Price trend

This week (1.18-1.24), the downward trend of dichloromethane continued to expand. According to the Commodity Market Analysis System of SunSirs, on January 24th, the average price of dichloromethane water in Shandong Province was 2,465 RMB/ton, with a weekly decline of 7.85%; Logistics were restricted near the Spring Festival, market trading was weak, and demand support was insufficient. On January 24th, the ex factory price of mainstream dichloromethane in Shandong region was around 2,410-2,450 RMB/ton.

Analysis review

Supply side: The starting load this week remained stable compared to last week.

Cost aspect: With the holiday approaching and poor demand, the shipment of methanol and liquid chlorine was under pressure, and the market continued to decline. On January 24th, the spot price of methanol in SunSirs was 2,630 RMB/ton, a decrease of 4.65% from the beginning of the month.

Demand side: The refrigerant market was facing tight supply, with prices maintaining stability and exploring upward trends. As the Spring Festival holiday approaching, foreign trade delivery was not optimistic, and the domestic trade atmosphere was light.

Market outlook

SunSirs’ analysts believe that as the Spring Festival holiday approaching, transportation restrictions, holiday arrangements, and other factors will further affect overall production and sales. Waiting for resumption of work and production after the holiday, it is expected that the dichloromethane market will operate weakly and steadily after the holiday.

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