Weak demand in early April, weak market for dichloroethane

1、 Price trend


According to the Commodity Market Analysis System of Business Society, the average market price of dichloroethane in China on April 12th was 2726 yuan/ton, and on April 1st, the average market price of dichloroethane in China was 2760 yuan/ton. The price of dichloroethane decreased by 1.21% within the month.


2、 Analysis and Review


In early April, the dichloroethane market continued its downward trend in late March, with a narrow decline. The trading atmosphere in the market was still good, and downstream procurement weakened, with primary demand procurement.


Cost wise: In early April, the Asian ethylene market remained stable with an average CFR price of $930 per ton in Northeast Asia. The domestic ethylene quotation in East China is 7500 yuan/ton, which is unchanged from the beginning of the month.


Demand side: The domestic PVC market lacks domestic demand power, and the downstream real estate industry is still in a weak state with high inventory. At present, the quotation for ethylene based PVC in the East China region is 6000 yuan/ton, a decrease of 150 yuan/ton from the beginning of the month, and the market continues to fluctuate at a low level.


3、 Future Market Forecast


Business Society’s dichloroethane analyst believes that the cost side market is stable, and the demand side is weak, making it difficult to drive the dichloroethane market. It is expected that the price of dichloroethane will continue to be weak in the near future.


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