Chloroform Price Trend and Forecast

Chloroform Regional Price Overview

Get the latest insights on price movement and trend analysis of Chloroform in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Chloroform Price Trend for the Q3 of 2024

Product	Category	Region	Price	Time Period
Chloroform	Chemicals	China	387 USD/MT	July’24
Chloroform	Chemicals	China	315 USD/MT	September’24

Stay updated with the latest Chloroform prices, historical data, and tailored regional analysis
 

Asia

The price of chloroform in the Chinese domestic market exhibited a declining trend during the discussed quarter. The falling prices of chemicals like acetone and chloromethane affected this trend heavily. The fall in crude oil prices given the current volatilities in the world economy negatively impacted the petrochemical and allied sectors.
 

Chloroform Price Chart

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Although, the buyers/ traders wanted to give new orders but were hesitant given the weak market dynamics. In the Chinese market, the prices of Chloroform went from around 387 USD/MT (spot FD) in July’24 to around 315 USD/MT in September’24.

Europe

In the European market, chloroform prices followed a downward trajectory during Q3 2024. The decline was primarily driven by falling feedstock prices. The fragile economic conditions in the region led to reduced demand from key end-use industries such as pharmaceuticals and agrochemicals. This combination of lower production costs and weak market demand put significant downward pressure on chloroform prices throughout the quarter.

North America

The US domestic chloroform market experienced a similar declining trend in the third quarter of 2024. Prices fell steadily as the market grappled with oversupply and subdued demand. The downward pressure on feedstock prices contributed to lower production costs. Simultaneously, demand from major downstream sectors like pharmaceuticals and industrial solvents remained sluggish, further exacerbating the bearish market sentiment.

Analyst Insight

According to Procurement Resource, Chloroform prices are expected to remain under pressure in the coming months. The oversupply situation coupled with tepid demand amidst ongoing economic uncertainties will likely impact the market fundamentals.
 

Chloroform Price Trend for the Q2 of 2024

Asia

In the Asian countries, the second quarter witnessed modest growth in the pricing trajectory of chloroform. In China, particularly, this trend was initially supported by the surge in stocking by the downstream industries, such as pharmaceutical and refrigerant, ahead of the spring festival season. However, even after the conclusion of the festivities, the prices remained in the northward direction.

The supply chains, on the other hand, remained constrained under the pressure of escalating freight charges and limited production rates. This decline in production rates was a consequence of the scheduled maintenance shutdown of several production plants. Meanwhile, the rising geopolitical tension increased the lead times and exerted additional pressure on the chloroform supply chains.

Europe

The European pricing trajectory of chloroform moved opposite to what was observed in the Asian countries as the several drivers of the market offered only meek support. Among these factors, the price trend of chloroform was majorly affected by excessive rise in inventories, frail trading, and weak demand from the downstream industries.

As these factors exerted a negative influence on the procurement rates, the manufacturers, towards the end of the quarter, were compelled to cut down their production rates in order to stabilize the market trend. Meanwhile, the market also bore the pressure of persistent high rates of interest which in turn limited the burrowing capacity of the market and eventually pushed the market in the southward direction.

North America

As the second quarter of the year 2024 commenced, the North American market of chloroform adopted a stable stance despite significant oscillations in the market momentum of its drivers. This stagnant trend of the market was based on a substantial supply of the commodity and moderate demand from the downstream industries. Initially, there was a slight imbalance in the supply and demand sectors of the market as the reduction in new orders and pace-up production rates widened the supply-demand gap of the market. However, as the quarter progressed, the number of inquiries from the refrigerant sector improved and led to a sustained pace of the market.

Analyst Insight

According to Procurement Resource, the price of Chloroform is estimated to be driven by rising demand from the downstream industries and supply chain bottlenecks being observed in the global trading patterns.
 

