For the Quarter Ending December 2025
North America
• In USA, the Liquid Chlorine Price Index fell by 0.85% quarter-over-quarter, reflecting subdued demand and inventories.
• The average Liquid Chlorine price for the quarter was approximately USD 780.00/MT as reported regionally.
• Liquid Chlorine Spot Price was pressured by weak PVC and muted industrial offtake despite support.
• Liquid Chlorine Price Forecast projects seasonal gains as restocking and rail constraints influence contract pricing.
• Liquid Chlorine Production Cost Trend showed upward influence from winter power tariffs and freight increases.
• Liquid Chlorine Demand Outlook is mixed, municipal sanitation providing baseline volumes while PVC demand softens.
• Liquid Chlorine Price Index stability reflected steady production, sufficient inventories, and improved late-quarter logistics regionally.
• Operational discipline and caustic economics limited output, while maintenance outages modestly tightened local supply briefly.
Why did the price of Liquid Chlorine change in December 2025 in North America?
• Adequate domestic supply and steady chlor-alkali production mitigated upward price pressure despite logistical congestion easing.
• Weaker PVC and industrial demand reduced offtake, amplifying downward pressure on contract and spot markets.
• Declining sodium chloride feedstock costs lowered manufacturing expenses, offsetting higher power tariffs and freight increases.
APAC
• In China, the Liquid Chlorine Price Index fell by 23.3% quarter-over-quarter, driven by abundant supply.
• The average Liquid Chlorine price for the quarter was approximately USD 23.00/MT, reflecting PVC demand.
• Liquid Chlorine Spot Price remained weak amid ample inventories and muted PVC procurement across hubs.
• Liquid Chlorine Production Cost Trend eased as sodium chloride and inland power discounts reduced costs.
• Liquid Chlorine Demand Outlook remains muted through winter, with PVC producers curbing runs, delaying procurement.
• Liquid Chlorine Price Forecast suggests limited near-term recovery, as restocking may partially absorb excess supply.
• Liquid Chlorine Price Index readings reflected high plant run-rates and merchant chlorine releases pressuring contracts.
• Export interest remained weak due to freight premiums and competition; western hub inventories neared capacity.
Why did the price of Liquid Chlorine change in December 2025 in APAC?
• High chlor-alkali run rates flooded merchant pipelines, exceeding muted PVC and industrial offtake across regions.
• Lower sodium chloride costs and inland power discounts reduced production expenses, enabling deeper producer discounts.
• Improved rail-tank availability and limited port bottlenecks reduced distribution urgency, reinforcing sellers' bearish negotiating position.
Europe
• In Europe, the Liquid Chlorine Price Index edged lower quarter-over-quarter, reflecting weak downstream PVC demand and balanced supply.
• Liquid Chlorine Spot Price remained under pressure as construction and polymer sector offtake stayed subdued through the quarter.
• Liquid Chlorine Price Forecast points to limited near-term upside, with seasonal sanitation demand offering only partial support.
• Liquid Chlorine Production Cost Trend increased modestly, driven by higher electricity prices and compliance-related operating costs.
• Liquid Chlorine Demand Outlook remained mixed, supported by municipal water treatment while PVC, pulp, and chemical intermediates lagged.
• The Liquid Chlorine Price Index was capped by sufficient inventories and steady chlor-alkali operating rates across Western Europe.
• Chlor-alkali producers managed output discipline due to caustic soda market conditions, preventing oversupply but failing to lift prices.
• Cross-border trade flows within the EU stayed smooth, and logistics normalization toward year-end improved delivery reliability.
• Short maintenance turnarounds in December briefly tightened local supply, but impacts were quickly absorbed by existing stocks.
Why did the price of Liquid Chlorine change in December 2025 in Europe?
• Persistent weakness in PVC and construction-related demand reduced chlorine offtake across major consuming regions.
• Elevated power and compliance costs raised production expenses, yet competitive supply prevented cost pass-through.
• Adequate inventories and stable chlor-alkali output balanced short-lived supply tightness from maintenance activity.
For the Quarter Ending September 2025
North America
• In USA, the Liquid Chlorine Price Index rose by 7.03% quarter-over-quarter, driven by municipal demand.
• The average Liquid Chlorine price for the quarter was approximately USD 786.67/MT, according to market participants.
• Liquid Chlorine Spot Price benefited from seasonal municipal water demand and Gulf Coast maintenance outages.
• Liquid Chlorine Price Forecast indicates stable-to-firm near-term direction driven by balanced supply and seasonal factors.
• Liquid Chlorine Production Cost Trend showed pressure from elevated energy and brine costs, affecting margins.
• Liquid Chlorine Demand Outlook remains stable for utilities but weaker for PVC and industrial consumers.
• Liquid Chlorine Price Index influenced by muted export interest and port congestion, causing inventory accumulation.
