SunSirs: With the Shutdown of the Plants and the Recovery of Demand, the Market of Chloroform Rose Sharply in February

Price trend

The market of chloroform rose sharply in February. According to the data monitoring of SunSirs, as of February 28, the price of bulk chloroform in Shandong was 3,000 RMB/ton, up 26.32% from the price of 2,375 RMB/ton at the beginning of the month. On the one hand, the manufacturers had successively shut down for maintenance or reduced the load, and the pressure of chloroform supply surface had been greatly reduced; On the other hand, the downstream construction started to pick up, and the manufacturers continued to replenish, and the demand had support for chloroform; Good supply and demand pushed up the price of chloroform significantly.

Analysis review

Dongying Huatai and Guangxi Jinyi, with a total of 460,000 tons/year of methane chloride units, were shut down in mid-February; Jiangsu Fuqiang 300,000 t/a methane chloride unit was operated at reduced load at the end of February; The Dawang plant area of the 440,000 t/a methane chloride plant of Jinling was reduced to 50% load in late February, and planned to shut down in early March. In February, the domestic supply of methane chloride decreased significantly.

In February, the price of raw material methanol fell slightly, while the cost of chloroform fell slightly. According to SunSirs, the spot price of methanol was 2,743 RMB/ton as of February 28, down 1.32% from the price of 2,780 RMB/ton at the beginning of the month.

Downstream demand gradually warmed up after the Spring Festival, and refrigerant prices rose in February. It was still in the recovery period of domestic and foreign sales demand. The refrigerant manufacturers replenished the raw materials for the peak season in March, which had more support for the market of chloroform.

Market outlook

According to the methane chloride data analyst of SunSirs, the cost of chloroform fluctuated slightly, the manufacturer stopped, the supply was tight, and the downstream refrigerant is about to enter the traditional peak season. It is expected that the market of chloroform will be strong at a high level in the short term.

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