Hydrochloric Acid Prices

Hydrochloric Acid Prices June 2024

The hydrochloric acid prices in the United States for Q2 2024 reached 150 USD/MT in June. The region saw a significant price increase, mainly due to strong demand from several industries, including water treatment and steel manufacturing. Rising energy costs and the cost of raw resources, such as liquid chlorine, increased manufacturing costs, which in turn affected consumer pricing. Throughout the quarter, prices showed a significant rising trend, driven in part by seasonal demand from manufacturing and construction.

The price trend for hydrochloric acid in Japan for Q2 2024 settled at 115 USD/MT in June. Additionally, the market saw significant price increases, mostly due to robust requirements from the steel and construction sectors. Production prices increased due to rising feedstock costs, especially for liquid chlorine. Japan had notable price increases as a result of strict supply circumstances brought on by strong demand, which was a regional trend throughout Asia Pacific.

In Germany, the hydrochloric acid prices for Q2 2024 reached 125 USD/MT in June. The market observed marked price increases driven by increasing production costs and strong requirements from key sectors, especially steel. Moreover, elevated raw substance and transport expenses contributed to the price uptrend. Besides, in the Eurozone inflationary pressures also impacted the pricing environment, with Germany showcasing the highest price adjustments within Europe throughout the quarter.

The hydrochloric acid prices in the UAE for Q2 2024 reached 87 USD/MT in June. The market recorded significant price growth, influenced by increased demand from the steel and cleaning industries during Q2 2024. Additionally, rising feedstock costs and ocean shipment delays affected supply chains, driving up export prices. Economic growth and elevated development activities further sustained the demand surge, contributing to consistent price escalation throughout the quarter.

The price trend for hydrochloric acid in Brazil for Q2 2024 settled at 235 USD/MT in June. The steel industry's strong demand and supply shortages brought on by floods were the main causes of the constant price increase in Brazil's hydrochloric acid market in Q2 2024. Strong demand from downstream sectors led to the price increase, while plant outages increased the strain on supplies. Brazil's important role in determining the regional price rate for hydrochloric acid throughout Latin America was highlighted by this growing trend.

Hydrochloric Acid Prices December 2023

The hydrochloric acid prices in the United States for Q4 2023 reached 130 USD/MT in December. The market was characterized by a notable price reduction due to lower upstream costs and decreased downstream demand. High inventory levels led manufacturers to cut prices to boost orders, significantly shaping market dynamics amid weakening economic conditions reflected in manufacturing indicators.

The price trend for hydrochloric acid in Japan for Q4 2023, reached 115 USD/MT in December. Market maintained stability during the quarter, despite regional downturns. Exporters prioritized steady prices to protect margins, navigating reduced steel demand and a slowdown in construction activities across the Asia-Pacific region.

The price trend for hydrochloric acid in Germany for Q4 2023, reached 100 USD/MT in December. The market faced various challenges throughout the quarter with moderate demand and oversupply. A decline in construction activity reduced steel sector demand, causing prices to drop. Manufacturers mainly aimed for stability amid these pressures.

The price trend for hydrochloric acid in Saudi Arabia for Q4 2023, reached 84 USD/MT in December. The market witnessed stable to declining trend in fourth quarter of 2023, influenced by reduced demand from construction and steel industries. Lower upstream costs allowed for market stability, but economic challenges, including a falling PMI, impacted overall demand.

Regional Coverage

The report provides a detailed analysis of the hydrochloric acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the hydrochloric acid price trend.

Global Hydrochloric Acid Price

The report offers a holistic view of the global hydrochloric acid pricing trends in the form of hydrochloric acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into hydrochloric acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into hydrochloric acid price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed hydrochloric acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Hydrochloric Acid Price

Q2 2024:

In Q2 2024, the Europe market saw a price increase driven by rising manufacturing costs, strong downstream demand, and regional inflation. Additionally, increased feedstock costs, especially for necessary raw materials, increased manufacturing prices and affected market pricing. Moreover, prices were further driven up by robust requirements from important sectors, mainly the steel industry. Besides, rising consumer prices in the Eurozone increased inflationary pressure and supported the higher trend in HCl prices. The most significant price changes occurred in Germany, where there was a consistent upward trend from the first to the second part of the quarter. Furthermore, Europe's HCl prices were steadily rising as the quarter concluded due to changes in cost and demand dynamics.

