Data show that the chloroform market in Shandong has risen sharply since February. As of March 10, the average price of chloroform in Shandong was around 3,646.67 yuan/ton, an increase of 51.94% from 2,400 yuan/ton in early February.
First of all, the spot supply of chloroform in Shandong is tight due to the impact of the decline in the enterprise load and the low inventory. On the one hand, some companies and other equipment were overhauled in February, the overall output of chloroform was reduced, and the company’s shipments were smooth, and there was no inventory pressure; on the other hand, some companies had maintenance plans in March. According to the business agency, Jinling planned to stop on March 12. The maintenance is about 20 days. It is expected that the supply will continue to be tight in the later period, and the market is bullish. After the Spring Festival, the ex-factory price of chloroform was frequently increased. On March 10, the ex-factory price of chloroform was increased by 200-300 yuan/ton within a day, and the mainstream ex-factory price of chloroform bulk water including tax was around 3730-3800 yuan/ton. Market offers rose further, and individual traders’ packaged and tax-included offers have reached around RMB 4500/ton.
Secondly, the price of raw materials is high, and the cost side is relatively strong. The price of raw material liquid chlorine in Shandong has risen by more than 1,000 yuan/ton since the end of February. The cost support is strong. According to the business agency, as of March 8th, the price of liquid chlorine in Shandong has reached around 1,800 yuan/ton; the price of raw methanol is high. The price has continued to rise since February. As of March 10, the price of methanol was 2462 yuan/ton, which was an overall increase of 7.51% from the 2,290 yuan/ton in early February.
Finally, the peak season for downstream refrigerants is gradually coming. Refrigerant orders have increased and even orders for some models have been filled, operating rates have increased, demand support has increased, and the price of chloroform has increased.
Methane Chloride Data Analyst believes that the current inventory pressure of chloroform producers in Shandong is not large, coupled with the rising cost of raw materials, the demand side is superimposed on the downstream peak season, and it is expected that the price of chloroform will still have room for upside in the later period.
Source: Chemical Network
