The prices of Chloroform witnessed a slight uptick in latter half of June **** after a continuous trend of stability in the market. The demand sentiments improved slightly from agrochemical sector and pharmaceutical sector leading to a slight upward trend in the market. Additionally, supply remain stable and steady backing the current price trend.
At the end of June ****, U.S. chloroform supply continued to be in equilibrium as manufacturers continued to run at consistent rates to satisfy local demand, most notably in the pharmaceutical and agrochemical industries. The prices increased by *.**, reaching USD ***/MT FOB Texas indicating a slight misbalance in supply and demand dynamics. Reducing natural gas prices alleviated the cost of production through decreased energy input costs and the indirect lowering of feedstock charges for chlorine and methanol, which are critical during the chlorination-facilitated production of chloroform. Nevertheless, supply levels...
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