Price trend

According to the data monitoring of SunSirs, the dichloromethane market rose slightly this week (7.29-8.5). As of August 5, the average price of dichloromethane bulk water in Shandong was 2,950 RMB/ton, up 5.73% from last Friday's 2,790 RMB/ton. At the beginning of August, the dichloromethane market rebounded slightly. On the one hand, since April, the dichloromethane market has been falling all the way, and profits have been continuously squeezed. There was a rebound in demand in the short term; On the other hand, the downstream construction was still at a low level, and the demand side had insufficient support, which suppressed dichloromethane.

Analysis review

In early August, the domestic supply of methane chloride continued to be loose. Jiangsu Lee & Man’s 160,000-ton/year methane chloride plant had a 100% load; Jiangxi Lee & Man’s 160,000-ton/year methane chloride unit had a 75% load; Jiangsu Meilan’s 200,000-ton/year methanol-based dichloromethane unit started at 80% load. Sufficient supply dragged the dichloromethane market upward trend.

This week (7.29-8.5), the spot price of methanol fell, and the cost side continued to weaken. According to the understanding of SunSirs, as of August 5, the spot price of methanol was 2,473 RMB/ton, down 4.76% from last Friday's 2,597 RMB/ton.

The downstream refrigerant R32 industry of dichloromethane was operating steadily, but the recent low season for the traditional production of terminal air-conditioning plants reduced the actual demand; coupled with the stable performance of foreign trade exports, the support for dichloromethane was stable and weak.

Market outlook

The methane chloride data analyst of SunSirs believes that although the price of dichloromethane rebounded this week, due to the loose supply of domestic methane chloride and the lower cost, it is expected that dichloromethane will continue to weaken in the later period.

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