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Home - News - Dichloromethane Prices Continue to Rise This Week (March 11-18)

Dichloromethane Prices Continue to Rise This Week (March 11-18)

March 21, 2022

Price trend

According to the data monitoring of SunSirs, the dichloromethane market continued to rise this week (3.11-3.18). As of March 18, the average price of dichloromethane (bulk) in Shandong was 5,487 RMB/ton, compared with the price of 4,121 RMB/ton on Friday, an increase of 5.28%.

Analysis review

According to the knowledge of SunSirs, this week, the Jinling Dongying methane chloride plant in Shandong region restarted, the Dawang plant was shut down, the Dongyue plant started to reduce the load, and the start of the Shandong region declined; Chongqing Tianyuan methane chloride plant restarted and started at around 70% of the load, the overall start-up of domestic methane chloride plants had little fluctuation, and the pressure on the supply side was still there.

The price of raw material methanol fell sharply this week, and the cost support weakened. According to the understanding of SunSirs, as of March 18, the price of methanol was 2,787 RMB/ton, down 11.37% from last Friday's 3,145 RMB/ton.

Market outlook

The methane chloride data analyst of SunSirs believes that the rise of the dichloromethane market in Shandong this week is mainly affected by the inertia of the previous cost, and on the other hand, it is mainly affected by the reduction of supply in the region. At present, the price of methanol has dropped, the cost support has weakened, and the overall domestic supply is still loose. It is expected that dichloromethane will be mainly adjusted in the near future.