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SunSirs: The Price of Raw Materials Is High, and the Chloroform Market Is Operating Strongly and Firmly
November 20 2020 11:44:28SunSirs(John)

Price trend

According to the monitoring of the bulk data of SunSirs, the chloroform market in Shandong is operating strongly and firmly due to high production costs. As of November 19, the average price of chloroform in Shandong was around 2,450 RMB/ton, an increase of 22.5% from the beginning of the month, and an increase of 32.43% from the same period last month.

Analysis review

Affected by the high price of raw material liquid chlorine, the cost of chloroform production enterprises is high, and in addition, the demand is flat, the start of the enterprise is declining, the market supply is reduced, and a small part of the downstream replenishment is on demand, and the market is full of waiting and seeing atmosphere. At present, the price of chloroform in Shandong is about 2,450 RMB/ton, the price of Jiangxi Lee & Man's chloroform is about 2,350 RMB/ton, and the price of chloroform in Jiangsu is about 2,650 RMB/ton.

In terms of raw materials, the methanol market has continued to rise. In some areas, due to the weather, the equipment has been shut down for maintenance, and the inventory of manufacturers is not high. The industry's mentality is mostly positive. At present, the profit of traders is fair. The methanol analysts of SunSirs predict that the domestic methanol market will fluctuate mainly in the short-term; the liquid chlorine market is strong at a high level, and the downstream market has obvious resistance to the high price of liquid chlorine, but the market price is still stable. The current mainstream quotation in the industry is around 1,700-1,800 RMB/ton.

In the downstream market, the current refrigerant market has sufficient cost support, with sufficient supply, continued soft demand, and a general trading atmosphere. It is expected that the refrigerant market may stabilize and soften in the short term. The pharmaceutical and agricultural solvent industry has started flatly and has insufficient support for chloroform.

Market outlook

The Methane Chloride Data Analyst of SunSirs believes that the current domestic chloroform market has a relatively large regional adjustment. Except for the Shandong region, the performance of other chloroform markets is relatively stable. The price of chloroform in Shandong is greatly affected by the price of raw materials. The downstream market is mainly wait-and-see. It is expected that the price of chloroform will run stably in a short period of time. Pay attention to changes in the price of raw material liquid chlorine.

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

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