According to a large number of data monitoring by business associations, the price of trichloromethane in Shandong continued to fall this week. At the beginning of the week, the average price of trichloromethane in Shandong was about 2400 yuan/ton, while at the end of the week, the average price was about 2300 yuan/ton, with an overall decline of 4.17%.
II. Cause Analysis
Product Reasons: This week, chloroform enterprises in Shandong started normal work, the supply of the industry is stable, the downstream refrigerant industry is in the off-season, the demand for trichloromethane price is not good, combined with the lack of reserve intention of traders before the festival, the trichloromethane market continues to decline. At present, the price of trichloromethane in Shandong is about 2300 yuan/ton; that in Jiangsu is about 3800 yuan/ton; and that in Liwen, Jiangxi is about 2850 yuan/ton. In terms of plant start-up, Jinling in Shandong Province started normal construction, 60% of chemical industry in Western Shandong Province, Jiangsu Science and Culture Plant started normal construction, and 60% of Jiangxi Science and Culture Plant started construction.
Industry Chain: Upstream, the domestic methanol market is affected by the soaring crude oil and futures boost. It has risen by 3.91% in a week and is currently around 2180 yuan/ton. The overall start of the liquid chlorine market is not high, and the trade in the industry is still acceptable. At present, more than 500-700 yuan/ton is reported by enterprises, and the market is likely to decline in the future. On the downstream side, the domestic refrigerant market has started relatively, but the overall supply is abundant, and the after-sales market is just in poor demand. Now the company offers R22 bulk water 14000-17000 yuan/ton.
Industry: According to the price monitoring of business associations, in the 37 th week of 2019 (9.16-9.20), there were 41 kinds of commodities rising annually in the chemical sector, 11 of which increased by more than 5%, accounting for 13.1% of the monitored commodities in the sector; the first three commodities were hydrochloric acid (157.14%), caustic soda (18.47%) and acetone (13.86%). There are 17 kinds of commodities with a decline of more than 5%, accounting for 1.2% of the monitored commodities in this sector. The products with the first three declines are dichloromethane (-5.19%), trichloromethane (-4.17%) and sulfuric acid (-2.98%).
3. Future Market Forecast
Business Club methane chloride data analysts believe that the current market for trichloromethane has just been in poor demand, affected by the National Day, logistics and transportation constraints in North China affect enterprise shipments, TRADERS’stock intention is not high, and anticipate a short-term decline in the volatility of the trichloromethane market.