The dichloromethane market rose first and then fell in December

According to the data monitoring of the business community, the dichloromethane market rose first and then fell in December. As of December 26, the average price of dichloromethane bulk water in Shandong was 2352 yuan/ton, up 5.26% from 2235 yuan/ton at the beginning of the month, and the peak in the month was 2490 yuan/ton. In the first half of December, prices rose due to the overall decline of the start of the dichloromethane industry, but the demand remained sluggish. In the second half of December, prices fell back.

The supply of methane chloride decreased slightly in December.

Raw material prices fell in shock, and the cost of dichloromethane fell slightly. According to the business community, as of December 26, the spot price of methanol was 2558 yuan/ton, down 4.60% from 2681 yuan/ton at the beginning of the month. Both supply and demand of methanol are weak. On the one hand, with the signing of the Long term Coal Association in 2023, the demand of power plants for market coal will be further weakened, and the profit space of non power industry will be squeezed, mainly relying on rigid demand procurement. Affected by policies, the short-term coal market may weaken steadily. The positive cost of methanol disappears; On the other hand, many downstream dimethyl ether and formaldehyde plants have stopped, the demand is weak, and the domestic methanol market is weak.

In December, the third generation refrigerant R 32 downstream of dichloromethane started at a low level. In addition, the thinner/coating industry started at a low level, with weak demand, and the price of dichloromethane fell.

Future forecast: Analysts from the methane chloride data of the business community believe that the cost of dichloromethane is down, the demand is weak, and the supply pressure is still on. It is expected that the dichloromethane market will continue to be weak in the short term.