Dichloroacetic Acid Price Trends and Forecast

Dichloroacetic Acid Regional Price Overview

Get the latest insights on price movement and trend analysis of Dichloroacetic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Dichloroacetic Acid Price Trend for Q1 of 2024

Chlorination of acetic acid yields dichloroacetic acid; therefore, the prices for both the feedstock materials chlorine and acetic acid drove the market trends for dichloroacetic acid during the said period of Q1’24. In the Asia Pacific, both acetic acid and chlorine markets were observed to be struggling throughout the said period. Acetic acid prices declined due to weak demand from construction sectors and the chlorine market was struggling with an oversupply. Hence the dichloroacetic acid prices also tottered low throughout the concerned time period.
 

Dichloroacetic Acid Price Chart

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These slumping trends in the Asian markets also influenced the global dichloroacetic acid prices. In the European markets, the situation was a little more complicated.

The freight dynamics with Asia were curtailed by the growling threats of Houthi attacks in the Red Sea. Suez Canal saw a significant drop in the number of vessels passing through, reflecting the degradation in expected orders and purchase volumes. A sullen industrial activity in the region amidst a period of high economic inflation also challenged the markets for dichloroacetic acid. The American dichloroacetic acid market was still somewhat stable; however, the general global trend was weak for the entire span of Q1’24.

Analyst Insight

According to Procurement Resource, as per the current analysis, slight improvements are anticipated in the Dichloroacetic Acid markets in the near term.

Procurement Resource provides latest prices of Dichloroacetic Acid. 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.