Acetic anhydride prices fell in September due to volatility

According to the data monitoring of the business association, the price of acetic anhydride fell in September. As of September 29, the price of acetic anhydride was 5600 yuan/ton, down 5.62% from 5933.33 yuan/ton on September 1; In September, the price of raw material acetic acid was volatile and stable, the price of methanol rose sharply, the demand for acetic anhydride was cold, the market for acetic anhydride fell, and the market of acetic anhydride industry chain was split.

Acetic acid price fell first and then rose in September

It can be seen from the acetic acid price trend chart of the business community that the acetic acid market in September was divided into three stages. In the first stage, in the first ten days of September, the supply and demand of the acetic acid market were weak, and the acetic acid price was volatile and consolidated; In the second stage, from the middle of September to September 24, Celanese acetic acid equipment resumed operation, and the price of acetic acid fell sharply; In the third stage, from September 25 to the end of September, near the National Day, enterprises’ willingness to stock up before the festival increased, and the price of acetic acid increased. As of September 29, the price of acetic acid was 3225 yuan/ton, down 0.31% from 3235 yuan/ton on September 1 at the beginning of the month; It was 3.61% higher than 3112.50 yuan/ton on September 25. The demand for acetic acid in the future market is limited, and the acetic acid market is not bullish. It is expected that the price of acetic acid will fluctuate and consolidate, and acetic anhydride will not be supported enough.

Methanol price soared in September

It can be seen from the methanol price trend chart of the business community that as of September 29, the methanol price was 3042.50 yuan/ton, up 20.35% from 2528 yuan/ton on September 1 at the beginning of the month. In September, the demand for methanol from downstream enterprises increased. In addition, the coal price was high and firm, and the methanol price rose. At the end of the month, the National Day goods preparation and the problem of the Beixi pipeline in Europe led to the intensification of the energy crisis, and the methanol price rose sharply. The price of methanol rose, the cost of acetic anhydride raw materials rose, and acetic anhydride increased.

Future outlook

According to the acetic anhydride data analysts of the business community, although the prices of acetic anhydride raw materials, acetic acid and methanol, rose to varying degrees in September, the profit margins of acetic anhydride enterprises remained, and the impetus for acetic anhydride to rise was insufficient; In September, the acetic anhydride market remained flat. Yankuang’s acetic anhydride equipment was restarted, the acetic anhydride supply was sufficient, the downstream demand for acetic anhydride remained cold, the downstream purchasing sentiment was poor, and the acetic anhydride market was oversupplied. In the future, the rising cost of acetic anhydride may be difficult to sustain, and downstream demand remains weak. It is expected that acetic anhydride prices will recover slightly or consolidate strongly in the future.

The price of o-xylene rose continuously in September

It can be seen from the trend chart of ortho xylene price of the business community that as of September 28, the price of ortho xylene was 9000 yuan/ton, up 1000 yuan/ton, or 12.50%, from the price of 8000 yuan/ton on August 28. Since August, the supply of o-xylene has been in short supply. Since the end of August, the price of o-xylene has risen for three consecutive times.

The supply of o-xylene is tight

In the international market, the price of ortho benzene in the external market fluctuated and rose in September, and the price of ortho benzene in some external markets rose by more than 10%. The inventory of major domestic o-xylene ports declined. In 2022, the import volume of o-xylene in August was basically zero, and the export volume in August was 781 tons. The inventory of o-xylene ports declined significantly, and the supply of o-xylene at ports was tight.

In the domestic market, the price of mixed xylene is high, the cost of o-xylene is still high, the o-xylene manufacturers are facing a loss state, the enthusiasm of o-xylene manufacturers is insufficient, many factories stop production for maintenance, Zhenhai Refining and Chemical Co., Ltd. has begun to gradually reduce the burden of 160000 t/a o-xylene unit at the end of August, and the maintenance is expected to last for 3 months; Fuhaichuang 240000 t/a o-benzene plant has been shut down since the end of June; The 40000 t/a ortho benzene unit of Luoyang Petrochemical was shut down. The supply of o-xylene is tight.

