Price trend

According to the monitoring of the bulk data of SunSirs, the chloroform market in Shandong area has risen sharply due to the continued high price of raw material liquid chlorine. As of November 4, the average price of chloroform in Shandong area was around 2,300 RMB/ton, an increase of 15% from the beginning of the month, and an increase of 21.05% from the same period last month.

Analysis review

The recent domestic chloroform market continues to rise mainly due to the high price of raw material liquid chlorine. At present, the production cost of chloroform companies in Shandong is under pressure, and the overall demand in the downstream market is flat. Companies are forced to reduce the operating rate. The industry as a whole is operating at less than 60%. Since the company's inventory is within an acceptable range, the price intention is good. At present, the price of Shandong area is about 2,300 RMB/ton, Jiangxi Liwen is about 2,350 RMB/ton, and the price in Jiangsu area is about 2,650 RMB/ton.

In terms of raw materials, the domestic methanol market fluctuated and adjusted, currently around 1,902 RMB/ton. Some production companies continue to increase their ex-factory quotations. Currently driven by futures, international crude oil prices have rebounded, production companies’ installations are overhauled, inventory is low, and downstream demand has rebounded. Supported by the above factors, the positive factors will continue to be maintained in a short period of time. Traders are even more bullish; the liquid chlorine market has continued to rise recently. The Shandong region has been affected by the overhaul of enterprises, and the supply in the region is tight, and the price of liquid chlorine remains high. The market has followed the trend and the current mainstream quotes in the industry are around 1,800-2,000 RMB/ton.

In the downstream market, the refrigerant market is weak and stable, with prices falling steadily. Major downstream air-conditioning manufacturers start at low levels, demand is scarce, foaming agent demand declines, orders are not many, the demand side is difficult to boost the market, the raw material side hydrofluoric acid industry is trending stable, and there are no positive signals. Although the quota is reduced at the end of the year, the market is renewed back to the buyer's dominance, the short-term market weakness remains; the pharmaceutical and agricultural solvent industry has started flat, and the support for chloroform is insufficient.

Market outlook

Methane chloride data analysts of SunSirs believe that the current domestic chloroform market is temporarily operating steadily, enterprises are not operating high, the overall supply and demand in the industry are weak, and the downstream market is mainly waiting and watching. The market outlook needs to pay attention to the raw material market. It is expected that the price of chloroform will continue to run stably in a short time.

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