SunSirs: The Market Situation of Chloroform Was Weak and Significantly Declined

Price trend

This week (11.13-11.21), the market for chloroform fell. According to data from SunSirs, as of November 22, the price of bulk chloroform in Shandong Province was 2,066 RMB/ton, a decrease of 8.82% from last Monday's 2,266 RMB/ton. The price of raw material methanol was weak and lowered, while the price of liquid chlorine remained high, and the cost of chloroform still had support; However, downstream demand was weak, transactions in the chloroform market were scarce, and the factory price of accumulated inventory of enterprises had been lowered.

Analysis review

This week (11.13-11.22), the domestic methane chloride operating rate slightly increased to around 65%.

This week (11.13-11.22), the price of raw material methanol fell and the price of liquid chlorine remained high, while the cost of chloroform still had support. According to the Commodity Market Analysis System of SunSirs, as of November 22, the spot price of methanol was 2,385 RMB/ton, a decrease of 3.08% from last Monday's 2,460 RMB/ton. As of November 22nd, the price of liquid chlorine in Shandong region had been sorted out around 600 RMB/ton.

In the off-season, the terminal only had a small amount of support for refrigerant. As November 22, the refrigerant R22 market was consolidating at a low level, and the operating low level fluctuated narrowly, leading to a significant weakening of demand support for chloroform. In 2023, the total production quota of R22 was reduced by 19% to 181,800 tons, and overall support for chloroform demand will weaken in the medium to long term.

Market outlook

Analysts from SunSirs's methane chloride data believe that on the one hand, weak demand had a significant impact on chloroform, and on the other hand, there was slight cost support in the short term. It is expected that the chloroform market will continue to narrowly consolidate in the near future.

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