Chloromethane Price Trend and Forecast

Regional Price Overview

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 2023

During H2 of 2023, in Aisa, the chloromethane prices initially remained robust due to limited supply but later faced challenges from poor raw material costs and supply-demand pressures, prompting manufacturers to reduce prices. Further, the momentum of the market benefitted from the maintenance shutdowns in the first half of the quarter, which impacted production.

Chloromethane Price Chart

Chloromethane Price Trends

Please Login or Subscribe to Access the Chloromethane Price Chart Data
 

During this phase, the consistency in the procurement rates from refrigeration industries also supported the market conditions, but the dynamics overturned in the later months. The slowdown in industrial activities due to the winter holiday season elevated the inventories and reduced the quoted prices of chloromethane.

In Europe, chemical synthesis giants cut their workforce amid a market recession, leading to revenue losses and reduced chloromethane prices due to soaring energy costs and restricted raw material supply from Russia. North America also saw chloromethane prices decline in Q4 2023 after peaking in Q3, with minimal consumer inquiry and increased inventories. Turmoil in natural gas and crude oil prices lowered production costs, leading manufacturers to offer lower prices. Struggles at the Panama Canal port further increased inventory levels, contributing to downward price trends.

Analyst Insight

According to Procurement Resource, the price trend of Chloromethane is expected to struggle in the immediate quarters as the manufacturers and traders struggle to find a way to diversify the trading routes amid the disruption of traditional ones.

Chloromethane Price Trend for the First Half of 2023

Chloromethane is primarily produced by methanol and hydrochloric acid, so the prices are dependent on these feedstock materials. Chloromethane was a popular refrigerant but was replaced later because of its high CFC emissions causing global warming, but it is still consumed by various silicones, agrochemicals, chemicals, and pharma industries.

During H1’23, Chloromethane mostly observed fluctuating price trend, with prices wavering at the lower end because of reduced downstream demands. In China, the month of March witnessed a spike as the inventories tumbled, but the decreased offtakes dominated the market otherwise. Similarly, in Europe and the USA, the second quarter witnessed some momentary correction, but overall, Chloromethane prices remained in a slump throughout.

Analyst Insight

According to Procurement Resource, the market projections continue to be disappointing for Chloromethane, with no major improvements in sight in the upcoming months.

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 trend 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 trend in both Asian and American markets.

Analyst Insight

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 trend 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.

Platform Sample

Please Login or Subscribe to explore our dashboard.

About

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.

Product Details

Report Features Details
Product Name Chloromethane
Industrial Uses Silicones, Agriculture Chemicals, Pharmaceutical, Chemical Intermediate, Personal Care
Chemical Formula CH3Cl
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.

Production Processes

  • Chloromethane Production from Methanol

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.

Methodology

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).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Related News

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.