Subdued Global Chloroform Demand Alters the Trading Dynamics

Texas, USA- The global Chloroform market showcases feeble market trading activities due to weak spot price discussions as concerns about subdued global demand continue to drag the trading dynamics.

In the USA, the surge in export volume from the USA to Mexico and the South American market in the past few weeks to cope with the tightening arbitrage supplies resulted in adequate product availability. With the week ending on 31st March, the price of Chloroform in the USA declined to USD 587/ton FOB Texas with a weekly decline of 0.32%. There is less spot cargo demand, and the manufacturer mainly executed the pre-contract orders. In terms of the feedstock market, Methanol also faced a Southward price trend with lackluster demand and feeble purchasing interest among the traders. Regional economic sluggish from the downstream refrigerant industries resulted in weak Chloroform margins that prolonged demand recovery.

Chinese Chloroform price in China slides with the price range fluctuating from USD 485/ton- USD 540/ton FOB Qingdao with a weekly decline of 4.15%. The price of raw material Methanol declined slightly and the cost support for Chloroform was weak. The downstream refrigerant procurement demand remains tepid but the high production rate had kept the supply adequate to fulfill the requirement of the end user. The methane Chloride unit continued to operate at a high level which adversely affected the domestic Chloroform prices.

According to ChemAnalyst, the price of Chloroform in the global market will remain impacted by weak spot discussions and low market fundamentals. The overall market demand recovery strength is anticipated to cap with limited buying interest and narrowing profit margin and sales among the significant producers. The production rate among the major enterprises will slump due to feeble demand from the downstream refrigerant industries. Exports of Chloroform from Germany and China to the global market trade slow due to ample inventories to fulfill the end-user demand.