This week (11.13-11.21), the dichloromethane market continued to decline weakly. According to the Commodity Market Analysis System of Business Society, as of November 21, the average price of dichloromethane bulk water in Shandong Province was 2430 yuan/ton, a decrease of 2.41% from last Monday’s 2490 yuan/ton. The price of raw material methanol is weak and low, while the price of liquid chlorine remains high, and the cost of dichloromethane still has support; Downstream and terminal customers should be cautious in purchasing goods. Enterprises in Shandong region generally have low inventory pressure when shipping, while enterprises in East China and other regions have low inventory pressure when shipping dichloromethane. Some domestic enterprises have lowered the factory price of dichloromethane, and as of November 21, the factory price of mainstream dichloromethane bulk water in Shandong region is around 2350-2500 yuan/ton.
This week (11.13-11.21), domestic methane chloride production slightly increased to around 6.5%.
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 has support. According to the Commodity Market Analysis System of Business Society, as of November 21, the spot price of methanol was 2395 yuan/ton, a decrease of 2.68% from last Monday’s 2460 yuan/ton. As of November 21st, the acceptance price of liquid chlorine tank trucks in Shandong region has been sorted out around 600 yuan/ton.
The domestic production of methane chloride is at a low level of around 6.5%. With the recent decline in the factory price of dichloromethane, the inventory pressure of dichloromethane in Shandong Province has greatly decreased. However, the terminal is still cautious in purchasing goods, and the overall transaction atmosphere in the market is still weak. Some enterprises in East China have not significantly improved their shipment situation, and the inventory pressure of enterprises has increased.
Future Market Forecast: According to the methane chloride data analyst of Business Society, the demand for dichloromethane is weak, and the supply side has slightly increased compared to the previous period, which has a negative impact on the dichloromethane market. However, the rising raw material prices have cost support for dichloromethane, and it is expected that the dichloromethane market will narrow in the short term.
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