SunSirs: The Chloroform Market Fluctuated and Fell
December 14 2022 09:24:58 SunSirs (John)
Price trend
According to the data of SunSirs, the chloroform market has fluctuated downward since December. As of December 9, the price of bulk chloroform in Shandong was 2,312 RMB/ton, down 2.12% from the price of 2,362 RMB/ton at the beginning of the month, and the cycle low was 2,275 RMB/ton. There was no significant increase in demand for chloroform, the supply side was loose, the factory price of enterprises was lowered, and the business offer was lower.
Analysis review
Since December, the operating rate of methane chloride has decreased slightly compared with the previous period, and the 400,000 t/a methane chloride unit of Ningbo Juhua had been reduced to about 20%; the 300,000t/a methane chloride unit in Guangxi Jinyi had been reduced to 50% of its capacity. But overall, the pressure on the supply side of chloroform was still.
In the first ten days of December, the spot market of methanol fell first and then rose, with slight shocks, and the cost of chloroform fluctuated slightly. According to SunSirs, as of December 9, the spot price of methanol was 2,680 RMB/ton, down 0.06% from the price of 2,681 RMB/ton at the beginning of the month; The low point in the cycle was 2,621 RMB/ton.
In the low consumption season, the downstream refrigerant market was low, the demand was insufficient, and the support for chloroform was weak.
Market outlook
Analysts from the methane chloride data of SunSirs believe that the supply side is loose and the demand side is weak, but the cost side has fluctuated in a narrow range recently. It is expected that the chloroform market will fluctuate and consolidate later.
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- 2024-04-17 SunSirs: The chloroform market was stable overall
- 2024-03-06 SunSirs: Supported by Costs and Demand, the Market for Chloroform Saw a Significant Rise
- 2023-12-14 SunSirs: The Chloroform Market Was Weakly Consolidated
- 2023-12-04 SunSirs: The Overall Market Trend of Chloroform in November Had Declined
- 2023-11-23 SunSirs: The Market Situation of Chloroform Was Weak and Significantly Declined