Chloroform Price Trend for the Q1 of 2024

Product	Category	Region	Price	Time Period
Chloroform	Chemicals	India	298 USD/MT	January’24
Chloroform	Chemicals	India	383 USD/MT	March’24
Chloroform	Chemicals	USA	USD 600/MT	March 2024
Chloroform	Chemicals	Europe	USD 800/MT	March 2024

Stay updated with the latest Chloroform prices, historical data, and tailored regional analysis
 

Asia

Chloroform gave a pretty optimistic performance in the Asian market during the given span of Q1 2024. The chemical and pharma industries were responding positively with regular and steady chloroform demands. The beginning was a little slow, but these downstream sectors picked up quickly. In the Chinese domestic chloroform market, the monthly average spot prices stood at around 298 USD/MT in January’24. After a splendid performance in the previous quarter, these prices were a result of slight downward wavering from the past month. However, as time progressed, the course of price movement changed again.

With rising process and manufacturing costs, the suppliers were forced to raise the prices—inventories, too, needed replenishment by this time. As a result of attaining a robust incline, the Chinese monthly average spot prices for chloroform reached about 383 USD/MT in March’24. Overall, an impressive market performance was experienced throughout the said period.

Europe

In the European markets, the supply and demand trajectory was a little similar to the Asian market. However, the geopolitical disturbances in the region had a more significant role to play. The ongoing Russia-Ukraine war had serious economic repercussions on the region.

The purchasing power and consumer mindset both witnessed a fundamental shift. Amidst this, the Ukrainian missiles attacked Russian refineries, and because of that, the Russian oil supplies plummeted by approx. 7%. With this, the energy and manufacturing costs increased massively. The euro depreciated against the US Dollar, which further curtailed the purchasing capacity. This way, the chloroform market got riddled with conflicting market drivers. Overall, mixed market sentiments were witnessed in Q1’24.

North America

Chloroform prices in the North American markets remained anchored for the most period of Q1’24. Demands were quite low here, but the trade hurdles because of other reasons were affecting the market. Global trade was witnessing a freight crisis. Shipping was becoming increasingly difficult in the Red Sea every passing day. As a result, the processing costs for products skyrocketed and the trade became very centered around the domestic market only. International orders were sinking; hence, the chloroform prices remained tugged and consolidated for the majority of the said period.

Analyst Insight

According to Procurement Resource, chloroform prices are expected to waver within a limited range in the coming months. As per regional trade parameters, the prices won’t exude much change.
 

Chloroform Price Trend for the October - December of 2023

Asia

In Asian countries, chloroform prices initially remained strong due to the limited supply of the product. However, in the later stages, the chloroform price trend faced challenges of poor cost of raw materials and increased pressure on supply and demand. The manufacturers had to reduce their factory prices, causing a decline in overall market sentiment. On the production side, many of the manufacturing plants in the first half of the quarter went under maintenance but in the second half, rates gradually increased. Additionally, the weak rates of procurement from the refrigeration industries also had a major negative influence on the chloroform market.

Europe

During the fourth quarter, it was reported that some of the industrial giants in the field of chemical synthesis had to cut their workforce as a recession-like situation arose in the market. The majority of industries registered significant losses in their revenues as the number of sales hit a new low. The manufacturers quoted that the excessive rise in the cost of energy and restricted supply of raw materials from Russia had adverse implications on the overall European markets, and thus, the traders had to reduce their chloroform prices.

North America

The graph of chloroform prices took a downward toll in the last quarter of 2023 after achieving a significant peak during the third quarter. Consumer inquiry about the product remained minimal as compared to the excessively rising level of inventories. The manufacturers also noted that the sudden turmoil in the natural gas and crude oil prices decreased the cost of production by a huge margin, and as a result, they quoted a lower price for chloroform. Additionally, the struggles at the Panama Canal port over export rates further only boosted the inventory levels and pushed the chloroform price trend towards a lower end of the spectra.

Analyst Insight

According to Procurement Resource, the price trend of Chloroform are likely to imitate the demand rate from the end-user pharmaceutical and solvent industries.
 

Chloroform Price Trend for the July - September of 2023

Asia

In Asian countries, the price trend of chloroform took a bearish turn as the market momentum slowed down. This stagnancy in the market dynamics resulted in a lower number of offtakes of chloroform and thus contributed to its poor demand scenario. However, the dynamics changed in the end months of this quarter as the chloroform prices surged on account of the increasing cost of feedstock materials such as methanol and liquid chlorine.

