Hydrochloric Acid Pricing Report, Trend, Chart, News, Demand, Historical and Forecast Data

The latest report by IMARC, titled "Hydrochloric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of hydrochloric Acid prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Hydrochloric Acid Prices December 2023:

• United States: $ 130/MT (35-37%)

• Chemical Japan: $ 115/MT

• Chemical Germany: $ 100/MT (33-37%)

• Chemical Saudi Arabia: $ 84/MT (33%)

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The study delves into the factors affecting hydrochloric Acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Hydrochloric Acid Price Trend- Q4 2023

Hydrochloric acid (HCl), a strong and corrosive diatomic molecule composed of hydrogen and chlorine, is essential in various industrial applications due to its high reactivity and acidity. The Hydrochloric Acid market dynamics are shaped by a complex mix of production and consumption factors across regions. In the fourth quarter of 2023, North America saw a notable price drop driven by reduced demand and a decrease in the upstream liquid chlorine market, coupled with manufacturers lowering prices to manage high inventory levels and stimulate orders. This situation was exacerbated by a decline in the US Manufacturing Purchasing Managers' Index (PMI), reflecting a downturn in manufacturing activity. These developments highlight the influence of supply-demand balances, inventory strategies, and economic indicators on the market trends for hydrochloric acid.

The global hydrochloric acid market size reached US$ 2.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.9 Billion, at a projected CAGR of 5.10% during 2023-2032. In December 2023, the market experienced varied influences on prices across different regions, reflecting a multitude of factors at play. In North America, prices declined due to an amalgamation of decreased upstream cost support and a dip in downstream demand, exacerbated by high inventory levels among manufacturers. This scenario was mirrored in the APAC region, where a significant decrease in the Chinese Manufacturing PMI and a slight decline in the upstream liquid chlorine market contributed to a downturn in prices. However, the strategic decision by Japanese exporters to maintain market stability by upholding prices played a crucial role in the APAC market, demonstrating a deliberate effort to navigate potential market fluctuations amidst a significant decline in the demand for steel which is a key construction material.

Europe's hydrochloric acid market presented a mixed performance, characterized by moderate to low demand from the steel manufacturing sector and an oversupply condition that led to a decline in prices. The market's dynamics were further influenced by subdued demand, supply challenges, and a slowdown in the construction industry, which collectively contributed to the observed price adjustments. Manufacturers prioritized market stability, aiming to safeguard profit margins despite the challenging conditions. In the Middle East, the market showed a stable to declining trend, largely influenced by reduced demand from downstream industries and a deceleration in the construction sector, particularly impacting off-takes for hydrochloric acid by the steel industry. These regional disparities highlight the intricate balance between supply-demand dynamics, industry-specific developments, and macroeconomic factors in influencing hydrochloric acid prices.

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Key Points Covered in the Hydrochloric Acid Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Hydrochloric Acid Prices

• Hydrochloric Acid Price Trend

• Hydrochloric Acid Demand & Supply

• Hydrochloric Acid Market Analysis

• Demand Supply Analysis by Type

• Demand Supply Analysis by Application

• Demand Supply Analysis of Raw Materials

• Hydrochloric Acid Price Analysis

• Hydrochloric Acid Industry Drivers, Restraints, and Opportunities

• Hydrochloric Acid News and Recent developments

• Global Event Analysis

• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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

• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Browse More Pricing Reports By IMARC Group:

• Aniline Pricing Report 2024

• Nitrogen Pricing Report 2024

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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