SunSirs: The Market of Dichloromethane Rose after the Spring Festival (January 30-February 6)

https://www.chemnet.com   Feb 08,2023 SunSirs

　　The dichloromethane market rose this week (1.30~2.6). As of February 6, the average price of bulk dichloromethane in Shandong was 2,485 RMB/ton, up 5.74% from the price of 2,350 RMB/ton last Monday. Although the price of raw materials fell slightly this week, the cost support was still there; In addition, due to the increasing enthusiasm of the downstream companies to consider stock inquiries, dichloromethane enterprises had a high willingness to support high prices, and the ex-factory price had increased.

　　Analysis review

　　This week (1.30~2.6), the operating rate of methane chloride unit fluctuated slightly.

　　This week (1.30~2.6), the price of raw methanol decreased slightly, and the cost of dichloromethane decreased slightly, but there was still support. According to SunSirs, the spot price of methanol was 2,702 RMB/ton as of February 6, down 2.38% from the price of 2,768 RMB/ton on January 30.

　　This week (1.30~2.6), the enthusiasm of downstream inquiry continued to increase, and some downstream customers with storage space before the holiday mostly made secondary purchases; Dichloromethane enterprises had a high willingness to support high prices, the ex-factory price had increased slightly, and the offer of merchants had risen.

　　Market outlook

　　According to the methane chloride data analyst of SunSirs, the cost of dichloromethane still has support, and the willingness to stock of downstream is higher, but the pressure on the supply side is still there. It is expected that the dichloromethane market will continue to rise tentatively in the short term.

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