Downstream demand market rose sharply

It can be seen from the trend chart of phthalic anhydride price of the business community that the price of phthalic anhydride has risen sharply since August. As of September 28, the price of phthalic anhydride was 10300 yuan/ton, up 29.56% from 7950 yuan/ton on August 1; The price of phthalic anhydride increased by 23.35% compared with 8350 yuan/ton on August 28. In September, the supply of goods in the phthalic anhydride plant was tight. Some domestic devices were overhauled. The 120000 ton phthalic anhydride plant in Tongling, Anhui Province was shut down for overhaul for about a month, and the 100000 ton phthalic anhydride plant in Xinyang Group was shut down. It is expected that after the National Day, the plant will be started and restarted. The domestic spot supply of phthalic anhydride is tight, and the price of phthalic anhydride in the plant will rise sharply. The demand is good, and the rising power of o-xylene is increased.

Price of raw material mixed xylene fell

It can be seen from the mixed xylene price trend chart of the business community that the mixed xylene price rose first and then fell in recent months. As of September 28, the price of mixed xylene was 8080 yuan/ton, up 1.25% from 7980 yuan/ton on August 28. In September, crude oil fell in shock, and the cost support fell. The price of mixed xylene rose first and then fell. The enthusiasm for preparing goods before the festival was not high, and the bad news was suppressed. It is expected that mixed xylene will fall in shock in the future. The cost of o-xylene decreased, and the pressure on o-xylene to decline increased.

Future outlook

According to the analysts of ortho xylene data from the business community, the supply of ortho xylene at the low starting point of ortho xylene enterprises decreased in September, and the export channel of ortho xylene was opened, and the increase of ortho xylene exports exacerbated the shortage of ortho xylene supply; The trend of phthalic anhydride in the lower reaches rose sharply, and the favorable demand in the lower reaches stimulated the rise of ortho benzene market; There were many positive factors. In addition, enterprises prepared goods before the National Day, and the price of o-xylene rose three times in September. In the future, phthalic anhydride’s rising trend has stabilized, the price of mixed xylene has fallen, the cost has fallen, and the demand has stabilized. Although the import and export have been supported, the ortho benzene market in the future is hardly strong in September, and the rising momentum of ortho benzene has weakened. It is expected that the ortho xylene price will rise slightly in the future.

According to the data of the business society, the market of chloroform rose sharply this week (9.20-9.27). As of September 27, the price of chloroform bulk water in Shandong was 4100 yuan/ton, up 18.84% from 3450 yuan/ton last Tuesday.

This week (9.20-9.27), the spot price of methanol rose in shock, and the cost support of chloroform strengthened. According to the business community, as of September 27, the spot price of methanol was 2805 yuan/ton, up 3.51% from 2710 last Tuesday. The domestic methanol market rose in shock. As an energy product, coal is in continuous shortage, and methanol has strong cost support.

On the one hand, the construction of downstream refrigerant, pharmaceutical and other industries is generally stable; On the other hand, Jinjiuyinshi printing and dyeing, ink and paint and other industries started to improve, which has certain support for chloroform.

Analysts from the methane chloride data of the business community believe that, although the supply side increased slightly at the end of the month, the cost side and demand side still had some support, which continued to support chloroform. The chloroform market also accumulated a certain degree of risk after this round of sharp rise. It is expected that the rising trend of chloroform in the short term will be dominated by the suspension of price firmness, but it may be adjusted after the festival.

DOTP prices rose first and then fell this week

According to the data monitoring of the business community, as of September 26, the DOTP price was 10075 yuan/ton, down 1.83% from the DOTP price of 10262.50 yuan/ton on September 18 last weekend; It was down 2.89% from the DOTP price of 10375 yuan/ton on September 20. The positive support weakened, and the DOTP price rose first and then fell this week.

Domestic DOTP import and export volume

According to the data released by the customs, the export volume of DOTP in 2022 will be almost zero, while the import volume will increase significantly. In August, China’s DOTP import volume was 4082 tons, up 58.4% year on year. From January to August, the cumulative import volume rose 60.4% year on year; Imports increased significantly, and DOTP supply increased. The large increase of DOTP imports has aggravated the oversupply of the domestic DOTP market. However, the proportion of imported goods in the domestic DOTP market is small, but the impact on the domestic market is limited. The overall increase in imports has a negative impact on the domestic DOTP market.

The price of raw materials fluctuated and fell

According to the price monitoring of the business community, the price of isooctanol dropped sharply this week. As of September 26, the price of isooctanol was 8866.67 yuan/ton, down 6.01% from 9433.33 yuan/ton on September 18 last weekend. The price of isooctanol fell this week, the cost of DOTP fell, and the benefits of DOTP weakened.

