Supply and demand game, dichloromethane prices are under pressure and declining

Price trend: (8.1-8.7)
First up, then down: At the beginning of the week, there was a brief rally at the end of July, but downstream acceptance was low. Subsequently, supply pressure increased, and companies lowered prices to promote transactions.
Significant decline: According to the monitoring of the commodity market analysis system of Shengyi Society, as of August 7th, the average price of dichloromethane in Shandong Province was 2075 yuan/ton, a decrease of 5.36% during the week and a year-on-year decrease of 22.28%.
analysis of influencing factors
Supply side: The operating rate has rebounded, and inventory pressure has become apparent
Device dynamics: Enterprise production has rebounded, and the overall industry production has risen to around 80%, with loose supply.
Inventory pressure: Downstream procurement is weak, companies are reducing prices to reduce inventory, and some manufacturers are experiencing slightly slower inventory pressure.
Cost side: methanol drops, liquid chlorine rises, insufficient cost support
The inventory of methanol at the port is high, and the market fluctuated weakly during the week. As of August 7th, the benchmark price of methanol at Shengyi Society was 2383.33 yuan/ton, a decrease of 0.42% during the week.
Liquid chlorine: Supply in Shandong has tightened, downstream shipments have increased, and prices have slightly increased, but the impact on dichloromethane is limited.
On the demand side: seasonal suppression, with rigid procurement as the main focus
The purchasing enthusiasm of downstream refrigerant, pharmaceutical and other industries is average, with replenishment mainly based on demand, and no significant increase in volume has been observed. Due to factors such as high temperatures and power restrictions, the operating rate in some areas has slightly decreased, suppressing the release of demand.
Future prospects
Supply is relatively loose, and prices are expected to fluctuate at a low level. If downstream demand recovers or exports increase, the market may rebound slightly. Attention should be paid to device dynamics, inventory changes, export order status, etc.