Weak demand-side support has led to market instability.

1. Daily Summary

2. Nov 6: Market attention is focused on the risk of renewed conflict between the U.S. and Iran, although mediators are still pushing for peace talks. International crude oil prices rose slightly. NYMEX WTI crude oil futures (December contract) closed at $90.83/bbl, up $0.31/bbl (+0.34% WoW); ICE Brent crude oil futures (January contract) closed at $98.32/bbl, up $0.03/bbl (+0.03% WoW). China INE crude oil futures (SC2701 contract) rose by 1.2 yuan to 631.8 yuan/barrel in the day session and increased by 2.1 yuan to 633.9 yuan/barrel in the night session.

3. Nov 9: Domestic liquid chlorine prices were adjusted upward to 500 yuan/ton today.

4. 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 3,150 yuan/ton today (range: 3,100–3,200 yuan/ton), declining from the previous trading day. Today, domestic dichloromethane markets experienced mixed trends, with enterprises flexibly adjusting their offers based on shipment volumes and inventory levels. Current dichloromethane prices remain at high levels; however, downstream users and traders show insufficient willingness to place orders due to a lack of effective demand support. The market is primarily driven by efforts to clear inventory.

3. Production Dynamics

The capacity utilization rate of chloromethanes stood at 63.01%, down from the previous trading day. Regarding cost and profit margins, upstream raw material liquid chlorine prices rose today while methanol prices remained stable, leading to an increase in the theoretical production cost of chloromethanes. Calculated based on externally procured liquid chlorine, the daily profit margin for chloromethanes was -6 yuan/ton.

4. Price Forecast

Current dichloromethane prices are relatively high, but downstream users and traders lack motivation to follow suit, resulting in poor trading activity and heavy wait-and-see sentiment in the market. Without effective support from news factors, the domestic dichloromethane market is expected to remain steady but weak. Attention should be paid to subsequent changes in market news.

5. Related Product Status

Refrigerant Market: Based on the bulk water market in East China, major fluorocarbon refrigerant R32 manufacturers maintained firm offers and controlled output to stabilize prices. As of press time, mainstream large-scale manufacturers in East China offered R32 at approximately 65,500 yuan/ton (coordinated domestic and export pricing); mainstream market quotes in East China ranged from 63,500 to 64,500 yuan/ton, consistent with morning expectations. Market intelligence indicates that inquiries for bulk water in channel markets have been passively low for a long period. Bulk water supplies are fixedly allocated to original equipment manufacturers (OEMs), while small-packaging shipments have slowed down. Consequently, source factories are strictly controlling spot volume increases. 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, while foreign trade exports rebounded, actively reducing inventories. With R32 prices holding steady at high levels, channel stockholders are seeking opportunities to offload inventory. Buyers are reluctant to purchase high-cost inventory and are waiting for clear pricing signals from mainstream manufacturers. Chempricehub predicts that short-term strategies for fluorocarbon refrigerant R32 will focus on controlling output to maintain prices, with negotiations settling via contract pricing. Industry unit dynamics and production scheduling rhythms should be monitored.

6. Data Calendar

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