• Liquid Chlorine Spot Price and inventories remained lean as traders prioritized just-in-time flows, limiting builds.
Why did the price of Liquid Chlorine change in September 2025 in North America?
• Municipal water treatment seasonal demand normalized, reducing offtake and easing peak Liquid Chlorine consumption across utilities.
• Stable chlor-alkali operations and disciplined producer allocations sustained supply, preventing sharper price declines in Q3.
• Freight disruptions and muted export inquiries led to inventory buildup, weighing on domestic pricing pressure.
APAC
• In China, the Liquid Chlorine Price Index fell by 6.25% quarter-over-quarter, reflecting oversupply and weak downstream demand.
• The average Liquid Chlorine price for the quarter was approximately USD 30.00/MT.
• Liquid Chlorine Spot Price eased after June gains as high co-production and inventory accumulation pressured offers.
• Liquid Chlorine Price Forecast shows limited upside near-term without PVC recovery; localized maintenance may tighten supply.
• Liquid Chlorine Production Cost Trend benefitted from lower electricity, coal costs, though storage costs constrained margins.
• Liquid Chlorine Demand Outlook remains subdued with weak PVC and textile sectors, water treatment providing support.
• Liquid Chlorine Price Index volatility reflected pipeline constraints, maintenance outages, and speculative restocking ahead of monsoon.
• High operating rates and accumulated inventories pressured spot offers, while plant turnarounds created regional tightness.
Why did the price of Liquid Chlorine change in September 2025 in APAC?
• Oversupply from high chlor-alkali co-production increased inventories, reducing bargaining power for sellers in pipeline markets.
• Muted downstream demand from PVC and textiles curtailed offtake, limiting upward pressure despite procurement spikes.
• Declining production costs supported margins, but logistics and storage constraints pushed sellers toward elevated offers.
Europe
• In Europe, the Liquid Chlorine Price Index rose by 4.26% quarter-over-quarter, supported by steady municipal demand and constrained supply from maintenance outages.
• Liquid Chlorine Spot Price firmed in September as water treatment demand remained strong and supply tightened due to planned outages.
• Liquid Chlorine Price Forecast suggests a stable-to-firm outlook, with seasonal demand and limited imports supporting near-term pricing.
• Liquid Chlorine Production Cost Trend remained elevated due to high electricity tariffs and brine procurement costs across Western Europe.
• Liquid Chlorine Demand Outlook was stable in municipal and sanitation sectors, while PVC and industrial applications showed limited recovery.
• The Liquid Chlorine Price Index reflected disciplined production and reduced Asian imports, tightening regional availability.
• Port congestion and inland freight delays added pressure to delivered pricing, sustaining firm spot offers across key European terminals.
Why did the price of Liquid Chlorine change in September 2025 in Europe?
• Strong municipal demand and planned maintenance outages reduced supply, supporting the Price Index.
• Elevated energy costs and constrained brine availability sustained production cost pressure.
• Logistics challenges and reduced import flows tightened inventories, lifting spot prices across Northern Europe.
For the Quarter Ending June 2025
APAC
• In China, the Liquid Chlorine Price Index showed a mixed trajectory over Q2 2025. Prices started at approximately USD 32/MT in April, dipped to around USD 31/MT in May due to an oversupplied market, and then recovered in June.
• This fluctuation was primarily driven by consistently high chlor-alkali operating rates (~82–85%) and subdued PVC demand during April and May. However, the situation slightly improved in June as short-term supply constraints emerged due to scheduled maintenance, while downstream confidence picked up, notably from the hydrochloric acid and disinfection sectors.
• Despite the slight rebound, the Liquid Chlorine Demand Outlook remained soft, with market players staying cautious.
• In July 2025, the Liquid Chlorine Price Index increased modestly due to controlled production and modest restocking from end-users. Producers, having faced earlier oversupply, operated more conservatively, helping prices stabilize.
• The Liquid Chlorine Spot Price showed mild improvement, though further gains are constrained by fragile downstream PVC sector recovery.
• The Liquid Chlorine Production Cost Trend remained largely steady, supported by stable electricity tariffs and brine availability. Margins remained narrow due to low selling prices, but upstream cost stability offered operational consistency.
• The Liquid Chlorine Price Forecast for Q3 2025 suggests a cautiously optimistic trend if PVC output rebounds and export activity strengthens. However, persistent structural oversupply continues to limit significant price escalation in the near term.
North America
• In the U.S., the Liquid Chlorine Price Index declined steadily throughout Q2 2025, falling from about USD 750/MT in April to approximately USD 725/MT by June.
• The market was pressured by high chlor-alkali plant utilization in the Gulf Coast and stagnant downstream demand from PVC, water treatment, and pulp & paper sectors. Despite favorable input costs and logistical stability, sluggish domestic demand and weak construction activity weighed heavily on prices.
