This week (10.6-10.12), the dichloromethane market showed a significant upward trend, and the pause button was pressed on the 11th. According to the Commodity Market Analysis System of Shengyi Society, as of October 12th, the average price of dichloromethane bulk water in Shandong Province was 2880 yuan/ton, with a weekly increase of 5.88%.

Affected by the positive news of large factories’ parking and maintenance, the enthusiasm of dichloromethane enterprises to increase their offers after the holiday is significantly stronger. The dichloromethane market has shown a significant upward trend, but the market demand is limited, and the trading atmosphere has weakened to some extent. Under the high price, the willingness of merchants to accept orders has decreased significantly, and the current market situation is temporarily stable. As of October 12th, the ex factory price of mainstream dichloromethane in Shandong region is around 2850-2910 yuan/ton.

Supply side: Large factories shut down for maintenance, and methane chloride production slightly decreased.

In terms of raw materials, prices have weakened after the holiday. The focus of the raw material methanol market has shifted downwards. According to the Commodity Market Analysis System of Shengyi Society, as of October 11th, the spot price of methanol was 2505.83 yuan/ton, a decrease of 2.78% from early October. Macro support has weakened, with significant declines in the spot market and weak supply and demand fundamentals. The liquid chlorine market continues to decline, with chlor alkali companies in some areas of Shandong experiencing an increase in liquid chlorine exports due to downstream equipment maintenance. Coupled with limited downstream demand in the region, there is significant pressure on companies to ship, resulting in a wide range of price reductions for liquid chlorine.

On the demand side: There has been no fluctuation in the downstream refrigerant R32 air conditioning enterprise orders after implementation, and export demand is concentrated after the National Day holiday. The enterprise’s order situation has greatly improved, and retail orders have increased to 40000 yuan/ton. The market is still bullish and not bearish. Positive support for dichloromethane formation.

Business analysts believe that the news of major factories stopping for maintenance is positive, but there is a strong wait-and-see sentiment on the demand side, and it is expected that the dichloromethane market will mainly consolidate and operate.