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VietnamMoving into Q1 2025, Perchloroethylene prices in FOB Hamburg (Technical Grade (>99%)) saw a decrease of -1.54%, settling at $895/MT. The market remained well-supplied, with manufacturers operating at stable production rates to align with current demand levels. Additionally, a moderate slowdown in industrial cleaning applications further influenced the pricing trend. While market conditions remained stable, a lack of fresh demand drivers kept price movements minimal.
In Q4 2024, Perchloroethylene prices in FOB Hamburg (Technical Grade (>99%)) dipped again to $909/MT, reflecting a -5.61% decline from Q3. The market witnessed a slowdown in export demand, especially from Asian buyers, as inventory levels remained sufficient. Additionally, regulatory constraints on solvent-based chemicals in certain European regions led to cautious purchasing behaviour among end-users.
By Q3 2024, the Perchloroethylene market in FOB Hamburg (Technical Grade (>99%)) witnessed a 4.45% increase, with prices rising to $963/MT. This rebound was driven by a surge in export demand from key Asian markets, where industrial cleaning and solvent-based applications saw higher consumption levels. Additionally, increased manufacturing activity in the European region, particularly in sectors requiring Perchloroethylene for precision cleaning, played a role in supporting prices. Improved market sentiment and strategic stock adjustments by distributors further contributed to the price uptrend.
In Q2 2024, Perchloroethylene prices in FOB Hamburg (Technical Grade (>99%)) continued a downward trajectory, reaching $922/MT, reflecting a -3.05% decline from Q1. The decline was attributed to weaker demand from industrial sectors, particularly in automotive and machinery cleaning applications, which showed signs of slowing production output. Additionally, higher stock levels from previous quarters reduced the urgency for fresh purchases, further contributing to the market softening. However, steady demand from the chemical processing sector helped prevent a sharper decline.
In Q1 2024, the Perchloroethylene market in FOB Hamburg (Technical Grade (>99%)) experienced a declining trend, with prices reported at $951/MT, marking a -3.94% decline from the previous quarter. This was mainly due to moderate demand from the dry-cleaning and metal degreasing industries, which remained steady but lacked significant growth. Additionally, ample product availability in the European market, coupled with subdued purchasing activity from end-users, contributed to the price dip. Despite this, market stability was maintained, ensuring that price fluctuations remained within a controlled range.
In Q4 2024, the market was down steeper, with Ex-Mumbai (Technical Grade (>99%)) prices dropping to $957/MT, down by 8.86% from the previous quarter. The drop was due to poor demand from the metal cleaning and dry-cleaning industries, particularly subsequent to the Indian wedding and festive season, typically boosting consumption. With holidays like Diwali earlier in the quarter, consumption was weakened significantly. In addition, the well-stocked status of the Indian market and absence of bulk orders by local processors in Mumbai assisted in the subdued price scenario.
Entering Q3 2024, the Ex-Mumbai (Technical Grade (>99%)) prices experienced a small fall of 0.47%, returning to $1050/MT. The small correction was because of monsoon-related slowdowns in industrial production across western India, including Mumbai. Logistics disruptions due to rains and cautious procurement patterns led to deferred buying activity. Additionally, restricted downstream demand from solvent uses such as paint removers and cleaners added to the pressure. However, supply chains remained mostly in equilibrium, preventing any extreme price declines.
The market remained stabilized during Q2 2024 as well, with Ex-Mumbai (Technical Grade (>99%)) prices rising moderately to $1055/MT, showing a moderate 0.48% increase over Q1. This soft pick-up was aided by seasonally driven pick-up in demand from the auto and textile processing sectors, who use Perchloroethylene in degreasing as well as cloth treatment processes. Warmer months tend to boost cleaning services and textile finishing activities, particularly in Maharashtra, including the Mumbai belt. Supply, however, stayed flat – but better domestic movement of goods following the fiscal year-end shutdowns in March helped improve market sentiment.
During Q1 2024, the Indian Perchloroethylene market, especially Ex-Mumbai (Technical Grade (>99%)), saw a slightly bearish sentiment with prices averaging $1050/MT, down by a 6.25% decline from the last quarter. The bearishness was mainly on account of subdued off-take from the dry-cleaning and metal cleaning industries, which are among the major downstream applications of Perchloroethylene. Also, with a decline in industrial activity after the pre-festival rush of Q4 2023, purchasing momentum remained low. Inventory stocks were still very high during this period, and reduced procurement by end-users in the western region maintained the muted trend in prices.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Perchloroethylene (C₂Cl₄) is a clear, colourless liquid with a sweet, chloroform-like odour. It is a highly effective solvent known for its excellent degreasing and cleaning properties. Perchloroethylene is primarily produced through the chlorination of certain Hydrocarbons, involving a series of chemical reactions that introduce Chlorine atoms. Its effectiveness and relatively low environmental impact make it a crucial component in promoting hygiene and efficiency in industrial processes.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Characteristics | Index | Result |
| Appearance | Colourless transparent liquid | Colourless transparent liquid |
| Chroma | <15 | 10 |
| Density ρ20（g/cm3） | 1.615-1.625 | 1.622 |
| Purity (%) ≥ | 99.9 | 99.99 |
| Distillation of residue (%) ≤ | 0.005 | 0.0006 |
| Water content (%) ≤ | 0.01 | 0.0019 |
| PH Value | 6.0-9.0 | 6.75 |
Applications
Perchloroethylene is primarily used as a solvent and cleaning agent in various industries. It is widely utilized in dry cleaning for its ability to effectively remove stains and dirt from fabrics. Additionally, Perchloroethylene serves as a solvent in industrial cleaning processes, helping to degrease machinery and parts. It is also used in the manufacturing of other chemicals, including refrigerants and adhesives. Its versatility and efficiency make it an essential component in maintaining cleanliness and performance across multiple sectors.
The price of Perchloroethylene is influenced by several factors, including raw material costs, primarily Crude oil derivatives like Ethylene. Geopolitical events, such as trade disputes and environmental regulations, can also impact supply and demand. Additionally, fluctuations in production capacities, transportation costs, and seasonal demand from industries like dry cleaning and degreasing affect its price.
To predict future Perchloroethylene price trends, procurement teams should monitor key indicators like Crude oil prices, global demand for Ethylene derivatives, and any changes in regulatory policies impacting chemical production. Tracking the production output of major producers and staying updated on supply chain disruptions or plant maintenance schedules can also provide insights into potential price fluctuations.
Global demand from key industries such as dry cleaning, metal degreasing, and chemical manufacturing significantly impacts Perchloroethylene prices. When demand rises, especially in regions like Europe and Asia, prices tend to increase due to tighter supply. Conversely, any decline in industrial activity or shift to alternative chemicals may result in price drops.
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