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SunSirs: In January, the Market of Chloroform Rose First and Then Stabilized

February 02 2023 11:06:12     SunSirs (John)

Price trend

In January, the market of chloroform rose first and then stabilized. According to the data monitoring of SunSirs, as of January 31, the price of bulk chloroform in Shandong was 2,400 RMB/ton, up 5.49% from 2,275 RMB/ton at the beginning of the month. Before the Spring Festival, the downstream construction started at a low level, a small amount of goods were prepared, and the inventory of chloroform production enterprises was not large, which pushed the price of chloroform up slightly.

Analysis review

In January, Dongying Huatai 160,000 t/a methane chloride unit was upgraded to 70% load operation; Guangxi Jinyi 300,000 t/a methane chloride unit was upgraded to full load operation.

In January, the price of raw materials in the chloroform industrial chain rose slightly, the downstream R22 market was temporarily stable, the refrigerant started at a low level, and the end of the industrial chain was weak.

In January, the price of raw material methanol rose slightly, while the cost of chloroform rose slightly. According to SunSirs, as of January 30, the spot price of methanol was 2,768 RMB/ton, up 2.61% from the price of 2,698 RMB/ton at the beginning of the month.

In January, the operating rate of the downstream refrigerant was at a low level of 30%, but due to the approaching of the Spring Festival holiday, there was still a small amount of stock, which formed a certain support for chloroform.

Market outlook

According to the methane chloride data analyst of SunSirs, the cost of chloroform is slightly higher, and the peak season of the downstream refrigerant is approaching, so it is expected that the market of chloroform may rise slightly in the short term.

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

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