Market Overview
This week (4.1-4.9), the dichloromethane market in Shandong showed a weak supply-demand pattern, with a slight shift in price focus. After the Qingming Festival, the downstream demand for temporary replenishment of inventory weakened, coupled with insufficient support from the cost side, and manufacturers’ inventory pressure led to slight discounts on shipments.
According to the monitoring of the commodity market analysis system of Shengyi Society, as of April 9th, the average price of dichloromethane dispersed water in Shandong Province was 2355 yuan/ton, a decrease of 2.89% from before the holiday.
analysis of influencing factors
1. Supply side: Limited support for local maintenance, inventory pressure still exists
Device dynamics: Some methane chloride units in Shandong are undergoing maintenance and load reduction, and the overall operating rate of the industry has slightly decreased to around 75%, but the supply is still relatively sufficient.
Enterprise inventory: After the holiday, the pace of downstream procurement slowed down, and major manufacturers accumulated inventory. Some enterprises promoted destocking by reducing prices slightly.
2. Cost side: Weakening of raw material methanol and limited hedging against rising liquid chlorine prices
Methanol: Affected by macroeconomic sentiment and weak demand, methanol prices have significantly declined. As of April 9th, the spot price of methanol in Shengyi Society was reported at 2487.50 yuan/ton, with a weekly decline of 3.59%, weakening the cost support of dichloromethane.
Liquid chlorine: The price of liquid chlorine in Shandong has recently increased, but its overall cost impact on dichloromethane is limited.
3. Demand side: Obvious off-season characteristics, weak impact on exports
Refrigerant industry: Dichloromethane, as a raw material for R32, is currently in the off-season of air conditioning production with stable demand. It is expected that the peak season of May June will approach or drive demand to recover.
Other fields: Pharmaceutical and pesticide intermediate enterprises purchase on demand, and solvent demand (coatings, adhesives, etc.) continues to be weak.
Export: The United States has implemented a 34% tariff policy on China, but the proportion of dichloromethane exports from China to the United States is only 0.62% (2024 data), with little short-term impact.
Future prospects
According to the analysis of Business Society, the current dichloromethane market is facing the following mixed factors of long and short positions:
Negative: Insufficient cost support for methanol, difficult to see short-term increase in downstream demand, and enterprise inventory pressure still needs to be digested.
Lido: The industry’s operating rate has been reduced, and with the approaching peak season for refrigerants, the expectation of marginal improvement in demand has increased.
Comprehensive prediction: In the short term, the price of dichloromethane may continue to fluctuate weakly, and in the later stage, it is necessary to focus on the trend of methanol on the cost side, the progress of enterprise inventory depletion, and the signal of peak season stocking. If downstream demand rebounds as scheduled after May, the market is expected to stabilize and rebound.

After the Qingming Festival in April, the market price of epichlorohydrin remained stable. According to the monitoring and analysis system of Shengyi Society, as of April 8th, the benchmark price of Shengyi Society’s epichlorohydrin was 9033.33 yuan/ton, an increase of 1.5% compared to early April.
Price influencing factors:
Raw material side: The market for raw material propylene glycerol is mainly fluctuating and consolidating. According to the market analysis system of Shengyi Society, as of April 7th, the benchmark price of propylene in Shengyi Society was 6823.25 yuan/ton, an increase of 1.15% compared to the beginning of this month (6745.75 yuan/ton).
Supply side: Glycerol based epichlorohydrin enterprises are experiencing losses, reduced production enthusiasm, and tight market supply.
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. But the terminal demand is weak, trading is not smooth, and the main focus is on purchasing for essential needs. Overall, the demand for epichlorohydrin has weakened, with weak upward momentum and mainly stable operation.
Market forecast: Analysts from Shengyi Society believe that downstream market demand is weak, traders’ purchasing mentality is not positive, and market trading is not smooth. It is predicted that the epoxy chloropropane market will experience weak growth in the later stage or continue to operate steadily, and more attention still needs to be paid to changes in market supply and demand.

