SunSirs: Chloroform Market Rose First and Then Stabilized

Price trend

Recently (7.15-7.26), chloroform market rose first and then stabilized. According to the data of SunSirs, as of July 26, the price of bulk chloroform in Shandong Province was 2,050 RMB/ton, up 13.89% from 1,800 RMB/ton in the middle of the month. On the whole, it rose in the early period and was stable in the later period. The price of methanol as raw material decreased slightly, and the cost support for chloroform weakened slightly; In the off-season, some equipment maintenance enterprises in the downstream mostly made inquiries on demand, and the transaction in the chloroform market was flat; The recent commencement of methane chloride plant had slightly decreased, and the inventory of enterprises was low, which had promoted the price of chloroform to rise in the early stage; However, in the later period, with the production of new devices, the supply pressure was expected to rise slightly, which suppressed the market of chloroform.

Analysis review

Recently (7.15-7.25), the operating rate of methane chloride plants had slightly decreased, but supply pressure is expected to increase in the later stage.

Recently (7.15-7.25), the price of methanol as raw material decreased slightly, and the cost center of dichloromethane decreased. According to the Commodity Market Analysis System of SunSirs, as of July 25th, the spot price of methanol was 2,255 RMB/ton, a decrease of 2.52% from the mid month price of 2,314 RMB/ton.

Some downstream refrigerant R22 enterprises shut down for maintenance, and the price rose slightly. The demand for chloroform was limited. In addition, the total production quota of R22 was reduced by 19% to 181,800 tons in 2023. 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, as of July 26, the overall domestic demand support for chloroform was weak, and the supply side was expected to increase. It is expected that the chloroform market will decline slightly in the later period.

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