In the first quarter of 2023, chlorine prices in Asia remained stagnant due to weak demand from downstream industries and low consumer consumption rates. The second quarter saw a surge in prices driven by increased demand, although challenges emerged from declining overseas interest and recession concerns. In Europe, Q1 was marked by sluggish demand and depleted market activities, exacerbated by oversupply due to reduced exports. Despite improved production rates in Q2, subdued demand from industries like pharmaceuticals led to rising inventories and a subsequent dip in chlorine prices. North America experienced both quarters with declining market activities, notably in Q2, due to energy cost spikes, disinfectant sector struggles, and a recession-induced decrease in buyer appetite for chlorine.
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Chlorine is a chemical element with the symbol Cl and atomic number 17. It is a greenish yellow, highly reactive gas at room temperature, forming compounds with various elements and molecules. It’s widely used as a disinfectant in water treatment, sanitation, and the production of various chemicals like PVC. Chlorine is toxic and can cause respiratory and skin irritation, and its compounds are essential for life, forming components of salts and acids. It’s known for its distinctive odor and its role in chemical reactions, particularly in oxidation-reduction processes.
Key Details About the Chlorine Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Chlorine in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Chlorine Price chart, including India Chlorine price, USA Chlorine price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Chlorine Price Trend:
Chlorine has significant industrial applications. Its most prominent role is in water treatment, where it serves as a disinfectant to eliminate pathogens and ensure safe drinking water. It’s a key component in producing polyvinyl chloride (PVC), a versatile plastic used in construction, packaging, and various consumer goods. Chlorine compounds are vital in manufacturing bleaches and cleaning agents. In the pharmaceutical industry, it’s employed to create antibiotics and other medicines. Chlorine derivatives contribute to the production of solvents, textiles, and dyes. Moreover, it plays a role in metallurgy, refining, and paper production processes, showcasing its wide-ranging impact across industries.
- Ercros S.A.
- Olin Corporation
- Occidental Petroleum Corporation
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