Price trend

In June, the market of chloroform fell sharply. According to the commodity market analysis system of SunSirs, as of June 28, the price of bulk chloroform in Shandong was 2,025 RMB/ton, down 10.99% from 2,275 RMB/ton at the beginning of the month. The price of raw methanol fluctuated and fell, and the cost support of chloroform weakened; The downstream refrigerant R22 entered the off-season, and the demand support for chloroform was insufficient; The operating rate of methane chloride was low first and high then, and the supply of chloroform was generally loose; The overall operation of the industrial chain was weaker.

Analysis review

In June, the operating rate of methane chloride plant decreased in the early stage. In late June, with Fuqiang, Huatai, etc. restarting and increasing their negative load, the operating rate of methane chloride slightly increased in the later period, and the overall supply of chloroform was still under pressure.

In June, the price of raw material methanol was weak and volatile, and the cost support of chloroform was weak. According to the Commodity Market Analysis System of SunSirs, as of June 28th, the spot price of methanol was 2,097 RMB/ton, a decrease of 2.97% from 2,161 RMB/ton at the beginning of the month; The low point of the cycle was 2,015 RMB/ton, and the high point was 2,190 RMB/ton.

The price of R22 was stable in June. With the end of the peak season, the overall support for chloroform was weaker than in the previous period. Overall, the total production quota for R22 in 2023 was reduced by 19% to 181,800 tons.

Market outlook

According to the methane chloride data analysts of SunSirs, the demand for chloroform  was generally weak in the face of the end of the peak season, and the supply side was under pressure. It is expected that the chloroform market will be weak and consolidated in the short term.

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