Price trend
According to the data monitoring of SunSirs, the dichloromethane market rose strongly this week (5.10-5.14). As of May 14, the average price of dichloromethane in Shandong was around 3,920 RMB/ton, up 8.19% from 3,623 RMB/ton at the beginning of the week.
Analysis review
This week, the overall operating rate of domestic methane chloride plants was close to 80%, and the supply pressure was not large, which provided certain support for dichloromethane. According to SunSirs, the Jinling Dongying plant was operating at full capacity after the overhaul, Dongyue Chemical’s methane chloride plant was started by 50% to 60%, Jinmao Chemical’s methane chloride plant was shutting down, and Luxi Chemical was started near 90%, Jiangsu Liwen , Jiangxi Liwen started construction at full capacity, Meilan Juhua started near 70%.
This week, the turnover of dichloromethane was mainly for just needed customers, the business's stock inquiries increased, the support for dichloromethane strengthened, and the ex factory price of dichloromethane of methane chloride manufacturers increased moderately.
Although the price of liquid chlorine was at a low level, the price of methanol went up as a whole, and the cost side still supported dichloromethane. According to SunSirs, as of May 14, the price of methanol was 2,680 RMB/ton, an overall increase of 2.87% from 2,607 RMB/ton at the beginning of the week; as of May 14, the mainstream ex-factory price of liquid chlorine in Shandong was reported around 1200 RMB/ton.
Market outlook
SunSirs’methane chloride data analysts believe that at present, the domestic dichloromethane market supply and demand side and cost side support is effective, overall, the later market price will continue to be strong.
