The price of chloroform continues to rise
It is reported that chloroform is a kind of organic synthetic raw material, mainly used to produce freon (F-21, F-22, F-23), dyes and drugs. In medicine, it is often used as an anesthetic. It can be used as a solvent and extractant for antibiotics, spices, oils, resins, and rubber. The price of chloroform continues to rise this time, mainly stimulated by three factors.
The impact of the decline in the enterprise load and the low inventory level has resulted in tight spot supply of chloroform in Shandong, which is the primary reason for the increase in the price of chloroform. On the one hand, some companies and other equipment were overhauled in February, the overall output of chloroform decreased, and the company’s shipments were smooth, without inventory pressure; on the other hand, some companies had maintenance plans in March, and it is understood that Jinling planned to shut down 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 material liquid chlorine in Shandong has risen by more than 1,000 yuan/ton since the end of February, and the cost support is strong. As of March 8th, the price of liquid chlorine in Shandong has reached around 1,800 yuan/ton; the price of raw material methanol is high and rising Channel, the price has continued to rise since February. As of March 10, the price of methanol was 2462 yuan/ton, which was 7.51% higher than the 2,290 yuan/ton in early February.
The arrival of the downstream refrigerant peak season has further pushed up the price of chloroform. Generally speaking, the peak season of refrigerants each year starts before summer. Generally, March to June is the peak season for air-conditioning production, and May to July is the peak season for the maintenance market. Recently, orders for refrigerants have increased and even orders for some models have been filled, operating rates have increased, and demand support has increased, which has driven the price of chloroform to rise.
According to industry insiders, the current inventory pressure of chloroform production enterprises in Shandong is not great, 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 still has room for upwards in the later period.
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