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SunSirs: Chloroform Market in Shandong Fell Sharply This Week (March 16-20)
March 23 2020 11:31:34SunSirs(John)

Price trend

According to SunSirs monitoring data, the chloroform market in Shandong fell sharply this week. At the beginning of the week, the price of chloroform was around 1,900 RMB/ton, and it fell to around 1,600 RMB/ton on the weekend, a drop of 15.79% during the week.

 

Analysis review   

Product: As companies gradually resume production, the supply of chloroform in Shandong has improved, but demand in the downstream market has been slowly recovering, coupled with the continued weakness of upstream methanol, insufficient support for chloroform, and the price continued to decline. The current offer in Shandong is about 1,600 RMB/ton, the price in Jiangxi Lee & Man is about 2,300 RMB/ton, and the price in Jiangsu area is about 2,600 RMB/ton.

Industry: On the upstream side, the domestic methanol market has a weak demand and a contradiction between supply and demand, coupled with the decline in new prices in the Northwest. The mainland has continued the downward trend, currently around 1,780 RMB/ton. The overall production of the liquid chlorine market is relatively stable, and the demand in the downstream market is flat. Currently price is 200 -300 RMB/ton. On the downstream side, the domestic refrigerant market demand side has not significantly improved for the time being, and the demand is mainly just needed at present, currently around 17,500-19,000 RMB/ton. The pharmaceutical and agricultural market and the solvent industry are recovering, the demand is just flat, and that is insufficient support fot the price of chloroform.

 

Market outlook

SunSirs analysts of chloroform data believe that the current supply of chloroform in Shandong area is gradually recovering, but the downstream market demand has not seen a significant improvement, coupled with insufficient raw material support, it is expected to run weak in a short time.

 

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