SunSirs: The Market of Chloroform Was Weak and Declined
June 14 2023 14:30:47 SunSirs (John)
Price trend
This week (6.5-6.12), the market of chloroform was weak and declined. According to the data of SunSirs, as of June 12, the price of bulk chloroform in Shandong was 2,125 RMB/ton, down 4.49% from 2,225 RMB/ton on last Monday. The price of raw methanol fluctuated slightly, and the cost support of chloroform was weaker; The replenishment of some downstream enterprises ended, and the demand for chloroform weakened again; Although some enterprises had shut down and reduced the load of methane chloride devices, the overall supply side was still loose. Chloroform market fluctuated and fell back.
Analysis review
The operating rate of methane chloride plants fluctuated slightly this week.
This week (6.5-6.12), the price of raw methanol was consolidated at a low level, and the cost support of chloroform was still weaker. According to the Commodity Market Analysis System of SunSirs, as of June 12th, the spot price of methanol was 2,041 RMB/ton, a decrease of 6.35% from last Monday's 2,180 RMB/ton.
Short term replenishment orders ended, coupled with the gradual end of the domestic refrigerant market peak season, some downstream refrigerant R22 enterprises temporarily stabilized their parking and maintenance prices. In the short term, chloroform rose and then fell back. In addition, the total production quota of R22 was reduced by 19% to 181,800 tons in 2023, which made it difficult to improve the demand support for chloroform in the medium and long term.
Market outlook
According to the methane chloride data analysts of SunSirs, although the overall domestic demand support for chloroform was weaker, and the cost side was consolidated at a low level, it is expected that the chloroform market will be consolidated weaker in the future.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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- 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
