.94% from the beginning of the week. Compared with the price at the beginning of the month, it fell 0.57%.
Analysis review
Affected by the completion of stocking in the downstream market, the dichloromethane market has gradually fallen. At present, dichloromethane production enterprises in Shandong are operating at a high level, the spot supply in the market is stable, and the company’s sales are acceptable. As the Spring Festival holiday is approaching, logistics and transportation are restricted to a certain extent. Companies are bidding for sales to prevent excessive inventory pressure in the future. As of the 27th, the price in Shandong wa around 3,420-3,480 RMB/ton, in East China was around 3,600 RMB/ton, and Jiangxi Lee & Man was around 3,650 RMB/ton.
Recently, the domestic methanol market has been steadily reorganized. Affected by the increase in freight costs, the cost of traders has increased. The domestic methanol spot market has been relatively strong, and the downstream market has entered the holidays one after another. The demand side support is limited, and on the 27th, the Shandong area was about 2,335 RMB/ton. The liquid chlorine market is operating steadily, the industry's delivery capacity is limited, the company's sales have slowed, and the epidemic has rebounded in some areas, the market demand is flat. The mainstream quotation in the industry on the 27th was around 400-500 RMB/ton.
The tightening prices of raw materials and refrigerant manufacturers have reduced their load operations, which is good for supporting the rise in refrigerant prices. The current demand is poor, downstream companies have suspended work for holidays, traders delisted to wait and see, and logistics in some areas have been suspended; solvents, pharmaceuticals and pesticides and other industries are starting flat, and support for dichloromethane is average.
Market outlook
The methane chloride data analyst of SunSirs believes that the current downstream market of dichloromethane has a relatively high degree of stocking, and the demand for dichloromethane is weak. In addition, the price of upstream raw materials has fallen. The methane chloride data analyst of SunSirs believes that the current downstream market of dichloromethane has a relatively high degree of stocking, and the demand for dichloromethane is weak. In addition, the price of upstream raw materials has fallen.
