Enterprises flexibly adjust their offers based on their own shipment and inventory conditions, resulting in a stable market with narrow fluctuations.

1. Daily Summary

   1. Oct 22: International crude oil prices rose due to market concerns over potential escalation of the US-Iran conflict, compounded by supply risks driven by Houthi attacks on Saudi Arabia. NYMEX WTI December futures closed at $99.47/barrel, up $2.32 (+2.39%); ICE Brent December futures closed at $113.17/barrel, up $4.35 (+4.00%). China INE crude oil futures contract SC2612 rose by 1.2 yuan to 702 yuan/barrel during the day session and increased by 11.2 yuan to 713.2 yuan/barrel in the night session.

   2. Oct 23: Domestic liquid chlorine prices remained stable at 200 yuan/ton today.

2. Spot Market Overview

Table 1: Summary of Domestic Dichloromethane Prices (Unit: Yuan/Ton)

Based on the Shandong region as a benchmark, dichloromethane prices in Shandong closed at 2800 yuan/ton (range: 2750-2850 yuan/ton) today, remaining stable compared to the previous working day. The domestic dichloromethane market showed stable trends with minor adjustments. Prices in Shandong and East China remained largely steady, while bulk liquid prices in South China fluctuated upward. Overall supply remains relatively loose; enterprises are flexibly adjusting their offers based on sales performance and inventory levels. Methanol feedstock prices held firm, increasing cost pressures and strengthening wait-and-see sentiment among market participants. Some downstream users and traders made moderate purchases, leading to slight improvement in regional trading activity.

3. Production Dynamics

The capacity utilization rate for methane chlorides stood at 68.96%. Gansu Juhua has commenced operations, and its capacity and output have been included in the statistics. Regarding costs and profits, upstream liquid chlorine prices remained stable today, as did methanol prices, resulting in no change to the theoretical cost of methane chlorides. Based on calculations using externally sourced liquid chlorine, the daily profit margin for methane chlorides is estimated at 256 yuan/ton.

4. Price Forecast

Currently, methane chloride producers are operating at relatively high rates, resulting in a generally loose supply situation. Enterprises will continue to adjust their offers flexibly based on sales and inventory conditions, causing significant shifts in market sentiment. Looking ahead, amid mixed bullish and bearish factors, the domestic dichloromethane market is expected to remain stable with minor fluctuations. Attention should be paid to future developments in news and market drivers.

5. Related Products Status

Refrigerant Market: Taking the East China bulk liquid market as a benchmark, major fluorocarbon refrigerant R32 factories maintained prices at high levels through volume control to support pricing. As of press time, quotes from mainstream large-scale factories in East China referenced 65,500 yuan/ton (coordinated domestic and export offers); mainstream market quotes in East China referenced 63,500-64,500 yuan/ton, consistent with morning expectations. Market intelligence indicates that inquiries in the channel market for bulk liquids have remained passively low for an extended period, with fixed supply guarantees prioritized for original equipment manufacturers (OEMs). Recent quarterly long-term agreement negotiations between enterprises and commercial partners are ongoing, awaiting finalization of actual orders. Small-package shipment frequency has slowed down, prompting source factories to strictly control spot inventory increments. Statistics show that the overall industry operating load for fluorocarbon refrigerant R32 remains near 40%. Recently, factory production schedules and consumption forces have further contracted, and foreign trade export volumes have declined. Amid high-level sideways movement of R32 prices, channel holders are seeking opportunities to sell off inventory, showing little interest in purchasing high-cost inventory sources. Participants are waiting for clear signaling from mainstream large factories regarding official price releases. Chempricehub forecasts that short-term R32 prices will primarily be supported by volume-control strategies, with commercial agreements determining pricing. Monitor industry unit dynamics and production scheduling rhythms closely.

6. Data Calendar

Table 2: Domestic Methane Chloride Data Overview (Unit: 10,000 Tons)