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SunSirs: The Chloroform Market in Shandong Is Weak and Stable
October 16 2020 07:56:35SunSirs(John)

Price trend

According to the monitoring of the bulk data of SunSirs, the recent weakness of the chloroform market in Shandong has remained stable. As of October 14, the average price of chloroform in Shandong was around 1,850 RMB/ton, a drop of 2.63% from the beginning of the month and an increase of 2.78% from the same period last month.

Analysis review

Affected by the weak demand in the downstream refrigerant market, the chloroform market is weakly declining, and companies are forced to lower their quotations. However, the price of raw material liquid chlorine is high, and the cost pressure of production enterprises is relatively high, so the room for price adjustment of chloroform is limited. At present, the price of Shandong area is about 1,850 RMB/ton, Jiangxi Liwen is about 2,300 RMB/ton, and the Jiangsu area is about 2,650 RMB/ton.

In the upstream market, the methanol market has risen to varying degrees due to the positive impact of futures and the rebound in downstream demand. Among them, Shandong and Shanxi have seen significant gains. The positive factors still exist in a short period of time, currently around 1,825 RMB/ton; The liquid chlorine market is operating at a high level, and companies have successively introduced maintenance plans and low inventories have led to the continuous rise of liquid chlorine prices. The current mainstream quotations in the industry are around 1,000-1,200 RMB/ton.

In the downstream market, the refrigerant market’s post-holiday transactions are weak, the downstream market demand is weak, and the market continues to operate at a low level. The industry has a bearish attitude; the pharmaceutical and agricultural solvent industry has started flat and lacks support for chloroform.

Market outlook

The methane chloride data analyst of SunSirs believes that the current domestic chloroform companies are under high production pressure and the company's upside down situation is serious. Although the downstream market demand continues to be sluggish, the downward adjustment space is limited. It is expected that the chloroform market will remain stable in a short period of time.

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