With enterprise inventories at low levels, sellers continue to push up their offers.

1. Daily Summary

① 9/21: Reports indicated that the U.S. and Iran may resume negotiations, easing market concerns and causing international oil prices to fall. NYMEX WTI crude futures for October closed at $95.78/barrel, down $4.52/barrel (-4.51% WoW); ICE Brent crude futures for November closed at $100.34/barrel, down $3.53/barrel (-3.40% WoW). China INE crude oil futures contract SC2611 fell by 23.6 yuan to 730.8 yuan/barrel, with the night session dropping another 16.5 yuan to 714.3 yuan/barrel.

② 9/22: Domestic liquid chlorine prices rose to 400 yuan/ton today.

2. Spot Market Overview

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

Using the Shandong region as a benchmark, dichloromethane in Shandong closed at 2455 yuan/ton today (range: 2430–2480 yuan/ton), rising from the previous working day. The domestic dichloromethane market continued its upward trend today. Overall operating load levels remained around 70%. Following pre-holiday restocking by downstream users and traders, regional enterprise inventories faced no pressure. Additionally, with raw material prices remaining high, methane chlorination enterprises continued to maintain firm quotes despite losses, pushing the market center of gravity higher.

3. Production Dynamics

The capacity utilization rate for methane chlorination products stood at 69.43%, unchanged from the previous working day. Regarding costs and profits, upstream liquid chlorine prices rose today while methanol prices remained stable, leading to an increase in theoretical costs for methane chlorination products. Based on externally purchased liquid chlorine, the daily profit margin for methane chlorination products was -444 yuan/ton.

4. Price Forecast

With regional enterprise inventories under no pressure, combined with high raw material prices and a "buy when prices rise, avoid when they fall" sentiment among downstream users and traders, current market follow-through momentum remains decent. Enterprises are expected to continue maintaining strong quotes. The domestic dichloromethane market is anticipated to retain some upside potential; however, considering that prices have risen to relatively high levels and the upcoming Mid-Autumn Festival and National Day holidays, demand intensity may slow down. Therefore, overall adjustment space is limited.

5. Related Products Status

Refrigerant Market: Using the East China bulk market as a benchmark, major fluororefrigerant R32 factories maintained high-level stability, controlling volume to support prices. As of press time, mainstream large factory quotes in East China referenced 65,500 yuan/ton (coordinated domestic and export quotes); mainstream market quotes in East China referenced 63,500–64,500 yuan/ton, consistent with morning expectations. Channel inquiries for bulk R32 remain passively low long-term, with fixed supply guaranteed to major original equipment manufacturers (OEMs). Quarterly long-contract negotiations between enterprises and commercial dealers are ongoing, awaiting finalization. Shipment frequency for small packages has slowed, prompting source factories to strictly control spot inventory increases. Statistics show that industry-wide operating loads for fluororefrigerant R32 remain near 40%. Recently, factory production schedules and consumption forces have further contracted, and export volumes have declined. Amidst high-level sideways trading, channel stockholders are seeking opportunities to offload inventory. Buyers show little intention to purchase high-cost sources, waiting instead for clear quote signals from mainstream large factories. Chempricehub forecasts that short-term strategy for fluororefrigerant R32 will focus on volume control and price support through negotiated contract pricing, while monitoring industry unit dynamics and production scheduling rhythms.

6. Data Calendar

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