Get the latest insights on price movement and trend analysis of Chloromethane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Chloromethane Price Trend for the Second Half of 2022
Chloromethane had a very oscillating price trend in H2 2022. At the beginning of Q3 Chinese market registered a downhill trend, but as economic activities resumed with the removal of lockdown restrictions, the chloromethane price trends took a short-lived upturn. However, things quickly turned south as demand destruction took over the production quantity and costs. Little to no offtakes in Q4 led to the crashing of prices, which eventually plateaued by the year-end.
Contrary to the Chinese market European market witnessed a surge in chloromethane prices. The upstream situation here remained strangled, with energy constraints and freight disturbances. However, the price patterns underwent occasional fluctuations as the demand dampened and prices of raw materials suffered. But overall, the chloromethane prices in the European markets kept higher than their Asian and US counterpart.
While the American market behaved similarly to the Asian market. Ample supplies and lowered demands kept the market sentiment dull. After a flattened curve for a couple of months, chloromethane prices in the American market fell sharply around the final quarter of the year. Dampened demand remained the major reason for the declining trends in both Asian and American markets.
According to Procurement Resource, Chloromethane prices are expected to continue the downward journey, as market demand doesn’t seem to be picking up anytime soon. Existing inventories can support the existing demands, so prices are not expected to rise substantially.
Chloromethane Price Trend For the First Half of 2022
The domestic chloromethane market was high for a long time, and domestic prices in 2022 were significantly higher than in the previous decade. However, following a significant increase in domestic supply in May, the market began to show a clear downward trend and entered a continuous low channel.
In May, the average price of Chloromethane (methyl chloride) in Shandong, China, was 4,307 RMB/MT, a decrease of 346RMB/MT, or 7.44%, from the previous month. The price trends for Chloromethane continued the downward trend and averaged 3750 RMB/MT towards the end of said period.
Average chloromethane prices in the final quarter of 2021 was 1140 USD/MT. A considerable share of the chloromethane produced is used to make chemical intermediates such as methyl chlorosilanes. Silicone fluids are manufactured using these methyl chlorosilanes.
Silicone fluids derived from chloromethane are utilised in a variety of products, including antifoaming agents, releasing agents, and light-duty lubricants, as well as speciality chemicals for consumer goods (cosmetics, furniture polishes, auto polishes, and paper coatings). The market for chloromethane has been rising in nations like China, India, Japan, and South Korea, owing to rising demand from various end-user industries.
Procurement Resource provides latest prices of Chloromethane. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Chloromethane is an organic molecule which is commonly known as methyl chloride, Refrigerant-40, R-40, or HCC 40. It is a colorless, odorless, and combustible gas that belongs to the haloalkane. Although it is rarely seen in consumer items, methyl chloride is an important reagent in industrial chemistry and was once used as a refrigerant.
|Industrial Uses||Silicones, Agriculture Chemicals, Pharmaceutical, Chemical Intermediate, Personal Care|
|Synonyms||Chloromethane, Refrigerant-40, R-40, Methyl chloride, Monochloromethane|
|Molecular Weight||50.49 g/mol|
|Supplier Database||Occidental Petroleum Corporation, AGC Chemicals, KEM ONE, Gujarat Alkalies and Chemical Limited, Nouryon|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Chloromethane is commercially generated by processing methanol with hydrochloric acid or hydrogen chloride, by processing a combination of methane and chlorine at high temperatures, a lower quantity of chloromethane is created.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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