SunSirs: The Market of Chloroform Declined Sharply
July 18 2023 14:35:46 SunSirs (John)
Price trend
Since July, the market of chloroform has declined significantly. According to the data of SunSirs, as of July 17, the price of bulk chloroform in Shandong was 1,825 RMB/ton, down 9.88% from 2,025 RMB/ton at the beginning of the month. The price of raw material methanol rose slightly but remained at a low level, and the cost support for chloroform was weak; Inquiries were made on demand in the downstream off-season, and transactions in the chloroform market were light, with prices falling sharply.
Analysis review
In the first half of the month, the operating rate of methane chloride plants slightly decreased, and the overall supply pressure slightly eased.
Since July, the price of raw material methanol had risen slightly, and the cost center of chloroform had moved up. According to the Commodity Market Analysis System of SunSirs, as of July 17th, the spot price of methanol was 2,245 RMB/ton, an increase of 3.02% from 2,180 RMB/ton at the beginning of the month.
Short-term replenishment orders ended, coupled with a small amount of low demand for domestic refrigerant starting, some downstream refrigerant R22 enterprises shut down for maintenance and the price was temporarily stable, and chloroform fell slightly. In addition, the total production quota of R22 in 2023 was reduced by 19% to 181,800 tons. In the medium and long term, it is difficult to improve the demand support for chloroform.
Market outlook
According to the methane chloride data analysts of SunSirs, although the overall domestic demand support for chloroform was weak, the supply side was slightly eased. It is expected that the chloroform market will be narrowly consolidated in the later period.
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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
