This week (11.13-11.21), the market for chloroform fell. According to data from Business Society, as of November 22, the price of trichloromethane bulk water in Shandong Province was 2066 yuan/ton, a decrease of 8.82% from last Monday’s 2266 yuan/ton. The price of raw material methanol is weak and low, while the price of liquid chlorine remains high, and the cost of trichloromethane still has support; However, downstream demand is weak, transactions in the trichloromethane market are scarce, and the factory price of accumulated inventory of enterprises has been lowered.
This week (11.13-11.22), domestic methane chloride production slightly increased to around 6.5%.
This week (11.13-11.22), the price of raw material methanol fell and the price of liquid chlorine remained high, while the cost of trichloromethane still has support. According to the Commodity Market Analysis System of Business Society, as of November 22, the spot price of methanol was 2385 yuan/ton, a decrease of 3.08% from last Monday’s 2460 yuan/ton. As of November 22nd, the acceptance price of liquid chlorine tank trucks in Shandong region has been sorted out around 600 yuan/ton.
In the off-season, the terminal only needs a small amount of support for refrigerant. Currently, the refrigerant R22 market is consolidating at a low level, and the operating low level fluctuates narrowly, leading to a significant weakening of demand support for trichloromethane. In 2023, the total production quota of R22 will be reduced by 19% to 181800 tons, and overall support for trichloromethane demand will weaken in the medium to long term.
Analysts from Business Society’s methane chloride data believe that on the one hand, weak demand has a significant impact on trichloromethane, and on the other hand, there is slight cost support in the short term. It is expected that the trichloromethane market will continue to narrow and consolidate in the near future.
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