Q4 2023:

The hydrochloric acid market in Europe showcased mixed performance in Q4 2023 due to various factors impacting supply and demand. The construction sector's slowdown led to decreased demand from the steel manufacturing industry, which directly impacted hydrochloric acid consumption. Oversupply conditions and a lack of strong cost support from the upstream chlorine market further pressured prices downward. In response, manufacturers focused on maintaining stability, seeking to protect profit margins amidst fluctuating conditions. At the end of the quarter, market adjustments including year-end sales and production cuts led to a slight downturn in pricing.

This analysis can be extended to include detailed hydrochloric acid price information for a comprehensive list of countries.

North America Hydrochloric Acid Price

Q2 2024:

In Q2 2024, the market for hydrochloric acid in North America saw a sharp price increase in price, mostly as a result of growing demand from a variety of industries, such as agricultural, water treatment, and steel manufacturing. A noticeable price increase resulted from increased demand on supplies caused by increased activity in these locations. Higher manufacturing costs, particularly those of liquid chlorine, were the primary cause of this development. Production expenses were further raised by supplier fees and energy charges, which were eventually passed on to customers. Demand was increased by seasonal variables because this is the quarter when production and construction usually ramp up. In the United States, market statistics showed a significant increase, representing a significant percentage increase over the previous quarter and the same quarter last year reflecting a strong upward pricing trend across North America.

Q4 2023:

Throughout the fourth quarter of 2023, the hydrochloric acid market in North America experienced a significant decline in prices. This drop was driven by several factors, including a decrease in the upstream liquid chlorine market, which is an indispensable product in hydrochloric acid production. Additionally, downstream manufacturers faced reduced demand and a lowered willingness to purchase, which further influenced market conditions. High inventory levels led manufacturers to adopt aggressive pricing strategies to stimulate demand and manage excess stock. Economic indicators, such as manufacturing output, also reflected these challenging market dynamics.

Specific hydrochloric acid historical data within the United States and Canada can also be provided.

Middle East and Africa Hydrochloric Acid Price

Q2 2024:

The Middle East and Africa's hydrochloric acid industry experienced a significant price increase in Q2 2024 as a result of increased feedstock costs and logistical problems. Increased export prices resulted from delays in ocean shipments, particularly in Asia, and supply chain bottlenecks were caused by port congestion. Additionally, the region's total pricing was impacted by rising manufacturing costs brought on by rising liquid chlorine prices. This tendency was influenced by demand from industries including the production of steel and disinfectants. Moreover, price hikes were especially noticeable in the United Arab Emirates, due to rising demand from the steel and cleaning sectors. This price increase was further reinforced by the region's high level of economic activity.

Q4 2023:

In the Middle East, particularly Saudi Arabia, the hydrochloric acid market showed a stable to declining trend throughout the fourth quarter of 2023. This trend was primarily driven by reduced demand from downstream industries, such as construction and steel, which faced slowdowns. A decrease in upstream chlorine costs allowed manufacturers to focus on market stability, even as demand weakened. The construction sector's deceleration, especially in housing projects, led to lower steel demand, thereby affecting hydrochloric acid consumption. Additionally, economic indicators, such as the Purchasing Managers' Index, showed a slowdown, reflecting broader economic challenges in the region.

In addition to region-wise data, information on hydrochloric acid prices for countries can also be provided.

Asia Pacific Hydrochloric Acid Price

Q2 2024:

In Q2 2024, Asia Pacific's market recorded noticeable price increases, driven largely by robust demand from steel manufacturing and construction sectors. Strong downstream demand across these industries has led to consistent upward price pressure as producers worked to meet market needs. Moreover, rising feedstock prices, especially for liquid chlorine, further inflated production costs, which were subsequently transferred to buyers. Besides, limited supply added to these pressures as producers struggled to maintain the rising requirement, creating strict supply circumstances that reinforced the price trend. Furthermore, Japan, in particular, observed the most substantial changes within the region, highlighting broader trends across the Asia Pacific, with prices continuing to rise through the quarter.

Q4 2023:

In the fourth quarter of 2023, the hydrochloric acid market in the APAC region experienced a decline in prices. Several factors contributed to this, including a decrease in the Chinese Manufacturing Purchasing Managers Index, reduced demand from downstream manufacturers, and a decline in the liquid chlorine market. Japanese exporters played a key role in stabilizing the market by making deliberate efforts to maintain price stability. Overall, these factors led to a drop in hydrochloric acid prices by the end of December 2023.