According to the price monitoring of the business community, the PTA price fell in shock this week, and the PTA market fell. As of September 26, the PTA price was 6387.50 yuan/ton, down 4.87% from the PTA price of 6714.55 yuan/ton on September 18 last weekend. Crude oil price fell this week, PTA cost fell, PTA price fell in shock, DOTP cost fell, and DOTP positive support weakened.

Future market expectation

According to the DOTP data analysts of the business agency, the price of DOTP raw materials fell sharply this week, the cost of DOTP fell, and DOTP failed to continue the rising trend of last week. In addition, the increase in import supply has intensified the oversupply of domestic DOTP, and the negative impact on the DOTP market has increased. In the future, the demand for cost reduction is insufficient, and the DOTP price is expected to fall slightly.

1、 Price trend

According to the data monitoring of the business community, the average price of domestic LNG was 6732 yuan/ton on September 19, and 6488 yuan/ton on September 23. Domestic LNG prices fell 3.62% this week.

2、 Analysis of influencing factors

This week, domestic LNG prices fell back from a high level. On Monday, the price of liquefied natural gas rose, the Central Asia pipeline was still under repair, and the on-site supply decreased. The raw gas auction of Shaanxi Inner Mongolia Ganning Liquor Plant directly supplied by PetroChina was conducted at 14:00 on September 19, with a total auction volume of 30 million m3, and all of them were sold. The transaction price was 4.00-4.02 yuan/m3, and the average price was 0.235 yuan higher than the previous period. The rising trend of LNG continued on Tuesday due to the rising price of feed gas. Due to the continuous rising liquid price at a high level, the downstream pressure is greater, and the demand turns weak. The market was stable on Wednesday. On Thursday, the liquid plants cut prices one after another for the purpose of dumping, and the price of LNG began to fall. As the National Day holiday approaches, the current market is overstocked with heavy vehicles, and the liquid price on Friday drops sharply again. As of September 23, Inner Mongolia offered 6370-6800 yuan/ton, Shaanxi 6530-6950 yuan/ton, Shanxi 6700-7150 yuan/ton, Ningxia 6440-6600 yuan/ton, Hebei 7000-7200 yuan/ton, Henan 7100-7300 yuan/ton, Sichuan 6850-7000 yuan/ton, and Shandong 7450-7550 yuan/ton.

According to the data monitored by the business community, the average price of domestic LNG on September 23 was 6732 yuan/ton, 840 yuan/ton higher than 5892 yuan/ton at the beginning of the month, 13.48% higher, and 4.36% higher than the same period last year.

3、 Future market forecast

LNG analysts from the business community believe that due to the rise in feed gas prices, pipeline maintenance and pre holiday inventory discharge, LNG rose first and then fell this week. At present, the LNG market is weak and the liquid level pressure is high. As the National Day holiday approaches, the expressway will be restricted, and the liquid plants are willing to reduce prices and discharge stocks. It is expected that the price of LNG will continue to fall in the short term.

1、 Price trend

According to the monitoring data of the business community, the average price of domestic refrigerant R22 on September 22 was 18333.33 yuan/ton, 4.76% higher than the price of 17500.00 yuan/ton at the beginning of the month, and 25.68% lower than the same period last year.

According to the monitoring data of the business community, the average price of domestic refrigerant R134a on September 22 was 25666.67 yuan/ton, 5.48% higher than the price of 24333.33 yuan/ton at the beginning of the month, and 20.21% lower than the same period last year.

2、 Market analysis

 
The quotation of refrigerant R22 enterprises continued to rise this week. The quotation of Shandong enterprises was raised to 18000-18500 yuan/ton, while that of Zhejiang enterprises was near 18000 yuan/ton.

As of September 22, the price of upstream raw material trichloromethane continued to rise in the month, with an overall increase of 26.55%. Hydrofluoric acid was weak and stable, with a slight decline of 0.66% in the month. In a word, the price of upstream raw material continued to rise. In addition to the impact of power and production restrictions in the early period, enterprise downtime and maintenance, the overall inventory of R22 was low, and the cost rose. The domestic R22 market price continued to run relatively strong under the support of rigid demand.

