Chloroform Prices

Chloroform Prices June 2024

The chloroform prices in the United States for Q2 2024 reached 550 USD/MT in June. The prices were stable as high supply levels and moderate demand influenced market dynamics. It was essential to prioritize selling inventory at reasonable prices because of steady methanol costs, allowing for flexibility in adjusting expenses. The pricing outlook for chloroform was influenced by seasonal demand factors, resulting in a subdued market sentiment.

The prices for chloroform in Japan for Q2 2024 reached at 535 USD/MT in June. The market saw a positive price trend, supported by high employment in the refrigerant and maintenance sectors. Despite broader regional supply constraints, strategic production adjustments helped meet demand, reflecting a firm market sentiment. Seasonal activity in Japan’s cooling sectors further intensified pricing strength, underscoring an optimistic pricing environment for the quarter.

In Germany, the chloroform prices for Q2 2024 reached 780 USD/MT in June. The country faced a challenging quarter, with abundant supply and decreasing need dampening the overall market sentiment. Reduced trading activity and minimal seasonal coolant demand contributed to a stagnant environment. Persistent downward pressures shaped the market’s negative outlook as inventory concerns dominated the quarter.

Chloroform Prices December 2023

The last quarter of 2023 saw a mixed performance for the USA's chloroform price trends. Initially, prices remained steady due to the stability in supply/demand equilibrium. Later, the country experienced a surge in chloroform prices, owing to the elevating demand from refrigerant industries, expanding trading market, and supply disruption. In December, the chloroform prices in the United States reached 586 USD/MT.

The price trend for chloroform in South Korea declined in the last month of Q4 because of diminished product demand and a weak trading market. Prices also declined in comparison to the previous quarter, falling to 424 USD/MT.

Regional Coverage

The report provides a detailed analysis of the chloroform market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the chloroform price trend.

Global Chloroform Price

The report offers a holistic view of the global chloroform pricing trends in the form of chloroform price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of chloroform but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed chloroform demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Chloroform Price

Q2 2024:

During the second quarter of 2024, the chloroform market in Europe faced a downturn because of high supply levels and a reduction in the need from key downstream industries like refrigerants. This ample supply led domestic producers to reduce manufacturing to manage their inventory effectively. Sluggish trading, coupled with soft spot pricing in the methanol market, contributed to a challenging trading atmosphere. Germany experienced one of the sharpest declines, with typical seasonal requirement for coolants not materializing, resulting in weak market sentiment. The overall European market continued to navigate a period of bearishness, with downward pressures prevailing throughout the quarter as suppliers faced subdued demand and minimal purchasing activity.

Q4 2023:

In the last quarter of 2023, Europe saw a consistent increase in the price trends of chloroform because of restricted product supply and high demand from downstream refrigerant companies. Moreover, the increasing purchase of chloroform and low stock availability led to its continued hike in prices across the region.

This analysis can be extended to include detailed chloroform price information for a comprehensive list of countries.

North America Chloroform Price

Q2 2024:

In the second quarter of 2024, the North American chloroform market experienced relative stability because of sufficient supply and moderate need dynamics. A robust inventory situation, combined with lower orders in downstream industries, such as refrigerants and pharmaceuticals, established a competitive landscape in which suppliers needed to modify pricing tactics to sell off surplus inventory. The steadiness of methanol expenses further resulted in lowering production expenses, enabling chloroform sellers to remain flexible with prices. Seasonal patterns, especially the reduced refrigerant need in hotter times, applied downward pressure on costs. This soft pricing sentiment, alongside abundant supplies and moderated demand, reflects a challenging environment for chloroform stakeholders in North America as the market attempts to adjust to shifting supply and demand balances.

Q4 2023:

In North America, the chloroform market witnessed a mixed trajectory in chloroform prices. The low supply of regional products, which encouraged chlor alkali manufacturers to expand their production, contributed to the subdued demand. However, the increasing demand for chloroform from end-use industries, like refrigerants, and the low supply boosted the market price.

Specific chloroform historical data within the United States and Canada can also be provided.

Middle East and Africa Chloroform Price

The report explores the chloroform pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on chloroform prices for countries can also be provided.

