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SunSirs: The Chloroform Market Rose Sharply This Week (May 4-8)

May 11 2020 14:31:26     SunSirs (John)

Price trend

According to the large data monitoring of SunSirs, during the May Day, the price of chloroform in the Shandong area increased sharply. The price of chloroform was high this week. The average price at the beginning of the week was about 1,400 RMB/ton, and it rose to about 1,650 RMB/ton on the weekend 17.86%, an increase of 17.86%.

 

Analysis review   

Product: During the May Day period, affected by the high price of liquid chlorine for raw materials and the negative impact of the maintenance of some enterprises in East China and Shandong Province, the price of chloroform rose sharply, the inventory pressure of enterprises was not great, the downstream purchasing and stock up situation was acceptable, and the market mentality after the festival was not good, mainly to maintain stability. At present, the quotation in Shandong is about 1,600-1,650 RMB/ton, the price in Jiangxi Liwen is about 2,050 RMB/ton, and the price in Jiangsu is about 2,700 RMB/ton.

Industrial chain: On the upstream side, due to the impact of downstream replenishment and rising freight rates, the domestic methanol market prices are picking up, currently about 1,727 RMB/ton; the liquid chlorine market fluctuates at a high level, and the market supply is well supported. At present, the quotation in North China is about 300-600 RMB/ton, and East China is 700-850 RMB/ton. On the downstream side, the domestic refrigerant market has continued to decline, and the market has been quiet. There are no obvious signs of improvement. The current price is hovering around 15,000 RMB/ton; the solvent and pharmaceutical and pesticide industries have a weak demand for purchasing, which is insufficient to support chloroform prices.

 

Market outlook

Analysts of the business agency believe that the current operating rate of the chloroform market is relatively low, the overall is about 40-50%, the stock pressure of the enterprise is not great, but the downstream market is not good, and the company is on the verge of profit and loss. It is expected to maintain stable operation in a short time.

 

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

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