Price trend
The price of chloroform fell sharply in November. According to the data monitoring of SunSirs, as of November 30, the price of chloroform in Shandong was 3,100 RMB/ton, down 50% from the 6,200 RMB/ton at the beginning of the month.
Analysis review
Since the beginning of winter in November, the market performance of chloroform has been sluggish. There are three main reasons: first, the price of raw materials has fallen, and cost support has collapsed; second, the supply side has increased, the pre-maintenance companies have gradually resumed production, and the overall operating rate of the industry has increased compared with the previous period; third, with the advent of winter, the use of air conditioners has entered the off-season, and downstream demand is sluggish. To sum up the three aspects of the industrial chain, the negative factors have become the three mountains that overwhelm chloroform.
Since November, the price of methanol has fallen sharply, the cost side has dragged the market of chloroform. According to SunSirs, as of November 30, the price of methanol was 2,775 RMB/ton, down 12.09% from the 3,156 RMB/ton at the beginning of the month.The domestic methane chloride plant started at 60% to 70%, and the supply side had increased compared with October.
The downstream refrigerants were in the off-season, and the demand for chloroform had been reduced; the downstream fine chemicals were used less, and they were basically purchased on demand. Overall, the downstream demand for chloroform was not very supportive.
Market outlook
Methane chloride data analysts of SunSirs believe that the supply side of chloroform is relatively loose, the cost side is lower, and the downstream demand is weak. It is expected that the chloroform market will continue to be weak in the short term. However, due to the sharp release of market sentiment due to the previous decline, the market of chloroform will be stabilized in the short term.
