This week (7.31-8.7), the market for chloroform slightly declined. According to data from Business Society, as of August 7th, the price of trichloromethane bulk water in Shandong Province was 2012 yuan/ton, a decrease of 2.42% from last Monday’s 2062 yuan/ton. The price of raw material methanol continues to rise, and the cost support for trichloromethane has strengthened compared to the previous period; Some devices have restarted operation, and the supply of trichloromethane has slightly increased; In addition, downstream demand is weak, and the overall industry chain is mainly bearish, resulting in a decrease in the price of chloroform.

This week (7.31-8.7), some devices have slightly increased after restarting, and in the later stage, Jiuhong’s new devices will produce products, and the pressure on the supply side of chloroform is expected to increase again.

This week (7.31-8.7), the price of raw material methanol slightly increased, and the cost center of trichloromethane increased. According to the Commodity Market Analysis System of Business Society, as of August 7th, the spot price of methanol was 2330 yuan/ton, an increase of 2.19% from last Monday’s 2280 yuan/ton.

Recently, the downstream refrigerant R22 is in the traditional off-season, and some enterprises have maintained stable parking and maintenance prices, resulting in weak demand for chloroform. In addition, the total production quota of R22 has been reduced by 19% to 181800 tons in 2023, and overall support for chloroform demand has weakened in the medium to long term.

According to methane chloride data analysts from Business Society, the overall weak demand for trichloromethane at the end of the peak season, coupled with the expected increase in supply side pressure in the later period, although there is support for higher methanol prices on the cost side, overall, it is expected that the trichloromethane market will be weak and narrow in the short term.