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Barium Chloride Price Trend and Forecast
Barium Chloride Price Trend and Forecast
Barium Chloride Regional Price Overview
Get the latest insights on price movement and trend analysis of Barium Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Barium Chloride Price Trend for the Second Half of 2022
The price trend for barium chloride registered a fluctuating pattern in the said period. As the prices of crude oil and gas kept volatile, the availability and price of feedstock barite ore were deeply impacted. Barite ore is extensively utilized in the crude oil industry; with the limited supply being directed to the oil industry, other downstream sectors struggled with their demand fulfilment. HCl prices too struggled owing to the complex logistics, industrial shutdowns, running inventories and falling demand. All the above-mentioned factors directly impacted the price trend for barium chloride.
Barium Chloride Price Chart
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Q3 2022, remained a very uncertain period for global energy security, especially European region as sanctions prevented any imports from Russia. Asia still got discounted offers from a struggling Russian market, but Europe stayed in plight. The fourth quarter unfolded with freight normalization, but no significant impact on the prices was made as high costs and inflation severely affected the barium chloride market. Thus, barium chloride remained on the higher side of the curve for most parts and plateaued a little towards the end of December’22.
Analyst insight
According to Procurement Resource, the price trend for barium chloride are expected to stabilize in the coming quarter. As the supply chains and logistics normalise given the demand rebounds, the prices are expected to stabilize.
Barium Chloride Price Trend For the First Half of 2022
Barium Chloride is industrially produced via barite and HCl. The prices of these two primary feedstocks directly impacted the price trend of Barium chloride globally. More than 70% of barite ( mineral ore of barium) is directed for consumption by the oil and gas industry. The continuing geopolitical conflict, along with the European embargo on Russian oil and retaliatory sanctions, immensely affected the prices and supplies of crude oil.
The raised production costs among trade bottlenecks raised the prices of barite ore. Meanwhile, the prices of HCl exhibited an oscillating trend in the global market. The prices fell due to the demand destructions and zero-tolerance covid restrictions. However, it soon recovered after the factories renewed production; the demand from the construction and water treatment sectors increased, causing HCl prices to rise. Despite the oscillating trend of its feedstock, the prices of Barium Chloride remained anchored in the global market.
Procurement Resource provides latest prices of Barium Chloride. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Barium Chloride
Inorganic salt made of barium cations (Ba2+) and chloride anions is known as barium chloride (Cl–). Barium dichloride or barium muriate are other names for it. It is a white solid that is water soluble and hygroscopic in nature. It tints a flame just a little bit yellow-green. Barium salts are widely utilised in the sector. White paints, especially those intended for outdoor use, contain the sulphate. Nature makes barium chloride poisonous.
In the purification of brine solutions used in caustic chlorine plants, BaCl2 is primarily used in the industrial sector. This substance is also used to produce heat treatment salts and to case-harden steel. Due to its high toxicity, this compound only has a few applications.
Barium Chloride Product Details
| Report Features | Details |
| Product Name | Barium Chloride |
| HS CODE | 282738 |
| CAS Number | 10361-37-2 |
| Industrial Uses | Paint Industry, Caustic chlorine plants, Steel Industry, Rubber Industry, Wate water treatment |
| Chemical Formula | BaCl2 |
| Synonyms | Barium dichloride, Barium muriate |
| Molecular Weight | 208.23 g/mol |
| Supplier Database | Solvay S.A, Nippon Chemical Industrial, American Elements, Chemical Products Corporation, Chaitanya Chemical, Finoric LLC |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Barium Chloride Production Processes
- Production of Barium Chloride from Barite; and from Barium Carbonate
Barium chloride from barite involves a two-step process in which barite is first reacted with coke to yield barium sulfur. In the second step, it is then reacted with HCl to obtain barium chloride.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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