SunSirs: Limited Demand, Dichloromethane Market Continued to Weaken

https://www.chemnet.com   Oct 29,2024 SunSirs

Price trend

This week (10.19-10.25), the demand for dichloromethane in the market was weak, and the market in Shandong continued to weaken. According to the Commodity Market Analysis System of SunSirs, as of October 25th, the average price of bulk dichloromethane in Shandong Province was 2,665 RMB/ton, with a weekly decline of 6.49%.

Analysis review

The market inventory was under pressure, and the transaction atmosphere was flat. Shandong's major factories had significantly lowered their quotations, and terminals were taking goods on demand. The demand side was mostly adopting a wait-and-see and bearish attitude. As of October 25th, the ex factory price of mainstream dichloromethane in Shandong region was around 2,620-2,700 RMB/ton.

Supply side: The Dongyue plant in Shandong had resumed production, and the operating rate of methane chloride will increase.

In terms of raw materials: Recently, methanol production reduction and maintenance had been favorable, and the market had slightly rebounded after falling to a low level. According to the commodity market analysis system of SunSirs, as of October 25th, the spot price of methanol was 2,445.83 RMB/ton, a decrease of 5.11% from the beginning of the month. The liquid chlorine market was fluctuating and rising, and the trading atmosphere was still acceptable.

In terms of demand: refrigerant demand was essential for procurement, with increased quotas released within R32. Air conditioning orders were locked in price, and export volume continued to increase. The overall market was improving, and foreign trade offers were temporarily significantly higher than those in the domestic market.

Market outlook

SunSirs’ analysts believe that with the resumption of production of enterprise maintenance equipment, market supply was gradually increasing, demand was mainly driven by essential needs, and buying at low prices was expected. It is expected that the dichloromethane market will consolidate to weaken.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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