Market summary: New production capacity has not been released yet, some existing facilities are undergoing maintenance or load reduction, and the market is expected to improve in this stage. Spot market offers continue to rise. As of April 3rd, the mainstream negotiation for container self pickup in East China ports is 9200-9300 yuan/ton, an increase of 200-300 yuan/ton compared to last week. Short distance delivery in Shandong market is around 8950-9150 yuan/ton, an increase of 50 yuan/ton compared to last week.
In terms of supply, factories in the East China region have reduced their load or planned maintenance, while new production capacity has not been released in the short term (trial operation stage), resulting in a partial reduction in supply and continuing to provide conditions for market growth. But the overall supply in the north is still relatively abundant, and the market is following the trend of slow growth. According to statistics, as of April 3rd, the average capacity utilization rate of the domestic acrylonitrile industry was 80.13%, a decrease of 2.56% compared to last week.
Inventory decline: After the previous low price inventory reduction, the industry’s inventory has slightly decreased. According to statistics, as of April 3, the inventory of domestic acrylonitrile factories was about 48000 tons, a decrease of 3000 tons from last week.
General demand: The ABS production capacity utilization rate of the downstream major industry of acrylonitrile is 68.6%, a decrease of 4.2% from last week, and raw materials are purchased on demand. On the other hand, in terms of downstream acrylic fiber, the weekly production rate is around 70%. Although the production rate has reached a high point this year, the issuance of new orders is limited. In addition, due to macroeconomic factors, foreign trade orders are unstable, resulting in relatively average overall demand.
Market forecast: The domestic acrylonitrile market price has slightly adjusted, and the positive support brought by local supply reduction is gradually being digested. At the same time, there is still an expectation of new production capacity being put into operation, and downstream demand remains overall. The market may continue to have insufficient upward momentum, and attention should be paid to the fluctuation of raw material propylene prices in the near future.

According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province rose this week (3.31-4.3), with an average market price of 16925 yuan/ton at the beginning of the week and 16950 yuan/ton at the end of the week, an increase of 0.15%.
Supply and demand side
Affected by the environmental inspection news, enterprises that have taken measures to suspend production or reduce output in the early stage are generally adopting a wait-and-see attitude and unwilling to easily resume work and production. Meanwhile, the number of enterprises choosing to shut down for maintenance has increased. The inventory of various factories is generally at a low level, and they have concerns about the direction of future production. Therefore, in terms of prices, they have shown a highly consistent and firm willingness to raise prices.
This week, the main changes have occurred among manufacturers in Shaanxi. Some manufacturers have already implemented production reduction measures, while others are planning to reduce production.
The export quotation of magnesium ingots closely follows the rise in domestic market prices, but overseas buyers hold a reserved attitude towards high prices, and the number of inquiries has significantly decreased recently. In this context, some exporters choose not to quote temporarily to observe market trends. Due to the continued strength of domestic factory quotations, the profit margins of exporters are constantly being squeezed. In addition, with the recent tightening of buy and sell reviews, both buyers and sellers have adopted a cautious attitude, holding onto the currency and waiting for market changes. Until the last day of this week, there was a pullback in export prices.
Raw material end
Although the prices of raw materials such as ferrosilicon and coal have fluctuated recently, overall, the smelting cost remains within a controllable range, so factories lack the motivation to continue maintaining high prices.
comprehensive analysis
In summary, as manufacturers gradually implement production reduction plans and the supply side shrinks, market expectations before Qingming Festival will remain relatively stable and will not experience significant fluctuations. It is expected that in the short term, the domestic magnesium ingot market will continue to be dominated by the current price range, with slight price fluctuations and overall stable operation.

1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of light soda ash decreased on March 31st, with a market average price of 1470 yuan/ton, a decrease of 0.68% compared to the previous trading day’s price of 1480 yuan/ton, and a decrease of 1.87% compared to the beginning of the month.
2、 Market analysis
On March 31st, the soda ash market weakened and declined. On the demand side, the terminal market is weak, with a focus on entering the market and observing, resulting in insufficient support for soda ash; On the supply side, some enterprises have increased their load, resulting in an increase in the operating rate of soda ash. The market supply of goods has risen, and there is a clear trend of oversupply in the market. Under the game of supply and demand, soda ash enterprises have lowered their quotations.
On the demand side: According to the commodity analysis system of Shengyi Society, glass prices remained stable on March 31st, with the market average price remaining unchanged at 15.21 yuan/square meter. The glass market has not experienced significant changes in production, with stable operation of equipment and downstream procurement following up on demand. The market trading atmosphere is relatively weak, and glass inventory is generally depleted. Market prices are stable and waiting to be seen.
Future forecast: Domestic soda ash facilities will resume operation, capacity utilization rate will increase, downstream glass market will remain stable, demand for soda ash will be limited, and there will be a lack of favorable market conditions. It is expected that the short-term soda ash market will operate weakly and steadily, depending on downstream market demand.