This is indicative in the quantitative figures, too, as in September, the chloroform price trend surged to approximately 352 USD/MT (Spot, FD) from 269 USD/MT (Spot, FD) in July. In this upward journey, the improving situation of the downstream industries and positive trading activities also played a significant role.

Europe

The price trend of chloroform in European countries remained sluggish throughout the third quarter. The limited number of offtakes and falling cost of feedstock materials hoped the major share in keeping the prices of chloroform in the negative zone. The chloroform price graph also suffered from the weak fundamentals of the European economy and increasing stockpiles of the product, hurting the overall trading activities and ultimately resulting in the downfall of the chloroform prices.

North America

The performance and, in turn, rates of procurement from the downstream industries followed a bearish trend in Q3 of 2023. Throughout this quarter, the manufacturers and traders were stressed out with below-the-par purchasing by the consumer sector and the plunging condition of the economy of North America. The chloroform price trend showed some signs of recovery towards the end of this quarter, but the doom of excess influx of material and muted demand resulted in the decline in the chloroform price trajectory.

Analyst Insight

According to Procurement Resource, the price trend of Chloroform are estimated to follow a bearish trend as its demand from the downstream industries does not seem to improve in the upcoming months.
 

Chloroform Price Trend for the First Half of 2023

Asia

The price trend of chloroform slipped in the first and second quarters of 2023 as the rising level of inventories was challenged by the falling demand dynamics of domestic and international buyers. However, after an initial dip in the first quarter, the trend showed some positive movement with the revival of trading activities. This trajectory was only limited to the first quarter, as the price trend of chloroform suffered from fluctuating market activities and limited exports to other nations. A major hit was observed in the refrigerant industry, due to which the downstream market moved slowly throughout the second quarter.

Europe

In European countries, the first quarter saw some recovery in the price trend of chloroform as the market activities of the downstream industries improved. The falling level of inventories and high demand helped the price trend of chloroform to grow. However, the second quarter did not follow this trajectory as the price trend was challenged by the fluctuating cost of raw materials along with subdued demand from the refrigerant industries. The export rates were also moderate, and thus, the price trend of chloroform faced southwards in the second quarter of 2023.

North America

In the first and second quarters, the market of chloroform was adversely affected by the high level of inventories, while the export to Asian and Mexican markets showcased feeble movements. In addition to this, the prices of feedstock materials also remained bearish throughout the first and second quarters of 2023. The economic conditions of the North American region also failed to support the price trend of chloroform, and due to that, the traders were forced to sell their produce at lower rates, which eventually led to the fall in the price trend of chloroform.

Analyst Insight

According to Procurement Resource, the price trend of Chloroform is estimated to depict a downward trajectory. The market activities of chloroform will be majorly guided by the demand from the downstream industries and the price trend of its feedstocks.
 

Chloroform Price Trend for the Second Half of 2022

Asia

In the first and second months of the third quarter, the price trend of chloroform slid in the Asia Pacific market as the rates of production surpassed the demand, putting the chloroform market under huge stress. The purchasing appetite of consumers also remained weak throughout the quarter furt, hindering the progress of the chloroform price trend. A similar trend was seen during the initial months of the fourth quarter. However, towards the end of Q4, the supply of chloroform became restricted and increased downstream demand supported the rise in chloroform prices.

Europe

The chloroform prices declined in the third quarter of 2022 as the supply chains were strong amid the weak demand for chloroform in the market. In addition to this, the cost of raw materials and the slow movement of the solvent industries also exerted a negative effect on the price trend of chloroform. However, in the fourth quarter, the market dynamics improved with a rise in demand and a significant incline in the cost of energy production. The level of inventories and overall supply of chloroform was weak and not enough to curb the demand from the end-user industries, which supported the positive incline in the price trend of chloroform.