• Export interest remained minimal, and the Liquid Chlorine Demand Outlook remained subdued.
• The Price Index declined slightly in July 2025, reflecting a continuation of the oversupplied environment. Demand from core sectors like PVC and industrial disinfection failed to pick up significantly, while buyers remained hesitant due to uncertain economic indicators and high inventory levels.
• The Liquid Chlorine Production Cost Trend remained stable as salt and energy prices showed little volatility. Operating rates were adjusted marginally to limit inventory build-up, but overall production still exceeded immediate demand.
• The Liquid Chlorine Price Forecast for the coming quarter remains weak unless supported by a sharp rebound in the housing and infrastructure sectors.
• Spot activity is expected to remain flat with limited pricing flexibility unless broader chlor-alkali fundamentals shift positively.
Europe
• Across Europe, including Germany and surrounding countries, the Liquid Chlorine Price Index experienced mild fluctuations during Q2 2025. Prices moved within a narrow band due to a balance between steady chlor-alkali production and moderate consumption levels.
• Unlike Asia and North America, Europe saw relatively consistent procurement patterns in industrial water treatment and chemical manufacturing. However, lackluster construction and stagnation in PVC usage restricted any upward price momentum. The Liquid Chlorine Demand Outlook remained neutral to soft across most applications.
• In July 2025, the Liquid Chlorine Price Index witnessed a slight decrease as the European market continued to be affected by a weak macroeconomic climate and modest downstream buying. The subdued pace of economic recovery, particularly in Germany, coupled with cautious inventory strategies among buyers, limited any scope for price rises.
• The Liquid Chlorine Production Cost Trend remained flat in Q2 and July, with stable brine and energy inputs. Most chlor-alkali plants ran at average capacity rates without major maintenance interruptions.
• The Liquid Chlorine Price Forecast for Europe remains moderately bearish. Without a rebound in construction or stronger demand from chemical intermediates, prices are expected to remain rangebound.
For the Quarter Ending March 2025
North America
In North America during Q1 2025, the Liquid Chlorine market exhibited balanced supply and demand dynamics, underpinned by steady chlor-alkali production and consistent downstream consumption.
Key demand drivers included moderate PVC usage supported by government infrastructure projects and stable chemical processing activities. The absence of significant supply disruptions and stable logistics contributed to a well-supplied market environment.
Overall, market sentiment remained cautious yet stable, with inventory levels sufficient to meet ongoing demand, and price fluctuations were minimal throughout the quarter. In the USA, Liquid Chlorine prices increased by 4.36% from Q4 2024 to Q1 2025, averaging USD 774/MT in the current quarter. Monthly prices remained largely flat, reflecting balanced supply from steady domestic production and stable demand from the PVC and HCl sectors. The market trend is stable, supported by consistent export activity and infrastructure-driven consumption. Near-term outlook anticipates modest price oscillations with a generally steady trajectory.
Asia
In the APAC region during Q1 2025, the Liquid Chlorine market experienced a cautiously balanced environment characterized by stable supply from chlor-alkali producers and steady demand from key downstream sectors such as hydrochloric acid and polyvinyl chloride industries. While seasonal fluctuations impacted construction-related consumption, resilient activity in chemical processing and alumina refining helped sustain overall demand. Supply chain stability was occasionally challenged by upstream cost fluctuations and localized production constraints, yet inventory levels remained adequate, supporting a generally firm market sentiment throughout the quarter. Liquid Chlorine prices in China rose by 5.1% from Q4 2024 to Q1 2025, averaging USD 34.33/MT in the current quarter. Monthly prices exhibited a relatively flat trend, reflecting stable procurement ahead of the Lunar New Year and consistent demand from chemical and alumina sectors despite subdued construction activity. Supply constraints linked to facility inspections and upstream cost volatility underpinned this price firmness. The overall market stance is stable to mildly bullish, with near-term outlooks anticipating moderate price fluctuations driven by production cost variability and demand from downstream industries.
Europe
In Q1 2025, the European liquid chlorine market experienced notable price fluctuations, influenced by dynamics in the chlor-alkali and caustic soda sectors, as well as downstream demand from the PVC industry.
January saw a modest price increase for liquid chlorine, driven by steady demand from the PVC industry, which utilizes chlorine in the production of polyvinyl chloride. The construction sector's moderate activity supported this demand. However, February witnessed a slight dip in prices as the caustic soda market faced challenges.
March brought renewed price pressures, driven by rising energy costs and supply chain disruptions, particularly affecting feedstock availability. Overall, Europe's liquid chlorine market in Q1 2025 was shaped by fluctuating demand in the PVC industry, challenges in the caustic soda market, and economic factors affecting the chlor-alkali sector, leading to a nuanced pricing landscape.
