SunSirs: On May 16, the Chloroform Market Continued to Decline
May 17 2022 09:20:37 SunSirs (John)Price trend
According to the monitoring of SunSirs, the price of chloroform (bulk water) in Shandong on the 16th was 4,325 RMB/ton, down 1.42% from the previous day. Market offers edged lower.
Analysis review
Since May, the price of raw material methanol of production enterprises has dropped slightly. As of May 16, the price of raw material methanol of production enterprises was 2650 RMB/ton, and the cost side had support but weaker than the previous period..
In addition, the domestic methane chloride plant was operating at a high level, and the new plant capacity is expected to be put into production. The downstream refrigerant operation was low and the demand was weak. The supply and demand face had a negative impact on chloroform.
Market outlook
At present, on the one hand, the supply and demand side is weak, and on the other hand, the cost side is expected to rise due to the rising international energy prices. It is expected that the chloroform market will fluctuate weakly in the short term.
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