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SunSirs: The Maintenance Was Gradually Carried out, and Dichloromethane Was Stable after a Slight Increase

December 06 2024 09:16:11     SunSirs (John)

Price trend

This week (12.1-12.5), the dichloromethane market saw a slight upward trend before stabilizing. According to the Commodity Market Analysis System of SunSirs, as of December 5th, the average price of bulk dichloromethane in Shandong Province was 3,095 RMB/ton, with a weekly increase of 3.51%.

Analysis review

The dynamic shutdown of enterprise equipment has driven the market atmosphere. The industry's operating load level has decreased during the week, and suppliers have maintained a bullish sentiment. Enterprise inventory was low, and currently the market remained stable at a high level. Buyers were following up as needed, and the market trading atmosphere has weakened, with some holding a wait-and-see attitude. As of December 5th, the ex factory price of mainstream dichloromethane in Shandong region was around 3,080-3,100 RMB/ton.

On the supply side: During the week, some enterprises resumed their equipment and underwent maintenance, resulting in a decrease in operating load and weakened supply, which was favorable for the upward trend of dichloromethane prices.

In terms of raw materials, the methanol market was experiencing a downward trend, with strong willingness from companies to ship, a weak trading atmosphere in the market, and a sluggish spot market. As of December 5th, the spot price of methanol in SunSirs was 2,482.5 RMB/ton, a decrease of 2.42% from the beginning of the month. The market for liquid chlorine in Shandong has fallen from a high level, with stable production and low purchasing sentiment among downstream enterprises, resulting in pressure on shipments.

In terms of demand, the market price of refrigerant R32 remained stable at a high level, with little remaining annual quota. In December, the industry's inspection and repair area expanded, and the tight supply atmosphere continued to spread, resulting in limited demand for dichloromethane. Other applications should maintained purchasing on demand and restocked at low prices.

Market outlook

SunSirs’ analysts believe that the decline in raw materials will increase the profit margin of enterprises, and the maintenance of enterprise equipment will help to strengthen the market. The demand side urgently needs to purchase and expects low prices. It is expected that the dichloromethane market will consolidate in the short term.

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