Price trend

According to the data of SunSirs, the market of chloroform dropped from a high level this week (10.17-10.24). As of October 24, the price of bulk chloroform in Shandong was 4,050 RMB/ton, down 4.70% from the price of 4,250 RMB/ton last Monday, and the peak in the week was 4,350 RMB/ton. There was little new demand for chloroform. The factory price of chloroform of enterprises was lowered, and the business offer declined.

Analysis review

Since October, the operating rate of methane chloride in China has remained at a high level, with little overall change. The supply of chloroform was basically stable, with few new orders, and the supply of chloroform increased slightly.

The spot price of methanol rose this week (10.17-10.24), and the cost of chloroform had support. According to SunSirs, as of October 24, the spot price of methanol was 2,954 RMB/ton, up 5.03% from the price of 2,812 RMB/ton on last Monday.

As of the 24th, the operating rate of downstream refrigerant, printing and dyeing, ink and paint, pharmaceutical and other industries was temporarily stable, and the demand supported for chloroform.

Market outlook

Analysts from the methane chloride data of SunSirs believe that t the downstream of rigid demand have support, and the tight supply pattern has eased. If the supply trend is loose in the later period, the chloroform market will continue to fall.

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