Product
Ferrous Chloride Price Trends and Forecast
Ferrous Chloride Price Trends and Forecast
Ferrous Chloride Regional Price Overview
Get the latest insights on price movement and trend analysis of Ferrous Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Ferrous Chloride Price Trend for Q1 of 2024
Production of ferrous chloride requires iron (Fe2+) to react with hydrochloric acid for its chlorination. During the first quarter of the year 2024, the ferrous chloride prices have been seeing a slight downslide for the major part. In the Asian markets, the inventories grew with unused and unsold stocks. A considerable decline in international orders primarily pushed the prices down.
Ferrous Chloride Price Chart
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The raw material costs were also unable to provide any considerable support. At the same time, degradation in downstream demands from the wastewater treatment and metal industries further exacerbated the pricing situation. The story of the European markets was also not very different.
The market’s major concern was the long-time supply chain hindrance. Since the commencement of the Russian war, the regional supply chains have been immensely disturbed. At the same time, the Middle Eastern conflict has also begun between Israel and Gaza. Amidst all this political chaos, the American markets have also been witnessing some downtime. Overall, a dull price-performance was witnessed.
Analyst Insight
According to Procurement Resource, given the current pricing dynamics, the markets will take time to improve going forward. Delayed correction in prices is expected.
Procurement Resource provides latest prices of Ferrous 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 Ferrous Chloride
Ferrous chloride, or iron(II) chloride (FeCl2), is a chemical compound used primarily in water treatment processes as a coagulant to remove impurities. It appears as a greenish-white crystalline solid and is highly soluble in water. Ferrous chloride is also employed in the manufacturing of pigments, in metal surface treatments, and as a catalyst in organic synthesis. It helps control odors in sewage systems and is utilized in some pharmaceutical and agricultural applications, showcasing its versatility across various industries.
Ferrous Chloride Product Details
| Report Features | Details |
| Product Name | Ferrous Chloride |
| Chemical Formula | FeCl2 |
| Industrial Uses | Water and Wastewater Treatment, Metal Surface Treatment, Pigment Production, Odor Control, Pharmaceuticals Manufacturing, Catalyst in Organic Synthesis, Agriculture |
| Molecular Weight | 126.75 g/mol |
| CAS number | 7758-94-3 |
| Synonyms | Iron dichloride |
| Supplier Database | Altivia Specialty Chemicals, Cochin Minerals and Rutile Limited, Huizhou 3R Environmental Chemical, Jiangyin Yujie Environmental Protection Technology, Kemira Oyj, NCP Chlorchem, Pencco, 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.
Ferrous Chloride Production Process
- Ferrous Chloride Production by the chemical reaction of iron with hydrochloric acid.
The synthesis of ferrous chloride is carried out by the chemical reaction of hydrochloric acid with iron metal. It is conducted using a methanol solution of concentrated hydrochloric acid, which is then reacted with iron to give methanol solvate [Fe(MeOH)6]CL2. The intermediate is then heated in a vacuum at around 160 °C, which results in the formation of pure ferrous chloride as the end 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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