Antwerp, Belgium: Globally, the prices of H-Acid followed a downward trend due to the lackluster demand from the downstream Textile sector and accumulated inventory levels in the storage units. The equilibrium between supply and demand was disrupted due to the disturbance in the supply chain of H-Acid. Due to the Lunar New Year in China in February xxxx, the market players stocked up their inventory levels of H-Acid for the potential demand from the downstream Textile sectors. Furthermore, many market traders left the market earlier for the New Year celebration.
In February xxxx, the prices of H-Acid in Belgium saw a significant downturn of x.xxx and settled at USD xxxx/MT (CFR-Antwerp). This was attributed to Belgium&#xx;s reliance on imports of H-Acid from China, where the Lunar New Year festivities led traders to stock up on inventory in anticipation of heightened demand from the textile sector. However,...
