Low enterprise inventory pressure; prices continue to rise.

1. Daily Summary

①, Oct 9: The US and Iran stated that negotiations and dialogues are ongoing, easing market concerns. However, the suppression of US crude oil production by hurricanes continued, leading to a rise in international crude oil prices. NYMEX WTI crude futures (November contract) closed at $91.85/bbl, up $0.36/bbl (+0.39% WoW); ICE Brent crude futures (December contract) closed at $104.72/bbl, up $0.44/bbl (+0.42% WoW). China INE crude oil futures (November 2026 contract) rose by 3.9 to 741.3 CNY/bbl during the day session, but fell by 1.5 to 739.8 CNY/bbl in the night session.

②, Oct 12: Domestic liquid chlorine prices remained stable at 350 CNY/ton today.

2. Spot Market Overview

Table 1: Summary of Domestic Dichloromethane Prices (Unit: CNY/ton)

Using the Shandong region as a benchmark, dichloromethane prices in Shandong closed at 3400 CNY/ton today (range: 3400-3400 CNY/ton), rising from the previous working day. The upward trend in the domestic dichloromethane market continued today. Some enterprises faced no inventory pressure and maintained aggressive price quotes. However, after prices reached high levels, downstream users and traders adopted a cautious approach with small-lot purchases, slowing market trading activity.

3. Production Dynamics

The capacity utilization rate for methane chlorides was 68.92%, an increase from the previous working day. Regarding cost and profit, upstream raw material prices for liquid chlorine and methanol remained stable today, keeping the theoretical cost of methane chlorides unchanged. Based on externally sourced liquid chlorine calculations, the daily profit margin for methane chlorides stood at -82 CNY/ton.

4. Price Forecast

Currently, some dichloromethane producers still face no inventory pressure, maintaining steady price quotes. However, industry operating rates have increased, leading to a growing supply trend. Combined with dichloromethane prices running at high levels, downstream users and traders are cautious about accepting orders, resulting in insufficient momentum for market transactions. Amidst conflicting bullish and bearish factors, the domestic dichloromethane market is expected to remain largely consolidative and watchful. Attention should be paid to subsequent changes in market news.

5. Related Product Status

Refrigerant Market: Using the East China spot market as a benchmark, mainstream fluorocarbon refrigerant R32 factories maintained high prices while controlling volume to support pricing. As of this report, reference quotes from major East China manufacturers were around 65,500 CNY/ton (coordinated domestic and export quotes); mainstream East China market quotes ranged from 63,500 to 64,500 CNY/ton, consistent with morning expectations. Market intelligence indicates that inquiries in the channel spot market have been passively low for a long time, with fixed supply guaranteed for original equipment manufacturers (OEMs). Recently, quarterly long-term agreement negotiations among enterprises and dealers have intensified, awaiting finalization of actual orders. Shipment frequency for small packages has slowed, prompting source factories to strictly control increases in spot inventory. 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 export volumes have declined. With R32 prices holding steady at high levels, channel holders are seeking opportunities to sell inventory; interest in purchasing high-cost sources is weak, as buyers await clear pricing signals from major manufacturers. Chempricehub forecasts that fluorocarbon refrigerant R32 will primarily focus on volume control and price support in the short term, with negotiated contract pricing, while monitoring industry unit dynamics and production scheduling rhythms.

6. Data Calendar

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