North America

In the third quarter of 2023, the price trend of chloroform was volatile due to the fluctuating market dynamics of the North American region. The demand for chloroform and its derived products was strong, but the rising inflation came to be a problem for the price trend of chloroform.

In the fourth quarter, the chloroform market gained its required momentum initially as the procurement from the overseas market inclined, but in the subsequent months, the demand took a downward turn. In addition to this, the price trend was also affected by the rising pressure of inflation and recession, which caused the prices of chloroform to dip in the North American region.

Analyst Insight

According to Procurement Resource, the price trend of Chloroform is estimated to decline as the weak trading fundamentals and feeble cost support from feedstock prices will affect the market of chloroform negatively.
 

Chloroform Price Trend For the Second Quarter of 2022

Asia

As the Chinese government announced restrictions, the price of chloroform declined rapidly and only stabilized towards the end of the said quarter. Towards the end of June, the government lifted the covid restrictions breathing new life into the market.

Despite the renewed production, the prices remained weak because of the uncertainties in the market amidst supply chain issues. Chloroform price per ton dipped from 5625 RMB in April to 3120.83 RMB in June 2022. The price trend for the chemical consolidated towards the end of this quarter at 2887.50 RMB/MT.

Europe

Compared to Asia, the prices in the European Union rocketed due to the ongoing Russia-Ukraine confrontation. Amid the inflated crude oil and freight prices, the price of important feedstock like methanol increased. Methanol futures were announced at around 555 EUR/MT.

North America

In line with the European trend, the cost in the US domestic market remained strong. The futures of feedstock methanol were traded at around 605 USD/MT.
 

Chloroform Price Trend  For the First Quarter of 2022

Asia

In February 2022, the chloroform prices in China dipped to 729 USD/MT FOB Qingdao and 735 USD/MT Spot Ex-Qingdao. In January, chloroform prices had been recorded at 745 USD/MT and had since declined by 1.75% in the following month.

The downstream market of chlorine suffered due to the rise in covid cases which affected the demand dynamics in the region along with other factors like logistical issues caused by the clogging of Yangtze River. Trading activities in the region were affected by the lockdowns as the omicron variant spread.
 

Chloroform Price Trend For the Fourth Quarter of 2021

Asia

In Q4, demand was high in the first half and then fell in the second half. Chloroform prices in India decreased towards the end of the year, reaching CFR JNPT levels of 752 USD/MT.

The market had been performing well since the beginning of the winter season, with only a few R-22 manufacturing inquiries. Sharp drops in both essential raw materials, chlorine and methanol, due to plentiful availability in domestic markets were the key supports of the price trend. The drop in market prices has been aided by lower upstream energy tariffs.

Prices were found to be high in comparison to previous quarters, with low demand from downstream businesses. In China, chloroform prices peaked on October 29th, lingering about 996-1006 USD/MT FOB Qingdao due to strong demand, before dropping to 590 USD/MT FOB Qingdao towards the end of the quarter.

North America

In October, the price in the United States increased due to an increase in the price of feedstocks; crude oil and chlorine. Towards the end of the month, the price was noted to be 590 USD/MT Ex-Texas. The growth in demand and optimistic demand from downstream solvent industries boosted exports from the United States to Mexico and other Asian countries.

In November, the price increased even more due to limited supplies on the market, causing a surge in demand for the new one. The chloroform market in the United States was behind at the end of the year, in the last week, due to the New Year break, which slowed down petrochemical trading and made the market uninteresting. Chloroform prices were reported to be 690 USD/MT ex-Texas in December.

Europe

Due to a shortage of the raw ingredient chlorine in Europe, chloroform prices remained influenced in Q4. Chlorine availability in Europe remained limited due to a drop in caustic soda operating rates as a result of high energy costs and an environmental crisis affecting its manufacturing.

Vinnolit's caustic soda plant's force majeure also slowed the availability of its chlorine in the first half of the quarter, which ended in December. Despite the fact that accessibility began to improve by late November with the restart of plant activities, prices remained high due to high energy expenses. Chloroform prices in Germany were observed to be 870 USD/MT FOB Hamburg at the end of the year.
 

