According to the data of the business society, the chloroform market dropped sharply this week (11.4-11.11). As of November 11, the price of chloroform for bulk water packaging in Shandong was 3,275 RMB/ton, down 9.97% from the price of 3,673 RMB/ton on last Friday. There was no significant increase in the new demand for chloroform, the supply side was loose, the factory price of enterprises was lowered, and the business offer was lower.
Analysis review
This week (11.4-11.11), the operating rate of methane chloride increased slightly, and the pressure of chloroform supply surface continued. Dongyue 300,000 t/a plant continued to operate at 60% load; The 160,000 t/a Dongying Huatai equipment was restarted in early November, and the current load was increasing; The Jinling Dongying plant was lifted to full load operation.
This week (11.4-11.11), the spot market of methanol fell slightly, and the cost of chloroform fell slightly. According to SunSirs, as of November 11, the spot price of methanol was 2,759 RMB/ton, down 3.66% from the price of 2,864 RMB/ton last Friday. The domestic methanol market was expected to rebound in a narrow range after falling.
The downstream refrigerant market was sluggish this week, and the operating rate was low; Under the epidemic situation, some enterprises started at a low level, and the demand for chloroform was weak.
Market outlook
Analysts from the methane chloride data of SunSirs believe that the supply side is loose, the demand side is weak, and the cost side may rise after the recent decline. It is expected that the chloroform market will fluctuate in a narrow range in the later period.
