SunSirs: Chloroform Market Slightly Explored in Shandong

Price trend

According to the monitoring of bulk data from SunSirs, the price of chloroform in Shandong increased slightly. The average price at the beginning of the month was about 2,000 RMB/ton. As of February 12, the price was 2,050 RMB/ton, up 2.5% per day.

Analysis review   

Product: After the Spring Festival, the chloroform market remained weak and stable, affected by the new crown pneumonia epidemic. Apart from the parking of Jinmao plant in Dongying, the chloroform production enterprises in Shandong generally started about 50％ of the total. Due to the limited transportation, the shipment of the enterprises was not smooth, and the storehouse pressure increased day by day. On December 12, Shandong Jinling shut down in an all-round way, and the spot supply in the market further declined. The enterprise immediately raised its quotation. At present, the quotation in Shandong Province is about 2,050 RMB/ton, that in Jiangxi Liwen is about 2,150 RMB/ton, and that in Jiangsu Province is about 2,900 RMB/ton.

Industry chain: In the upstream, the methanol market is not well started, mainly consuming inventory, and the overall demand is poor. At present, it is about 2,147 RMB/ton; in the liquid chlorine market, the start-up is low, and the spot supply is tight, at present, it is about 300-500 RMB/ton. In the downstream, the domestic refrigerant market is basically closed, with stable price operation; the pharmaceutical agricultural market and solvent industry are not well started, with poor rigid demand and insufficient support for the price of chloroform.

Market outlook

According to the data analyst of methane chloride of SunSirs, affected by the epidemic situation of new crown virus, domestic chloroform enterprises have difficulty in shipping and obvious storage pressure. Affected by the overall shutdown of Jinling, the spot supply has declined to a certain extent, and it is expected that the market price will fluctuate in a short time.

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