Get the latest insights on price movement and trend analysis of Dichloromethane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Dichloromethane Price Trend for the First Half of 2023
The market activities of dichloromethane were negatively affected by low demand and an eventual rise in the level of inventories in the first quarter of 2023. A significant contributor to this decline in demand was the refrigerant and related industries, which themselves struggled with low sales figures. In addition to this, the second quarter also faced the challenge of low interest from international buyers, which caused the export rates to dip and ultimately led to the downfall of the dichloromethane prices.
The economic conditions of the European countries remained under red light in the first two quarters of 2023, escalated the risk of recession, and increased the pressure of inflation, affecting the momentum of the dichloromethane market in the first two quarters of 2023. This further caused the downstream industries to lower their demand and deteriorated the trend of growth of feedstock materials. These problems eventually led to a slump in the momentum of dichloromethane and caused its price trend to move southwards.
The first quarter of 2023 proved to be beneficial for the growth of dichloromethane prices as with the incline in the cost of feedstocks, the traders were able to enjoy high-profit margins, but this incline was short-lived, and the prices failed to follow the same trajectory in the second quarter. In the second quarter, the exchange rates, plunging demand, slow offtake rates, and high discounts on bulk purchases pushed the price trend of dichloromethane toward a declining path.
According to Procurement Resource, the price trend of Dichloromethane is estimated to struggle with low demand and overall weak sentiments in the global markets.
Procurement Resource provides latest prices of Dichloromethane. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Dichloromethane is a non-flammable colourless liquid which is highly volatile with a sweet ether-like odour. Its inhalation can cause respiratory tract irritation, drowsiness, and even death. It is used as a solvent and paint remover.
|Industrial Uses||Solvent used in paint remover, pharmaceuticals, metal cleaning agents|
|Molecular Weight||84.93 g/mol|
|Supplier Database||Dow Chemical(US), Occidental Chemical(US), AkzoNobel(NL)|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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Dichloromethane can be produced by treating methane or chloromethane with chlorine gas at elevated temperatures to give various chlorinated products followed by separating DCM via distillation.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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