SunSirs: In January, Chloroform Market First Suppressed and Then Rose

Price trend

According to the data of SunSirs, in January, the price of chloroform in Shandong Province first suppressed and then increased. The average price at the beginning of the month was about 2,200 RMB/ton, and fell to 2,000 RMB/ton at the end of the month, with an overall decline of 9.09% in the month. The lowest price in the month was 1,950 RMB/ton in the middle of the month.

Analysis review   

Product: Entering winter, it is in the traditional off-season of chloroform market, and the overall market starts smoothly. However, the downstream demand was flat, and the price support for chloroform was insufficient. Near the Spring Festival holiday, the downstream market and traders intended to stock up, so the market price was slightly higher, and the overall transaction situation was still slightly flat. At present, the quotation in the region is about 2,000 RMB/ton, that in Jiangxi Liwen is about 2,150 RMB/ton, and that in Jiangsu is about 3,400 RMB/ton.

Industrial chain: On the upstream side, the methanol market was in shock and consolidation, and the market transaction before the festival was stagnant, at present, it was about 2,242 RMB/ton; the liquid chlorine market was stable and in shock, the supply of the liquid chlorine market was tight, the enterprise had a strong attitude of pricing, and the transaction was flat, at present, it was about 300-500 RMB/ton. In the downstream, the domestic refrigerant market was in weak and stable operation, and the market was basically closed before the festival, so there was little room for price adjustment; the pharmaceutical and agricultural market and solvent industry just need to be flat, and the price of chloroform was generally supported.

Market outlook

According to the data analyst of methane chloride of SunSirs, with the development of the new crown virus epidemic, the Spring Festival holiday has been extended compared with previous years, the market starts have slowed down, the logistics and transportation vehicles in various regions are limited, and the market trading is weak. It is expected that the market will be shaken and sorted out in a short time.

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