In February xxxx, Hydrochloric acid (HCl) market experienced a surge in the global market including USA and China. In USA, HCl market shifted upward in February xxxx with USD x/MT while in Germany USD x/MT. Concurrently other European nations follows the same trend as USA and German HCL market in first half of February xxxx.
These inclinations are attributed to multiple factors affecting both upstream and downstream of HCl market. The one of the reasons behind the HCl price increase is the price increase of major feedstock i.e. Liquid Chlorine. Liquid Chlorine prices were heard to be rising in the US market in the first half of February xxxx, with price increases around x.xxx. This price increment in upstream liquid chlorine supported the overall price increase of HCl as it affected the production costs. On the other hand, demand for the product from downstream...
