SunSirs: Cost continued to support, and the dichloromethane market rose first and then fell in May, with an overall upward trend

https://www.chemnet.com   Jun 07,2024 SunSirs

Price trend

In May, the dichloromethane market first rose and then fell, with an overall upward trend. According to the Commodity Market Analysis System of SunSirs, as of May 31, the price of bulk dichloromethane in Shandong Province was 2,395 RMB/ton, an increase of 3.68% from 2,310 RMB/ton in early May, and a decrease of 4.58% from the high point of 2,510 RMB/ton in the cycle.

Analysis review

In May, the production of domestic methane chloride plants slightly increased, and some enterprises had a slight increase in dichloromethane inventory at the end of the month; In May, the methanol market for dichloromethane raw materials fluctuated and rose, and the price range of liquid chlorine reorganized, continuing to support the cost of dichloromethane; The downstream refrigerant of dichloromethane started operating at a low level, and the dichloromethane terminal just needed support. At the end of May, the dichloromethane market slightly declined.

In May, the operating rate of domestic methane chloride plants increased, and the pressure of dichloromethane supply increased in the second half of the month. The operating rate of plants gradually increased from 71% in early May to around 79% at the end of the month.

In May, the price of raw material methanol fluctuated and rose, while the price range of liquid chlorine stabilized. The cost of dichloromethane continued to support. According to the commodity market analysis system of SunSirs, as of May 31st, the spot price of methanol was 2,761 RMB/ton, an increase of 4.15% from the beginning of the month's 2,651 RMB/ton, and a decrease of 8.55% from the high point of 3,020 RMB/ton in the cycle; At the end of May, the price of liquid chlorine tank trucks in Shandong region was 500 RMB/ton, a significant increase from 300 RMB/ton in the middle of the month, and remained unchanged from 500 RMB/ton at the beginning of the month.

Downstream R 32 production had remained stable, with terminals purchasing goods on demand. At the beginning of the month, merchants actively stocked up, but later on, as dichloromethane rose to a high level and the supply side relaxed again, merchants were mainly wait-and-see in the later stage. As of May 31st, downstream demand for dichloromethane mainly supported, and the market atmosphere was flat.

Market outlook

SunSirs’ methane chloride data analyst believes that some companies still faced pressure on inventory, and terminal inquiries were cautious; The prices of raw materials methanol and liquid chlorine continued to support the cost of dichloromethane, and overall, it is expected that the dichloromethane market will fluctuate in the later period.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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