Price trend

This week (11.13-11.21), the dichloromethane market continued to decline weakly. According to the Commodity Market Analysis System of SunSirs, as of November 21, the average price of bulk dichloromethane in Shandong Province was 2,430 RMB/ton, a decrease of 2.41% from last Monday's 2,490 RMB/ton. The price of raw material methanol was weak and lowered, while the price of liquid chlorine remained high, and the cost of dichloromethane still had support; Downstream and terminal customers were cautious in purchasing goods. Enterprises in Shandong region generally had low inventory pressure when shipping, while enterprises in East China and other regions had inventory pressure when shipping dichloromethane. Some domestic enterprises had lowered the factory price of dichloromethane, and as of November 21, the factory price of mainstream bulk dichloromethane in Shandong region was around 2,350-2,500 RMB/ton.

Analysis review

This week (11.13-11.21), the domestic methane chloride operating rate slightly increased to around 65%.

This week (11.13-11.21), the raw material methanol slightly decreased, the price of liquid chlorine remained high, and the cost of dichloromethane still had support. According to the Commodity Market Analysis System of SunSirs, as of November 21, the spot price of methanol was 2,395 RMB/ton, a decrease of 2.68% from last Monday's 2,460 RMB/ton. As of November 21st, the price of liquid chlorine in Shandong region had been sorted out around 600 RMB/ton.

The operating rate of methane chloride in China was at a low level around 65%. With the recent decline in the factory price of dichloromethane, the inventory pressure of dichloromethane in Shandong Province had greatly decreased. However, as of November 21th, terminals were still cautious in purchasing goods, and the overall transaction atmosphere in the market was still weak. Some enterprises in East China had not significantly improved their shipment situation, and inventory pressure on enterprises increased.

Market outlook

According to methane chloride data analysts from SunSirs, the demand side of dichloromethane was weak, and the supply side had slightly increased compared to the previous period, which had a negative impact on the dichloromethane market. However, the rise in raw material prices had cost support for dichloromethane, and it is expected that the dichloromethane market will narrowly sorted out in the short term.

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