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SunSirs: Chloroform Market in Shandong Rose Sharply in May
May 29 2020 14:26:13SunSirs(John)

Price trend

According to data from SunSirs, the market price of chloroform in Shandong continued to rise in May. As of May 28, the average price of chloroform in Shandong was around 2,350 RMB/ton, a significant increase of 950 RMB/ton from the beginning of May at 1,400 RMB/ton, and the overall increase was 67.86%.

 

Analysis review   

In May, the price of chloroform in Shandong continued to rise sharply, mainly due to the scarcity of spot market. At present, t chloroform production enterprises in Shandong Province are mostly operating in a negative way. The overall inventory of the industry is low, the spot market supply is tight, manufacturers are reluctant to sell at a high price, traders are in short supply of one product, and the downstream industry is mainly in rigid demand, but the overall situation is slightly weak. At present, the quotation in Shandong is about 2,350 RMB/ton, Jiangxi Liwen is about 2,200 RMB/ton, and Jiangsu is about 2,850 RMB/ton.

Secondly, the upstream liquid chlorine market performed relatively well, supporting the cost of chloroform well. At present, the liquid chlorine manufacturers in Shandong are not operating at a high rate, but the equipment in North China has recently started to increase gradually. The market supply is expected to increase, which has a negative impact on the liquid chlorine market. The current market price is 600-800 RMB/ton.

On the other hand, the continuous downward market price of raw material methanol can not form an effective support for the chloroform market. At present, the methanol market is up and down, with the main trend of decline. The trade is not smooth and the buying gas is weak. The average price in Shandong is about 1,630 RMB/ton. The downstream purchase just needs to be soft, the buying atmosphere in the industry is weak, the market price of refrigerant R22 has almost bottomed out, the enterprise has not started enough, the support for chloroform is not good, the manufacturers are reluctant to sell at a high price, but the terminal demand recovery is slow, the rising power is insufficient, and the current price is around 15,500 RMB/ton; the purchase just needs to be light in the solvent and pharmaceutical pesticide industry, and the price support for chloroform is not good Sufficient, demand side is overall bad

 

Market outlook

Analysts of the SunSirs believe that the current low operating rate of the chloroform market is mainly due to the initiative of the manufacturers to reduce the burden. There has been no major fluctuations in the enterprise ’s equipment, and the enterprise ’s inventory pressure is not large, so the price-taking mentality is better The slow and difficult downstream market demand has clearly boosted the negative situation of chloroform, and the future market needs to pay attention to the production inventory of enterprises.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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