SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Chloroform News > News Detail
Chloroform News
SunSirs: Supply and Demand Weakened, and the Chloroform Market Fell Sharply in April
May 05 2022 10:12:03SunSirs(John)

Price trend

The cost side fell and the supply and demand side weakened, and the price of chloroform fell sharply in April. According to the data monitoring of SunSirs, as of April 30, the price of chloroform in bulk water in Shandong was 5,487 RMB/ton, down 7.38% from the price of 5,925 RMB/ton at the beginning of the month.

Analysis review

According to SunSirs, Jinling King's methane chloride plant was gradually restarted to full capacity in late April; the load of Juhua's methane chloride plant increased from 30% to 60%; Dongyue's methane chloride plant started construction around 70% in early April, shut down in the middle of the month, and restarted to full capacity in late of the month; the Fuqiang’s methane chloride plant began to gradually restart in the middle of the month... The supply pressure of chloroform began to appear again in the middle and late April.

In April, the production cost of methanol was weakened, and the supply was relatively abundant. In addition, the transportation in some areas was still limited. There was no significant change in the demand side. The market price fell sharply, and the cost support for chloroform was weakened. According to the understanding of SunSirs, as of April 30, the price of methanol was 2,745 RMB/ton, down 10.59% from the price of 3,070 RMB/ton at the beginning of the month.

Since mid-to-late April, the downstream refrigerant R22 plant had seen an increase in the reduction of load and shutdown, the start of construction had declined, and the demand side had weakened.

Market outlook

The methane chloride data analyst of SunSirs believes that on the one hand, the cost is lower, and on the other hand, the downstream demand is weakening. It is expected that the price of chloroform will continue to fall in the later period.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products