This hydrochloric acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Hydrochloric Acid Price

Q2 2024:

Latin America’s hydrochloric acid market saw an upward price trajectory due to severe flooding-related supply chain issues that limited product accessibility in Q2 2024. Additionally, price concerns were exacerbated by the region's steel industry's continued high demand. Moreover, with the most noticeable price fluctuations throughout Latin America, Brazil was a key player and reflected a larger trend of growing expenses. Besides, the market explained resilience during the quarter with a steady price increase, highlighting the region's advantageous pricing environment as demand remained high despite limited supply, despite logistical obstacles such as plant interruptions in Brazil.

Q4 2023:

The analysis of hydrochloric acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Hydrochloric Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Hydrochloric Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of hydrochloric acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of hydrochloric acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of hydrochloric acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing hydrochloric acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Hydrochloric Acid Market Analysis

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.

• The hydrochloric acid demand is amplified by its utilization in the oil and gas industry for well stimulation to enhance the flow of oil and natural gas from the reservoirs. According to the Organization of the Petroleum Exporting Countries (OPEC), the global demand for oil is projected to increase by 38 million barrels a day to 115 million barrels a day by 2025. Furthermore, the global energy demand is expected to rise by 15% in 2050 compared to 2021 levels.
• Hydrochloric acid is also becoming increasingly popular in the chemical sector as a raw material for producing chemicals like dichloroethane and vinyl chloride, which are precursors to polyvinyl chloride (PVC). This is further supported by the latest finding of IMARC Group, which predicts that the PVC market is expected to grow by 3.8% between 2024 and 2032, reaching a value of USD 63.7 billion in 2032.
• The hydrochloric acid share in the market is further reinforced by its application in the steel manufacturing process. HCl is used for removing dust and scales from steel surfaces. Steel is a vital component in various industries, including construction, electronics, and automotive. The market for steel is projected to reach US$ 1279 billion by 2032 with a 3.3% growth rate. This is expected to provide an impetus to the demand for chemicals like HCl in steel production.
• In addition, hydrochloric acid production is showing an upward trajectory as a result of its growing use in water treatment processes, where it plays a vital role in pH control. The latest data by World Health Organization (WHO) and UNICEF reveals that 8 out of 10 people do not have access to clean drinking water in rural areas. Furthermore, every year, 1.7 billion cases of diarrhea are reported among children younger than 5 years. These concerning details underscore the importance of hydrochloric acid in ensuring the safety of water for various daily uses, thereby increasing its demand.

Hydrochloric Acid News

The report covers the latest developments, updates, and trends impacting the global hydrochloric acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in hydrochloric acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the hydrochloric acid price trend.

Latest developments in the hydrochloric acid industry:

• In March 2021, AGC Chemicals announced its plan to integrate 3 chemical units (AGC Chemicals (Thailand) Co., Vinythai Public Co., and AGC Chemicals Vietnam Co.) into a new company to consolidate and promote its chlor-alkali business, which comprises caustic soda, hydrochloric acid, liquid chlorine, caustic potassium, and potassium carbonate, in Thailand, Cambodia, Laos, Myanmar and Vietnam. In this move, AGC plans to retain a 65% stake, while the remainder will be held by companies such as PTT Global Chemical Public Co. Furthermore, under the reorganization, the two Thai companies will be dissolved and the company in Vietnam will be held 78.1% by the new firm.
• In January 2022, BASF SE announced its plan to modernize its entire infrastructure, including the facilities for manufacturing chloroformates and acid chlorides at its Ludwigshafen Verbund site. For this project, the company is planning to invest a low three-digit million euros. This proposed plan will be completed in the course of 2025 and will increase the company’s capacity for these products by around 30% from the current annual capacity of 60000 metric tons.

Product Description

Hydrochloric acid (HCL) is an aqueous solution of hydrogen chloride, which is an acidic gas. It is a colorless, dense, and nonflammable gas with a distinctive pungent and irritating smell. Hydrochloric acid possesses a strong corrosive nature towards metals, tissues, eyes, and the respiratory system.

On a commercial scale, HCL is prepared by reacting sodium chloride (NaCl) with concentrated sulphuric acid (H2SO4). Other methods of preparation involve organic by-product synthesis, waste incineration, and thermal decomposition of hydrated heavy metals.

It is widely used in cleaning, electroplating, leather tanning, pickling, refining, and prediction of a variety of products, such as rubber, pharmaceuticals, and chemicals. Hydrochloric acid is a type of mineral acid that reacts vigorously with organic and inorganic bases, such as amines, amides, metal oxides, and metal hydroxides. It also readily reacts with sulfides, carbides, borides, and phosphides to generate toxic or flammable gases.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of hydrochloric acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting hydrochloric acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The hydrochloric acid price charts ensure our clients remain at the forefront of the industry.