Since September, the price of hydrofluoric acid, the upstream raw material of refrigerant R134a, has been weak and stable on the whole, with a slight drop of 0.66% in the month. The price of trichloroethylene has continued to rise, with a rise of 16.36% in the month. The cost of raw materials has risen on the whole. The enterprise’s inventory is relatively low, and the downstream just needs remain unchanged. With the support of cost and demand, the price of refrigerant R134a has been stable and strong in the month.

3、 Future market forecast

According to the refrigerant analysts of the business community, the price of upstream raw materials continues to rise, the demand for downstream refrigerants is just not decreasing, and it is expected that domestic R22 and R134a prices will continue to run strongly in the short term, supported by costs and demand.

According to the monitoring of the business community, the natural rubber commodity index on September 20 was 35.98, up 0.29 points from yesterday, down 64.02% from the highest point of 100.00 (2011-09-01) in the cycle, and up 31.89% from the lowest point of 27.28 on April 2, 2020. (Note: Period refers to 2011-09-01 to now)

Figure 2: Trend of mainstream price of natural rubber in September 2022

According to the monitoring of the business community, the market of domestic natural rubber (Standard 1) in the East China market in mid September was volatile and upward: on the 11th, the main report in the East China market was about 11706 yuan/ton, and on the 20th, the main report was 12132 yuan/ton. The highest price in the first half of September was 12132 yuan/ton on the 20th, and the lowest price was 11702 yuan/ton on the 7th, with the maximum amplitude of 3.67%. According to the data of the business community, the main spot market of natural rubber in East China (Hainan Island) has dropped sharply from 13748 yuan/ton in the beginning of 2022 to the first ten days of this month. The price of 11702 yuan/ton on September 7 has fallen more than that of 11910 yuan/ton on July 22 and is at the lowest level of the year; After the Mid Autumn Festival holiday, natural rubber futures rebounded relatively strongly, and spot rubber prices rose 3.67% to about 12132 yuan/ton. In general, the current traditional “golden nine and silver ten” peak consumption season, the production and marketing data has a certain supporting effect on the industry, but it is still in the early stage, the general trend of strong supply and weak demand has not been reversed, and the natural rubber market is likely to be strong and volatile in the short term.

Figure 3: Trend of International Crude Oil Mainstream Prices in the Last Three Months of 2022

Macro: In the middle of September, international crude oil rose first and then fell. On the 20th, international crude oil futures closed lower, with the settlement price of the main contract of US WTI crude oil futures at US $83.94/barrel, down 1.42 US dollars or 1.66%; The settlement price of the main contract of Brent crude oil futures was 90.62 dollars/barrel, down 1.38 dollars or 1.50%. The expectation of the Federal Reserve’s interest rate increase has kept the US dollar strong and depressed the valuation of crude oil and other commodities; In addition, raising interest rates to curb inflation also triggered fears of economic recession, which depressed fuel demand.

Figure 4: Weekly K Histogram of Natural Rubber Market in 2022

Industry analysis: the data of the business community shows that the macro and policy aspects of the economy continue to stabilize, and futures rebound; Crude oil has continued to fall by 11.41% since the beginning of this month. The stronger US dollar will continue to bring downward pressure on oil prices in the coming week. On the supply side, the seasonal supply peak season of “Jinjiu”, heavy rain in some parts of Southeast Asia, the domestic production of glue is relatively normal, and the price of glue in the glue production area has rebounded recently. On the demand side, after the Mid Autumn Festival holiday, the tire enterprises resumed production, and the demand for raw materials increased. Although the supply pressure of downstream tire enterprises is still large, and the cis polybutadiene rubber is at a relatively high level, the styrene butadiene rubber continues to fluctuate and decline. At present, the price is similar to that of natural rubber, which will promote the purchase demand of natural rubber to a certain extent. It is expected that the materials for the tire factory to open before the National Day will be stable; In terms of sales data, the production and sales of passenger cars were strong, and commercial vehicles increased slightly. The improvement of downstream data promoted the improvement of enterprise commencement data: data showed that as of September 16, the operating load of all steel tires of tire enterprises in Shandong was 50.07%, down 3.59 percentage points from last week and 8.43 percentage points from the same period last year. The starting load of semi steel tires of domestic tire enterprises was 56.27%, 5.96 percentage points lower than that of last week, and 3.13 percentage points higher than that of the same period last year. On the inventory side, the natural rubber sample inventory in the Qingdao Free Trade Zone increased rapidly, and the general trade warehouse of natural rubber in Qingdao increased slightly. In terms of import and export, data shows that in August 2022, China’s imports of natural and synthetic rubber (including latex) will be 590000 tons, up 0.1% year on year; From January to August, China’s natural and synthetic rubber (including latex) imports totaled 4.567 million tons, up 5.1% year on year.

