SunSirs: Supported by Costs and Demand, the Market for Chloroform Saw a Significant Rise

Price trend

Since 2024, the domestic market for chloroform has seen a significant increase. According to the Commodity Market Analysis System of SunSirs, as of March 5th, the price of bulk chloroform in Shandong Province was 2,666 RMB/ton, an increase of 28.82% from the beginning of the year's 2,070 RMB/ton.

The significant increase in the market for chloroform was mainly reflected in two stages before and after the Lunar New Year: mid to late January before the Spring Festival, and downstream was in the peak season for winter storage and stocking after the holiday. There was a wave of purchases of chloroform, which drove up the price of chloroform; Since late February after the holiday, with the gradual increase in downstream refrigerant production and the low inventory of chloroform, the price of chloroform had risen again.

Analysis review

Since 2024, the operating rate of domestic methane chloride plants had fluctuated narrowly, with a domestic methane chloride operating rate of around 70% as of the end of February.

Since 2024, the prices of raw materials methanol and liquid chlorine had fluctuated and risen, supported by the cost of chloroform. According to the commodity market analysis system of SunSirs, as of March 5th, the spot price of methanol was 2,691 RMB/ton, an increase of 9.86% from 2,450 RMB/ton at the beginning of the month; In January, the price of liquid chlorine tankers in Shandong region ranged from 100 to 300 RMB/ton. During the Spring Festival, the price dropped to 1 RMB/ton. As of March 5th, the price of liquid chlorine tankers in Shandong region was 400 RMB/ton, which was generally at a high level compared to the previous period.

The refrigerant market had rapidly rebounded after the holiday, with a significant increase in the production volume of air conditioning enterprises in March. It is expected that the production volume will be around 20-22 million units. In addition, the increase in export demand orders will provide strong support for the refrigerant market. In addition, due to the increase in HFC prices and another reduction in HCFC quotas next year, the R22 market will see a surge. After the holiday, the prices of refrigerants have risen and production had increased, providing strong support for demand for the chloroform market.

Market outlook

SunSirs’ methane chloride data analysts believe that the rising raw material prices had provided strong support for chloroform; The downstream refrigerant industry was still in the peak season of production, and the demand for chloroform will continue to support in the short term. Overall, the chloroform market will continue to maintain a high and strong trend in the short term.

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