1、 Price trend

 

According to the Commodity Market Analysis System of Business Society, the average market price of dichloroethane in China on March 31st was 2760 yuan/ton, and on March 1st, the average market price of dichloroethane in China was 2720 yuan/ton. The price of dichloroethane increased by 1.47% in March.

 

2、 Analysis and Review

 

In March, the market price of dichloroethane experienced a roller coaster rise and fall. At the beginning of the month, the market continued its upward trend in February and reached a peak on March 10th. The average market price of dichloroethane was 2840 yuan/ton, an increase of 4.41% compared to the beginning of the month. The markets in Shandong and Shanghai have rebounded, with companies mainly raising their prices, creating a strong trading atmosphere in the market. In the second half of the month, the price of dichloroethane stopped rising and fell, resulting in a weak trading atmosphere in the market. Since March, the focus of dichloroethane in the Jiangsu region has slightly declined, with poor new orders and main inventory consumption.

 

In terms of raw materials:

 

In March, the Asian ethylene market weakened with an average CFR price of $930 per ton in Northeast Asia, a decrease of $20 per ton from the beginning of the month; The average price of CFR in Southeast Asia is $1010 per ton, and the price is stable. The domestic ethylene quotation in East China is 7500 yuan/ton, an increase of 200 yuan/ton from the beginning of the month.

 

In terms of demand:

 

The operation of vinyl chloride factories in the Asian region is normal, and the supply of goods is stable. At the same time, downstream procurement continues the previous stable trend, and the overall supply and demand in the region is balanced. The transaction atmosphere in the vinyl chloride market is still good.

 

The domestic PVC market lacks domestic demand power. Currently, the quotation for ethylene based PVC in East China is 6150 yuan/ton, an increase of 50 yuan/ton from the beginning of the month, and the market remains in a low and volatile state.

 

In terms of import and export:

 

In January, a large amount of dichloroethane was exported, and the market inventory was low. The price of dichloroethane in February was significantly affected by the increase in inventory and raw materials, and the export volume in February decreased significantly. Domestic consumption of inventory led to a decline in dichloroethane prices in March. According to customs data, the export volume of 1,2-dichloroethane (ISO) from China in February 2024 was 35 tons, with an average export price of 3411 yuan/ton. The total export volume of 1,2-dichloroethane (ISO) from China from January to February was 5564.349 tons, a year-on-year increase of 92%.

 

3、 Future Market Forecast

 

Analysts from Business Society believe that the market inventory is high, and raw materials are operating steadily with both external and internal fluctuations. The overall balance between supply and demand on the demand side is expected, and it is expected that the price of dichloroethane will remain stable, moderate, and weak in the near future.

http://www.gammapolyglutamicacid.com