Trading on the exchange is sluggish, with holders leading the selling activity.

1. Today’s Summary

2. Nov 9: The U.S. softened its stance on a potential strike against Iran, easing supply risk concerns and causing international crude oil prices to fall. NYMEX WTI crude futures for December settled at $86.85/bbl, down $3.98/bbl (-4.38% WoW); ICE Brent crude futures for January settled at $92.57/bbl, down $5.75/bbl (-5.85% WoW). China INE crude oil futures for the Jan 2027 contract fell by 1.1 yuan to 630.7 yuan/bbl; the night session dropped by 25 yuan to 605.7 yuan/bbl.

3. Nov 10: Domestic liquid chlorine prices remained stable today at 500 yuan/ton.

4. Spot Market Overview

Table 1: Domestic Dichloromethane (DCM) Price Summary (Unit: Yuan/ton)

Based on the Shandong region as a benchmark, DCM prices in Shandong closed today at 3100 yuan/ton (range: 3000–3200 yuan/ton), representing a decline from the previous business day. The overall market center of gravity for domestic DCM shifted downward today. Producers faced pressure on shipments and adjusted their offers flexibly based on their own sales performance and inventory levels. With downstream users and traders exhibiting a "buy high, sell low" mentality, purchasing enthusiasm was limited, leaving holders primarily responsible for driving transactions.

3. Production Dynamics

The capacity utilization rate for methane chlorides stood at 63.01%, unchanged from the previous business 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. Calculated based on externally sourced liquid chlorine, the daily profit margin for methane chlorides was -56 yuan/ton.

4. Price Forecast

Downstream users and traders maintain a bearish outlook on the future market. Trading activity is sluggish, with heavy wait-and-see sentiment prevailing. Lacking effective support from news factors, the domestic dichloromethane market is expected to run steady but weak. Attention should be paid to subsequent changes in market news.

5. Related Product Status

Refrigerant Market: Based on the bulk shipment market in East China, major fluororefrigerant R32 producers maintained firm pricing strategies, controlling output volumes to protect prices. As of press time, mainstream large-scale factories in East China offered reference prices around 65,500 yuan/ton (coordinated domestic and export pricing); mainstream market offers in East China referenced 63,500–64,500 yuan/ton, consistent with morning expectations. Channel intelligence indicates that inquiries for bulk shipments have been passively received over an extended period, with bulk supplies long-term reserved for original equipment manufacturers (OEMs). Shipment frequency for small-packaging units has slowed. Consequently, source factories are strictly controlling incremental spot volumes. Statistics show that the overall industry operating load for fluororefrigerant R32 remains near 40%. Recently, factory production schedules and consumption forces have further contracted. Export volumes have rebounded, and active destocking is underway. Amidst the sideways trading at high price levels for R32, channel holders are seeking opportunities to sell off inventory. There is little intent to purchase high-cost inventory, and buyers are waiting for clear pricing signals from mainstream large factories. Chempricehub predicts that short-term R32 strategy will focus on volume control and price protection through negotiated contracts, while monitoring industry unit dynamics and production scheduling rhythms.

6. Data Calendar

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