The Chloroform market continued its streak of stability in the current week. The market conditions continued to remain stable since the past month where w-o-w change in the prices were negligible. The stability was primarily driven by a combination of supply and demand factors leading to a condition of equilibrium in the market.
The prices were flat in the week, reaching at USD xxx/MT FOB Texas. The demand from downstream sectors was average supporting the consumption patterns of Chloroform. Additionally, the supply was sufficient to support the current demand with ease without being overbearing in the market preventing any significant price changes.
The manufacturers opted a cautious approach while the demand remained stagnant and unchanged persistently. The prices of feedstock Methanol surged by a slight margin in the week putting increased cost pressures on the manufacturers....