Hot spots in the near future: 1. According to the report of Thai media on September 15, the Thai meteorological department predicted that because the monsoon trough crosses the upper part of the north, the upper part of the northeast, and the southwest monsoon prevails in the Andaman Sea, the south, and the Gulf of Thailand, heavy rain will occur in parts of the north, northeast, central, Bangkok and its surrounding areas, eastern and southern areas, which may lead to flash floods, especially in hillside areas and marsh areas near waterways. During the period from the 17th to the 20th, the monsoon trough crosses the north and northeast, and the southwest monsoon prevails in the Andaman Sea and the Gulf of Thailand, which will lead to continuous rain in Thailand. There will be heavy rain in a large number of areas in the north, northeast, central, Bangkok and its surrounding areas, and in the east and south. 25 provinces are at risk of flooding, including 9 provinces in the north, 10 provinces in the northeast, 2 provinces in the middle, and 2 provinces in the west 2 prefectures in the eastern region.

2. According to the LMC Automotive report, the global light vehicle sales in August increased by 18% year on year to 6.9 million vehicles; After seasonal adjustment, the annual sales volume increased to 94 million vehicles, maintaining an increase for the fourth consecutive month and hitting a new high this year. Although the month on month performance has improved, the cumulative sales volume since the beginning of the year is still 3.8% lower than the same period last year. The Chinese market continued to lead the recovery trend, and the annual sales volume after seasonal adjustment soared to a record level with the support of temporary reduction and exemption of purchase tax. In North America and Europe, seasonally adjusted annualized sales again highlighted the continuing impact of supply disruptions.

3. According to the latest data released by the European Automobile Manufacturers Association (ACEA), the sales volume of passenger cars in the EU finally recovered to 650305 units in August, ending a 13 month decline. However, this result is still far below the level before the COVID-19-19 pandemic. All major EU markets have made positive contributions to the growth of the region. Italy (+9.9%), Spain (+9.1%), France (+3.8%) and Germany (+3%) have achieved steady growth.

4. According to the latest data released by the National Bureau of Statistics, in August 2022, China’s output of rubber tire casings was 72.265 million, down 2.2% year on year. From January to August, the output of rubber tire casing decreased by 5.6% to 56422.1 million pieces compared with the same period last year.

5. According to the latest data released by the National Bureau of Statistics, China’s synthetic rubber output in August 2022 was 682000 tons, an increase of 5.6% year on year. The cumulative output of synthetic rubber from January to August was 5.197 million tons, down 3.5% year on year.

Figure 5: Comparison of annual prices of natural rubber from 2020 to 2022

Future market forecast: under the circumstances of the repair rebound of futures, the resumption of partial operation of tire factories and the expectation of the peak sales season of passenger cars, the power of short term small upward movement of natural rubber still exists, but under the premise that the large demand does not improve, the possibility of large upward movement of natural rubber is unlikely, the probability rate will still maintain the trend of range shock, and the possibility of short-term strong power is large.

This week, the lead market (9.9-9.16) rose in a volatile way. The average price of the domestic market was 14940 yuan/ton last weekend and 14950 yuan/ton this weekend, up 0.07%.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall.

According to the price monitoring of the business community, there are 13 kinds of commodities in the nonferrous metal sector that rose month on month in the 37th week of 2022 (9.12-9.16) list of commodity price rises and falls. The top three commodities that rose were praseodymium metal (4.52%), praseodymium oxide (3.97%) and silver (2.48%). There were seven kinds of commodities with a month on month decline, and the top three products with a decline were magnesium (-1.98%), copper (-1.49%) and tin (-1.48%). The average rise or fall this week was 0.59%.

Lead futures market this week

Variety., closing price., compared with the same period last week., inventory

Shanghai Lead, 14925 yuan/ton, – 5 yuan/ton, 79745 tons

London lead, 1885 dollars/ton, – 48.5 dollars/ton, 34400 tons

In terms of futures market, Lun Pb fell “V” this week. The overall shock range was 1905-1975 US dollars/ton, with a weekly drop of about 1.4%. Macroscopic factors fluctuated frequently this week. The low inventory of Lun Pb supported the high price of lead at the beginning of the week, and it fell about 2.6% on a single day until Thursday. In terms of lead in Shanghai, this week’s rise and fall has been reversed. On Monday, the macro impact has been basically digested. The pressure on lead in Shanghai has eased, and the price has risen mainly. Macro data released on Tuesday showed that the market expected to raise interest rates, and Shanghai Lead fell under pressure. In the near future, the macro performance has been mixed with positive and negative, and the market is mainly volatile.

