1、 Price trend

According to the commodity market analysis system of Business Society, the average market price of trichloroethylene in barrels during the week (5.18-5.24) was 6520 yuan/ton, maintaining stable operation.

2、 Analysis and Review

Trichloroethylene continued to operate steadily in the market, with China’s export volume of trichloroethylene in April reaching 1720.12 tons, a year-on-year decrease of about 15.5%. There is sufficient domestic inventory, and some enterprises have maintenance situations. There is currently no quotation for loose water, and there may be excessive consumption of barrel inventory on site. The impact of detours caused by the Red Sea situation continues to accumulate, with severe container shortages at ports and rising shipping costs, which may affect export volume and increase domestic market inventory. At present, the trading atmosphere in the market is stable, with downstream demand based procurement being the main focus, and trichloroethylene still operating weakly.

The price situation of mainstream manufacturers of trichloroethylene loose water this week: The factory price of loose water in Shandong region is 4800-5000 yuan/ton, and the price remains stable; The factory quotation for loose water in the southwest region is around 4800 yuan/ton, and the price remains stable; The factory quotation for loose water in Inner Mongolia is 4900-5000 yuan/ton, and the price remains stable.

Cost side: The price of calcium carbide has decreased, and the price of calcium carbide in the Wuhai area has dropped by 50 yuan/ton compared to last week, reaching 2750 yuan/ton. The Asian ethylene market quotation has been partially lowered, with an average CFR price of $855 per ton in Northeast Asia, which remains stable compared to last week; The average CFR price in Southeast Asia is $955 per ton, a decrease of $25 per ton from last week. The domestic ethylene quotation in East China is 7300 yuan/ton, a decrease of 50 yuan/ton from last week, and the market situation is fluctuating and weakening. The liquid chlorine market is fluctuating and declining, with a price of 275 yuan/ton in Shandong region, a decrease of 25 yuan/ton from last week.

Demand side: Refrigerant R134a is operating in consolidation, and the market focus remains at a high level. On May 24th, the benchmark price of R134a in Shengyishe was 30933.33 yuan/ton, which remained stable compared to last week’s price.

3、 Future Market Forecast

According to analysts from Shengyi Society, the cost side is declining, and market inventory may increase due to shipping. Downstream R134a may accumulate inventory, weakening the trading atmosphere. It is expected that the trichloroethylene market will fluctuate and consolidate in the future.