Dichloromethane Price Trend and Forecast

Dichloromethane Regional Price Overview

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 Second Half of 2023

Asia

A sluggish trend in the prices of dichloromethane was observed during the third quarter of 2023 due to the significant improvement in supply chains and faint demand from the downstream industries.
 

Dichloromethane Price Chart

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In addition to this, the oscillations in the cost of feedstock materials also played a major role in restricting the growth trajectory of the market and keeping the dichloromethane price trend on the lower end of the spectra. In the last quarter of 2023, due to the slowing down of the industrial sector on the advent of the holiday season, the consumers of dichloromethane moved to a need-to-basics approach while the production rates remained the same and eventually resulted in the rise in inventory levels.

Europe

In European countries, the dichloromethane price trend maintained its bearish outlook throughout the third and fourth quarters of 2023. The market remained under pressure because of the pessimistic approach of customers and the frail confidence of the consumers in the industrial sector. Along with this, the limited trading activities and loss of export volumes due to the disruption of the Red Sea route increased the stockpiles of the commodity in the domestic market, prompting the traders to adopt destocking activities.

North America

A successive build-up of weak demand and overpowering production caused an upset in the dichloromethane market as the prices flickered on the lower end of the pricing spectra throughout the H2 of 2023. The bleak demand scenario of the market was fueled by weak trading activities and the frail condition of the US economy. The region also noticed a remarkable fall in the cost of production based on the limited support from the crude oil sector, further hampering the growth potential of the dichloromethane price trend.

Analyst Insight

According to Procurement Resource, the price trend of Dichloromethane is estimated to be stagnant in the upcoming quarters as the overall outlook of downstream industries and fumbling global economic conditions might will act as a roadblock in the upward movement of dichloromethane prices.
 

Dichloromethane Price Trend for the First Half of 2023

Asia

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.

Europe

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.

North America

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.

Analyst Insight

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.