Chloromethane price April 2024 and outlook (see chart below)
- Northeast Asia:US$0.58/KG, 1.8% up
- Europe:US$0.91/KG, unchanged
- North America:US$0.41/KG, unchanged
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.
Chloromethane price index
This post is a summary of the Chloromethane price developments. The price developments of Chloromethane are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Chloromethane price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Chloromethane prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Chloromethane prices
- Recent price developments of underlying feedstocks which drive the price of Chloromethane
- Market futures for both cost drives and feedstocks of Chloromethane prices
- Adjustment of current supply/demand imbalances in the Chloromethane market
- Longer term trends in likely demand conditions
Further information on the Chloromethane price index
What is Chloromethane
Chloromethane, also known as methyl chloride, is a colorless, flammable gas with a sweet, ether-like odor. It is used as a solvent and as a refrigerant in air conditioning and refrigeration systems. Chloromethane is also used in the production of a variety of chemicals, including silicone polymers, pharmaceuticals, and dyes.
Chloromethane is highly toxic and can be harmful if inhaled. It can cause dizziness, headaches, and unconsciousness at high concentrations, and long-term exposure can damage the liver and kidneys. Chloromethane is classified as a hazardous air pollutant by the US Environmental Protection Agency (EPA) and is regulated under the Clean Air Act.
How is Chloromethane produced
There are several ways to produce chloromethane, including:
From methanol
Chloromethane can be produced by reacting methanol with hydrochloric acid or by passing methanol vapor over a bed of hot, dehydrated zinc chloride.
From methane
Chloromethane can be produced by reacting methane with chlorine gas. This reaction is typically carried out at high temperatures and pressures, using a catalyst such as aluminum chloride.
From carbon monoxide and hydrogen
Chloromethane can also be produced by reacting carbon monoxide and hydrogen in the presence of a catalyst, such as nickel or palladium. This process, called the “Fischer-Tropsch process,” is used to produce a variety of chemicals, including chloromethane.
From chlorinated hydrocarbons
Chloromethane can be produced by reacting chlorinated hydrocarbons, such as chloroform, with hydrogen gas in the presence of a catalyst.
Regardless of the method used to produce chloromethane, the resulting product is typically purified to remove impurities before it is used in a specific application.
What is Chloromethane used for
Chloromethane has a number of uses, including:
Refrigerant
Chloromethane is used as a refrigerant in some refrigeration and air conditioning systems.
Solvent
Chloromethane is a solvent for many organic compounds, and it is used in the production of some pesticides and pharmaceuticals.
Chemical intermediate
Chloromethane is used as a starting material in the production of other chemicals, including methylene di-p-phenylene isocyanate (MDI), which is used to make polyurethane foam.
Aerosol propellant
Chloromethane is used as a propellant in some aerosol products, such as hairspray and insect spray.
How big is the Chloromethane market
It is difficult to determine the size of the chloromethane market, as data on the production and consumption of this chemical is not widely available. Chloromethane is a specialty chemical, and it is not produced or consumed in large quantities compared to some other chemicals.
In the United States, the production of chloromethane was estimated to be around 20 million pounds per year in the early 2000s, according to the US Environmental Protection Agency (EPA). However, it is worth noting that this figure may not be representative of the global market for chloromethane.
Chloromethane is used in a number of different industries, including the refrigeration and air conditioning, chemical, and pharmaceutical industries. It is also used as a solvent and as a starting material in the production of other chemicals. The demand for chloromethane may fluctuate depending on economic and market conditions in these industries.
According to https://oec.world/ :
Chloromethane and chloroethane are the world’s 4036th most traded product.
In 2020, the top exporters of Chloromethane and chloroethane were Germany ($65.4M), China ($9.15M), United States ($6.58M), Netherlands ($5.97M), and France ($3.37M).
In 2020, the top importers of Chloromethane and chloroethane were United Kingdom ($16.6M), France ($16.2M), Belgium ($10.2M), Italy ($9.44M), and Sweden ($8.67M).
Further information
- Wikipedia for general, history, production and usage information
- PubChem for chemistry and property information
Business Analytiq
BE THE FIRST TO SEE RISK AND OPPORTUNITY!
BusinessAnalytiq provides unlimited market trend data and an online tools to track market developments, key benchmarks & leading indicators.
BusinessAnalytiq leads to price visibility, better negotiations, easier budgeting and forecasting, lower raw material prices, and improved better internal and external communication. BusinessAnalytiq will decrease risk and higher profit.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page