Price trend

The market for chloroform experienced a significant decline in November. According to the Commodity Market Analysis System of SunSirs, as of November 30th, the price of bulk chloroform in Shandong Province was 2,066 RMB/ton, a decrease of 28.43% from 2,887 RMB/ton at the beginning of the month.

Analysis review

Due to the tight supply side in the early stage, prices remained strong. In the later stage, on the one hand, the support for raw materials weakened, and on the other hand, the pressure on the supply and demand side further increased. As a result, the factory price of enterprises was lowered, and the price of chloroform fell from a high level.

In the first half of November, the start-up of methane chloride plants was affected by the maintenance of some enterprise facilities, resulting in an overall decline. The lowest start-up value in the first half of the month was around 62%; In the second half of the month, with the resumption of production of early maintenance equipment, the operating rate gradually increased to around 76%.

In November, the price of raw material methanol fluctuated and rose, while the price of liquid chlorine remained strong at the previous high level and significantly decreased at the end of the month. The cost support for chloroform weakened from strong to weak. According to the commodity market analysis system of SunSirs, as of November 30th, the spot price of methanol was 2,510 RMB/ton, an increase of 3.50% from 2,425 RMB/ton at the beginning of the month. The high point during the cycle was 2,520 RMB/ton, and the low point was 2,365 RMB/ton; At the end of November, the price of liquid chlorine t in Shandong region was 300 RMB/ton, which was lower than the price of 600 RMB/ton at the beginning of the month.

In the off-season, there was only a small amount of rigid demand support for refrigerants at the terminal. In November, the price of refrigerant R22 was slightly lower and the operating level was low, resulting in weak support for the demand for chloroform. In 2023, the total production quota for R22 was reduced by 19% to 181,800 tons, and overall support for the demand for chloroform will weaken in the medium to long term.

Market outlook

The methane chloride data analyst from SunSirs believes that the demand for chloroform is weak in the short term, but there is still some support for raw material prices. It is expected that the chloroform market will be weak and consolidate in the short term. In the medium to long term, under the condition of no strong cost support, the market for chloroform will basically show a trend of range fluctuation and consolidation due to demand constraints.

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