The Chloroform market witnessed a period of stability in the second week of April after following a bearish trend in the previous weeks. The bearish sentiment was prevalent in the previous weeks, but the recent week observed some stabilization leading to stabilize market trend. The demand from key downstream sectors showed improvement, leading to an intricate balance between the supply and demand dynamics supported the flat market trend. The supply continued to be consistent supporting the overall trend.

On the supply side, the prices of feedstock Methanol continued to be steady, providing cost support and a stable cost environment to the manufacturers of Chloroform. This consistent availability of feedstock Methanol at a rangebound cost led to predictable production expenses for the Chloroform manufacturers which in turn supported the steady supply dynamics in the market by enabling the manufacturers to plan and operate their facilities without any significant disruptions. The uninterrupted and sufficient supply of Methanol further contributed to stable production rates preventing any major disruptions or slowdown in output. Steady supply coupled with firm demand supported the market trend.

On the demand front, the demand of Chloroform from downstream pharmaceutical and agrochemical sector remained firm in the week. The procurement levels of Chloroform remained steady owing to ongoing manufacturing needs in the above-mentioned sectors. However, the pharmaceutical industry sentiment grew increasingly cautious amid concerns over proposed tariff of upto 25% on imported pharmaceutical products, prompting a rise in domestic production. Global pharmaceutical stocks declined broadly after U.S. President Donald Trump reaffirmed his intention to impose significant tariffs on imported drugs.

The announcement raised concerns over disruptions to the interconnected global supply chain. Additionally, the implementation of new country-specific reciprocal tariffs intensified pressure on international markets, contributing to the widespread downturn. While in the agrochemical production sector, as the market prepares for the April plantation season, the demand for intermediate chemicals like Chloroform witnessed a slight uptick balancing the overall sector-wise demand for Chloroform in the market.

According to analysts at ChemAnalyst, the market sentiments for Chloroform are expected to remain steady and firm in the near term supported by balanced supply and demand fundamentals. Market sentiment is being shaped by consistent downstream demand particularly from the agrochemical sector which is expected to remain that way while sufficient availability of Methanol may ensure consistent supply and production of Chloroform to meet the domestic as well as the international demand. Overall, the market dynamics are dependent on the changing supply and demand conditions in the market.