Chloroform Price Trend For First, Second and Third Quarters of 2021

Asia

Due to constrained supply in the Northeast Asian region due to a drop in corporate load and low inventory levels, the chloroform market pricing trend in the Asia Pacific region surged substantially. The supply shortage was exacerbated by the industrial unit's reduced throughput during the Chinese lunar New Year holidays.

In mid-March, the Jinling facility in China's Shandong province claimed a 20-day turnaround. Chloroform prices climbed substantially during the Chinese Lunar New Year Holidays, owing to higher pricing for major feedstocks Methanol and Liquid Chlorine, as well as a jump in downstream refrigerant demand due to the forthcoming peak season.

In the Asia Pacific area, the market saw an uptick in Q3 2021, owing to rising feedstock prices of chlorine and methane, as well as sustained demand from end-user industries. Chloroform prices in India surged in the first quarter, rising to 555.69 USD/MT from 519.09 USD/MT, the highest increase since the beginning of the year.

The optimistic realisations of natural gas in the face of a slew of production delays and skyrocketing freight charges along various trade routes connecting Asia contributed significantly to the remarkable upward increase. In September, however, a minor dip in the value of chloroform was accompanied by a gradual easing in trading activity.

North America

During the first quarter of 2021, the North American regional market was severely disrupted, as low availability of critical feedstocks resulted in reduced the production across the area.

The industrial infrastructure in Texas and the surrounding Gulf region failed because it couldn't withstand the sub-zero temperatures brought on by the polar winter storm. Methanol and liquid chlorine prices skyrocketed, which had a comparable impact on the chemical’s pricing. The downstream refrigerant and pharmaceutical industries saw a spike in demand. In the third quarter of 2021, the market in North America displayed mixed sentiments.

The prices were stable at the start of the quarter due to plentiful supply, but a minor increase was noticed in the second half when the Ida hurricane damaged the region's supply chain. Furthermore, a considerable increase in demand from the end-user refrigerant and solvent market, along with a limited supply of feedstock chlorine, resulted in an increase in pricing in the US.

Europe

Due to production difficulties in the Northwest European region, the European chloroform market was still impacted in the first quarter of 2021. The lack of essential feedstocks was caused by transportation delays and limited imports from the United States.

INOVYN scheduled a planned turnaround in March, while Olin's factory in Stade, Germany, was on a planned turnaround in H1 of the quarter. The demand outlook improved as a result of plentiful offtakes from several downstream areas. During Q3 of 2021, the overall price trend of chloroform in Europe remained robust due to constrained supplies as a result of congestion at many Chinese ports.

In addition, rising raw material prices and high import rates due to high freight charges, as well as logistical challenges, resulted in an increase in the price of chloroform in Q3. However, despite the forthcoming low demand season, demand from the downstream refrigerant market remained weak.
 

Chloroform Price Trend For the Year 2020

Asia

Chloroform prices in China in January 2020 was 288 USD/MT, 225 USD/MT in May, 278 USD/MT in September, 284 USD/MT in October. By the end of quarter 4, the price had risen to 582 USD/MT. By the end of Q3, the supply in Asia had stretched as Chinese inventories had risen by the end of Q2, making it difficult for producers to manage production levels.

After a period of stagnation, price discussions in Northeast Asia progressively picked up. Across Asia, supply looked to meet market expectations. Rising feedstock costs backed the price hikes. CFR India prices were around 385 USD/MT in late September, in line with the regional trend.

North America

There was a demand seen in the pharmaceuticals sector at the end of the year for extracting antibiotics, flavors, and vitamins. The US and Canada represented the largest share of the market in the region during 2020. There was seen a rising focus in medical research and the pharmaceuticals sector. The market price was recorded at 670 USD/MT.

Europe

In Q3 2020, the supply resumed its upward trend. As KEM ONE's Methylene Chloride unit in Lavera, France, reopened after a maintenance shutdown in Q2, production margins improved. The pharmaceutical industry's demand for chloroform as a solvent had been increasing. Players were concerned after lockdowns in some European countries were extended due to fears of a second coronavirus outbreak.

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