Price trend

This week (2.9-2.14), the dichloromethane market continued to rebound. According to the Commodity Market Analysis System of SunSirs, on February 14th, the average price of dichloromethane water in Shandong Province was 2,572 RMB/ton, with a weekly increase of 3.11%.

Analysis review

Downstream demand was slowly recovering, with urgent procurement and reduced pressure on enterprise shipments. At the beginning of the week, the dichloromethane market continued to rise slightly. As of February 14th, the market supply and demand were in a stalemate, and there was a strong wait-and-see sentiment in the downstream. On February 14th, the mainstream bulk price of dichloromethane in Shandong region was around 2,520-2,570 RMB/ton.

Supply side: Starting this week, the load was running steadily.

Cost side: The market atmosphere was weakening, shipments were slow, and the methanol and liquid chlorine markets were declining. On February 13th, the spot price of methanol in SunSirs was 2,604.17 RMB/ton, a decrease of 1.2% from the beginning of the month.

Demand side: Downstream production was gradually recovering, and the demand for refrigerants was expected to be good. However, due to the impact of production and sales not yet recovering, factories had a strong wait-and-see attitude towards maintaining stability.

Market outlook

SunSirs’ analysts believe that the expected increase in downstream production and demand will support the stable to stronger operation of dichloromethane.

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