In terms of the spot market, Shanghai plumbum rose this week and then fell back, closing 0.1% lower. The trend of the spot market coincided with that of Shanghai plumbum, rising 10 yuan/ton this week. Fundamentally speaking, the operating rate of smelters this week is the main factor, and the primary lead output has rebounded to a certain extent. At present, the lead processing fee is gradually rising, the lead ore supply is also relaxed, and the tight supply situation at the mine end has been effectively alleviated. The demand of downstream battery enterprises began to show in the peak season. There was a certain expectation of growth in automobile sales, and the downstream demand for power replacement began to improve. The operating rate of battery enterprises picked up steadily, and the orders of battery enterprises improved. On the whole, the supply and demand of lead fundamentals have increased, and the market peak season is expected to strengthen. It is expected that the lead price in the future will continue to fluctuate widely. With the increase of peak season expectations, the price will have some room to rise. The future market will focus on the recovery of downstream demand and the expectation of lead peak season.

According to the data monitored by the business community, as of September 19, the average price quoted by domestic premium DMF enterprises was 9500.00 yuan/ton, down 7.54% compared with the same period last week. The overall DMF market price is mainly narrow and weak. It is expected that the DMF market will be stable in the short term, with a narrow decline.

As of September 19, the domestic DMF price has been running smoothly. At present, the mainstream price range is 9500 yuan/ton. The atmosphere of transaction is fair, and the atmosphere of negotiation is general. The manufacturer gives up the profit and takes away the order. The shipment is smooth. Downstream just needs to purchase.

Upstream methanol: As of September 16, the domestic methanol port in East China was 2770 yuan/ton, up 1.79% from the previous trading day, up 12.69% month on month, and down 9.40% year on year. On September 16, the main methanol futures contract MA2301 of Zhengzhou Commodity Exchange closed at 2749 yuan/ton, up 0.66%.

Chemical commodity index: On September 18, the chemical index was 970 points, unchanged from yesterday, 30.71% lower than the cycle’s highest point of 1400 points (2021-10-23), and 62.21% higher than the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

The DMF analyst of Business Agency believes that the DMF market will mainly operate stably in the short term, with the price range of 9500 yuan/ton. (if you want to know more about the latest market dynamics of the industrial chain, you are welcome to pay attention to the official account of business club, get commodity information and master commodity prices.).

According to the data monitoring of the business community, the market of dichloromethane rose this week (9.9-9.16). As of September 16, the average price of dichloromethane bulk water in Shandong was 3370 yuan/ton, up 6.65% from last Friday’s 3160 yuan/ton. On the one hand, the price of raw material methanol has risen significantly since September, supporting the cost; On the other hand, Jinling, Jinyi and other methane chloride plants operate at reduced load and issue orders in limited quantities. The supply of goods in the region is tight; This week, manufacturers and traders’ offers continued to rise slightly.

This week (9.9-9.16), the commencement of domestic methane chloride was basically stable. Since September, Jinling and Jinyi have operated under reduced load of 740000 t/a methane chloride plants. It will certainly support the dichloromethane market.

This week (9.9-9.16), the spot price of methanol rose, and the cost of dichloromethane strengthened. According to the business community, as of September 16, the spot price of methanol was 2770 yuan/ton, up 2.12% from 2712 on Friday. The domestic methanol market rose in shock. As an energy product, coal is in continuous shortage, and methanol has strong cost support.

With the arrival of the tenth quarter of the traditional “golden nine silver” season, the downstream thinner, cleaning and pharmaceutical industries have a small stock, and the support for dichloromethane has increased slightly.

Future market forecast: The analysts of methane chloride data from the business community believe that the domestic supply side of methane chloride has declined slightly in the short term, and the cost side has risen significantly. In addition, the downstream demand of Jinjiu has increased slightly. It is expected that dichloromethane will continue to rebound slightly in the later period, but the extent of the rebound is limited by the extent of the increase in demand side.