Asia Pacific Chloroform Price

Q2 2024:

In Q2 2024, chloroform prices in the Asia Pacific region saw an upward trend because of the high employment in the pharmaceutical and refrigerant sectors. Supply chain disturbances like container shortages and high freight costs added pressure, pushing prices upward across the region. Japan, in particular, experienced notable price shifts, with seasonal utilization from the refrigerant sector and maintenance activities contributing to higher interest in bulk purchases. Strategic production adjustments by manufacturers to balance supply with demand have helped sustain this upward momentum, creating a positive pricing sentiment across the region.

Q4 2023:

Chloroform pricing in the Asia Pacific region experienced a declining trend due to limited purchases of the product from the Chinese market and high supply levels. In addition, the bearish market sentiments and weakened trading activities in the region contributed to the subdued price of chloroform.

This chloroform price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Chloroform Price

The analysis of chloroform prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Chloroform Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Chloroform Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of chloroform pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of chloroform at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chloroform price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing chloroform price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Chloroform Market Analysis

The global chloroform market size reached US$ 7.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 10.1 Billion, at a projected CAGR of 3.60% during 2023-2032.

• The expanding pharmaceutical sector drives the demand for chloroform as a solvent and in the production of fluorocarbons used in inhalation anesthetics. For instance, the Indian pharmaceutical sector is set to reach US$163.1 billion by 2032, with a growth rate of 12.3% annually. Also, in 2022, North America accounted for 52.3% of world pharmaceutical sales compared with 22.4% for Europe. 
• The chloroform demand is further amplified by its utilization in the synthesis of pesticides and herbicides for agrochemicals to support agricultural productivity and food security. The market for agrochemicals is projected to reach US$ 390.0 Billion by 2032, resulting in a higher demand for chloroform. Also, the growing population is increasing the pressure on the agricultural sector to produce more yields. The global population reached 8.0 bn in November 2022 from an estimated 2.5 billion people in 1950. It added 1 billion people since 2010 and 2 billion since 1998. It is also estimated to increase by nearly 2 bn persons in the next 30 years and could peak at nearly 10.4 bn in the mid-2080s. 
• In addition, chloroform production is showing an upward trajectory as a result of its increasing use in the manufacture of refrigerant gases, such as hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs). According to IMARC Group, the refrigerant industry is expected to grow at a rate of 7.5% during 2024 and 2032. Also, the European market witnessed a surge in the consumption of hydrocarbon refrigerants, growing at a rate of 6.6 annually. Moreover, the United States Environmental Protection Agency recorded that there was an increase of more than 40 percent in the total volume of HFCs reclaimed compared to the previous year, indicating the growing demand for refrigerant gases.
• A positive trend is also being created by the increased investment in research and development (R&D) across the chemical and pharmaceutical sectors which utilize chloroform as a reagent and solvent in various research applications. The market size of the chemicals and petrochemicals sector in India is around $215 Bn and is expected to grow to $300 Bn by 2025, boosting the adoption of chloroform in the forthcoming years.

Chloroform News

The report covers the latest developments, updates, and trends impacting the global chloroform market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in chloroform production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the chloroform price trend.

Latest developments in the chloroform industry:

• In October 2022, Olin Corporation announced that methylene chloride and chloroform production at its Stade, Germany facility would cease by the third quarter of 2023. However, the company will continue to produce the products at its Freeport, Texas facility.
• In August 2020, the European Chemical Industry Council (CEFIC) announced the expansion of its activities with a new sector group addressing chloroformates. The new safety and advocacy-driven chloroformates cluster will advance authority understanding and worker safety on this class of toxic and reactive chemical substances used as intermediates in the manufacture of various fine chemicals and as reagents in plastic production. The group is composed of BASF, Framochem/ Vandemark and Saltigo GmbH (LANXESS AG).

Product Description

Chloroform is a colorless and dense liquid with a slightly sweet odor. It is recognized for its role as an anesthetic, solvent, and reagent in various applications. Chloroform is composed of carbon, hydrogen, and chlorine and is produced through the chlorination of methane or chloromethane. It boasts several distinctive properties, including high volatility, the ability to dissolve many organic compounds, and a relatively high boiling point of 61.2°C.

Chloroform finds extensive applications across different fields, including pharmaceuticals, spectrophotometry, biological sciences, antibiotics and vitamins, veterinary medicine, fire extinguishers, the rubber industry, electronics, forensic science, and the automotive industry. It is known for its effectiveness as a solvent, its role in facilitating various chemical reactions, its utility in preserving biological specimens, enhancing the extraction and purification processes of natural products, and its role in anesthesia.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of chloroform pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting chloroform price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The chloroform price charts ensure our clients remain at the forefront of the industry.