Price trend

According to the data of SunSirs, the recent market situation of chloroform continued its rise trend. As of October 18, the price of chloroform bulk water in Shandong was 4,325 RMB/ton, up 6.13% from the price of 4,075 RMB/ton at the beginning of the month. Although the cost was lower after the festival, the price of chloroform was on the rise supported by demand.

Analysis review

Since October, the operating rate of methane chloride in China has remained at a high level, with little overall change. The supply of chloroform is basically stable, but due to domestic demand and the export order of a factory in Shandong, the inventory of chloroform in the region was tight.

Since October, the spot price of methanol has declined significantly, and the cost support of chloroform has weakened. According to SunSirs, as of October 18, the spot price of methanol was 2,800 RMB/ton, down 7.05% from the price of 3,012 RMB/ton at the beginning of the month, and the peak in the cycle was 3,246 RMB/ton.

On the one hand, the operating rate of downstream refrigerant, pharmaceutical and other industries is generally stable; On the other hand, the operating rate of printing and dyeing, printing ink and paint industries in Golden September and Silver October increased, and the demand had support for chloroform. In addition, affected by the export order of chloroform from an enterprise in Shandong, the supply of goods in the region continued to be tight, pushing up the price of chloroform.

Market outlook

Analysts of methane chloride data from SunSirs believe that, on the one hand, the supply was loose and the cost was lower, which had a negative impact on chloroform; On the other hand, exports orders increased, and downstream demand provided positive support for chloroform. Under the long and short game, it is expected that the rising range of chloroform market will gradually decrease in the later period.

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