SunSirs: The Chloroform Market Is Running Stably

Price trend

According to the monitoring of the bulk data of SunSirs, the chloroform market in Shandong is currently operating stably. As of August 19, the average price of chloroform in Shandong was around 1,910 RMB/ton, an increase of 0.53% from the beginning of the month and a decrease of 4.5% from the same period last month.

Analysis review

At present, the overall operating rate of chloroform companies in Shandong is gradually recovering. The quotations of companies are already at a high level. The downstream market is just in weak demand. The supply and demand in the industry are gamed. The inventory pressure of production companies is gradually increasing. The industry has a strong wait-and-see atmosphere, and the intention of receiving goods is not high. At present, the price of chloroform in Shandong is about 1,910 RMB/ton, the quotation of Jiangxi Lee & Man’s chloroform is about 2,300 RMB/ton, and the quotation of chloroform in Jiangsu is about 2,650 RMB/ton.

In the upstream market, the methanol market fluctuated downwards, and the news of corporate overhauls and negative losses failed to effectively boost market confidence. The overall transaction in the industry was still light, currently around 1,620 RMB/ton; The liquid chlorine market fluctuated with fluctuations, and the decline in business losses led to a decline in market supply. However, the trading atmosphere in the industry is still weak, and the current average price is around 500-700 RMB/ton.

On the downstream side, the refrigerant market has not started very high, and the industry as a whole has entered the off-season. The demand has declined significantly. The industry's negative factors are obvious; the pharmaceutical and agricultural solvent industry has started flat and has insufficient support for chloroform.

Market outlook

Methane Chloride Data Analyst of SunSirs believes that the supply and demand game of chloroform in Shandong is obvious, and the new orders in the industry are relatively small. With the accumulation of corporate inventory, the market outlook is expected to remain stable.

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