Product
Ferric Chloride Price Trend and Forecast
Ferric Chloride Price Trend and Forecast
Ferric Chloride Regional Price Overview
Get the latest insights on price movement and trend analysis of Ferric Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Ferric Chloride Price Trend for the Q1 of 2024
| Product | Category | Region | Price | Time Period |
| Ferric Chloride | Chemicals | India | 687 USD/MT to 632 USD/MT | Q1 '24 |
Stay updated with the latest Ferric Chloride prices, historical data, and tailored regional analysis
Under the influence of slow and depreciating construction sector activities and limited support from the Asian economy, the raw material of ferric chloride registered a tough run during the first quarter of 2024. The prices of both iron ore and sulfuric acid slid southwards, exerting a negative influence on the pricing trajectory of ferric chloride. The market sentiments were also subjected to variations in the supply chains and demand from both domestic and overseas industries. The downstream sectors, in particular, showcased a wait-and-see approach amid the weak overall momentum.
Ferric Chloride Price Chart
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This trend was not limited to the Asian countries only, as a similar trend was observed in the North American market too. The average price of ferric chloride slid from around 687 USD/MT to 632 USD/MT during the Q1 of 2024, after a strong Q4’23.
The traders believe that this southward movement of the market activities was a result of an excessive rise in inventory levels and subdued demand from the end-user industries. Additionally, Red Sea disruptions, lower water levels of the Panama Canal, and stockpiling at regional ports eventually forced the manufacturers to reduce their pricing quotations also contributed significantly to keeping the ferric chloride prices on the lower end of the spectrum.
Analyst Insight
According to Procurement Resource, the price of Ferric Chloride is expected to incline in the adjacent quarters as the market predictions of a slow supply of iron ore and simultaneous rise in sulfuric acid prices will favor an uptrend in the pricing trajectory of ferric chloride.
Procurement Resource provides latest prices of Ferric 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 Ferric Chloride
Ferric chloride is a crystalline solid with a dark colour and the chemical formula FeCl3. It forms a brownish-yellow solution in water due to its high solubility. Because of its potent acidic qualities, ferric chloride is frequently utilized as a coagulant in the purification of water and wastewater to extract contaminants. It is also used as a catalyst in organic synthesis and as an etching agent in printed circuit board manufacturing. Ferric chloride can irritate skin and mucous membranes since it is corrosive. It can be used in a variety of industrial processes to help remove impurities and treat effluents because of its capacity to hydrolyze in water.
Ferric Chloride Product Details
| Report Features | Details |
| Product Name | Ferric Chloride |
| Chemical Formula | FeCl3 |
| Industrial Uses | Wastewater treatment, Metallurgy, Waster gas treatment, Pigment production |
| Molecular Weight | 162.2 g/mol |
| CAS Number | 7705-08-0 |
| HS Code | 28273990 |
| Supplier Database | Kemira, Tessendarlo Group, Chemifloc LTD, KEM ONE, Sukha Chemical Industries, BASF SE, PVS Chemicals |
| 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.
Ferric Chloride Production Process
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Ferric Chloride Production by Chlorination of Iron
In this pathway of synthesis of ferric chloride, dry chlorine is reacted with iron metal at elevated temperatures in the range of 500-700 C. At optimal pressure conditions, this reaction yields ferric chloride as the final product.
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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