Liquid Chlorine Prices | Demand, Pricing & Supply, Market Analysis | ChemAnalyst


For the Quarter Ending June 2023

North America:

Throughout the second quarter of 2023, the liquid chlorine market in North America experienced a bearish trend, resulting in a notable price depreciation of approximately 14%. Abundant supply prevailed in the region, primarily driven by increased production in chlor-alkali industries, such as sodium hydroxide and potassium hydroxide, from which chlorine is derived as a by-product. This uptick in production was attributed to energy cost subsidies and the declining prices of crude oil. However, demand for chlorine in downstream sectors such as disinfection, detergent, PVC, adhesives, and agrochemicals remained lackluster, reflecting the incomplete recovery of the US economy. The Federal Reserve's decision to raise interest rates by nearly 5% further dampened consumer sentiment, diminishing purchasing activities in the region. Additionally, reduced demand for polyvinyl chloride (PVC) contributed to the decline in liquid chlorine prices. Insufficient export orders from overseas compelled distributors and traders to offer stocks at discounted rates to address the issue of underutilized inventories. As a result, the price of liquid chlorine stood at USD 445/MT (DEL Texas) at the close of the second quarter of 2023.

APAC:

The situation in the Asian liquid chlorine market remained mildly bearish during the second quarter of 2023, with prices recording a marginal depreciation of 3% by the quarter's end. Overall, demand and supply in the region exhibited stability, particularly as the Asian economy gained momentum in May 2023, leading to increased production in the chlor-alkali industry. This uptick in production coincided with a resurgence in demand from downstream sectors such as PVC, detergent, and disinfectants. However, international market demand for chlorine remained subdued, primarily influencing the marginal price depreciation. Supply and demand both remained relatively moderate, with traders refraining from revising price quotations due to concerns about an impending economic recession. Modest demand from downstream industries, including cleaning, detergent, and paper production, contributed to a mostly stable market environment. Consequently, liquid chlorine prices were assessed at USD 33/MT (Pipeline) Ex-Xinjiang by the close of the second quarter of 2023.

Get Real Time Prices of Liquid Chlorine: https://www.chemanalyst.com/Pricing-data/liquid-chlorine-45

Europe:

The European chlorine market experienced an overall bearish trend, characterized by ample caustic soda production in the region and weak demand from downstream pharmaceutical and disinfectant sectors. The PVC industry also faced minimal demand due to limited activity in the construction sector. The decline in liquid chlorine prices was further exacerbated by the decreasing prices of hydrochloric acid, primarily influenced by low demand from the construction industry. A significant portion of the inventory consisted of by-products from the chlor-alkali production sector, which operated at optimal levels, thanks to energy cost subsidies that eased production expenses for caustic alkali. The optimal production rates in the alkali industry resulted in an oversupplied chlorine market, with demand nearly nonexistent. Sluggish export orders from overseas were attributed to the insufficient economic recovery in Europe, as reflected by the overall Consumer Price Index (CPI) declining by 3 points in June 2023, which adversely impacted end-user consumer purchasing activities. As a consequence, the final price of liquid chlorine at the end of the second quarter of 2023 was assessed at USD 180/MT Spot FD Antwerp.

About Us: 

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

Comments

Post a Comment

Popular posts from this blog

n-Butanol Prices: In the second quarter of 2023 | ChemAnalyst

Image
  For the Quarter Ending June 2023 North America   During the second quarter, the overall  n-butanol market  in the US remained weak as compared to the first quarter, which was influenced by the lower demand for the feedstock propylene market. The n-butanol market continued to follow the increasing trend till April amid tight supply. As per the data, the Industrial Production Total Index rose from 102.6 (March) to 103.1 (April), causing economic activities to improve. At the same time, the US has faced high-cost pressure due to the production cut. Moreover, positive demand for the downstream coating industry was observed, which has contributed to the further increase in prices for n-butanol in the US market as consumer spending in the country recorded an increase in new orders. However, the n-butanol demand saw negative buying sentiments amidst lower demand in the coating industry of the US, which has influenced the prices to continuously decrease and settle at 2252 ...
Read more

Naproxen Price, News, Trend, Monitor, Supply & Demand, Forecast | ChemAnalyst

Image
Naproxen Prices   a nonsteroidal anti-inflammatory drug, has been a staple in the pharmaceutical market for decades, renowned for its effectiveness in managing pain and inflammation associated with various conditions such as arthritis, menstrual cramps, and musculoskeletal injuries. Its widespread use has led to a dynamic market with fluctuating prices influenced by various factors. One of the primary drivers of Naproxen market prices is its demand-supply dynamics. As with any commodity, when demand surpasses supply, prices tend to rise. Conversely, an oversupply can lead to price declines. Factors such as changes in population demographics, prevalence of conditions requiring Naproxen treatment, and production capacity of pharmaceutical companies all play crucial roles in shaping this equilibrium. Additionally, fluctuations in raw material costs and manufacturing expenses contribute to price variations. Moreover, competition within the pharmaceutical industry significantly impacts ...
Read more

Mineral Turpentine Oil (MTO) Price, News, Trend, Monitor, Supply & Demand, Forecast | ChemAnalyst

Image
Mineral Turpentine Oil (MTO) Prices   plays a pivotal role in various industrial sectors, serving as a versatile solvent with wide-ranging applications. As such, fluctuations in its market prices can have significant implications across industries. Understanding the dynamics of MTO pricing requires a comprehensive analysis of factors influencing supply and demand. One key determinant is the availability of raw materials, primarily crude oil, from which MTO is derived. Any disruptions in crude oil production or fluctuations in global oil prices can directly impact the cost of producing MTO, thereby influencing its market price. Additionally, geopolitical tensions, natural disasters, or regulatory changes in oil-producing regions can further exacerbate price volatility. Moreover, demand dynamics also contribute to the pricing trends of MTO. Industries such as paints and coatings, adhesives, printing inks, and chemical manufacturing are major consumers of MTO. Therefore, fluctuations ...
Read more