In December xxxx, the Hydrochloric Acid market experienced a significant drop in prices in the domestic market, witnessing a decrease of USD x/MT compared to the previous month. This reflected a x.xx decrease in the European market. The decline in prices was attributed to multiple factors affecting both upstream and downstream segments of the Hydrochloric Acid industry.
The upstream liquid chlorine market, a key component in Hydrochloric Acid production, faced a slight decline with insufficient cost support. This decline in the upstream market contributed to the overall reduction in the Hydrochloric Acid prices. Manufacturers in the downstream market were also affected as there was a slight decline in demand, and purchasing willingness weakened. Meanwhile, the accumulation of severe inventory by Hydrochloric Acid manufacturers prompted them to lower prices aggressively in an attempt to attract new orders.
The stainless-steel industry, a significant consumer of...
