Germany, the United States, and China are the leading exporters of hydriodic acid, collectively accounting for over 60% of global exports in 2023–2024, while pharmaceutical-manufacturing hubs—including India, South Korea, and Ireland—rank among the top importers. Imports by India and South Korea have risen steadily since 2022, coinciding with moderate upward pressure on hydriodic acid prices amid tightening supply from key European producers.
Hydroiodic Acid Market Dynamics Intelligence
I. Price Trends
1. Domestic Market: Recently, domestic hydroiodic acid prices have shown a slight upward trend. The mainstream transaction price ranges from XX to XX yuan per ton, representing an increase of approximately X% compared to the same period last month.
2. International Market: International hydroiodic acid prices remain relatively stable; however, influenced by global supply chain tensions and rising energy costs, prices have slightly increased in some regions. The import landed price is approximately XX USD per ton.
II. Supply and Demand Status
1. Supply Side:
- Domestic production operating rates for hydroiodic acid are maintained at around XX%. Production has slightly decreased at some plants due to environmental inspections or equipment maintenance.
- Imports have decreased due to international logistics delays and tariff adjustments, resulting in somewhat tight market supply.
2. Demand Side:
- Demand from downstream industries such as pharmaceuticals and chemicals remains steadily growing, with particularly strong demand in the pharmaceutical intermediates sector.
- Demand from the new energy sector is gradually emerging, becoming a new growth point.
III. Cost Factors
1. Raw Material Costs: Prices for main raw materials such as iodine and hydrogen have not fluctuated significantly recently, but there is potential upward pressure due to linkage with international market prices.
2. Energy Costs: Rising prices for electricity, natural gas, and other energy sources have increased the production costs of hydroiodic acid.
3. Transportation Costs: Increased domestic logistics fees and high-level international shipping prices have raised import costs.
IV. Policy Environment
1. Environmental Protection Policies: The state's environmental protection requirements for the chemical industry are becoming increasingly strict. Hydroiodic acid producers face greater pressure for environmental protection investments, and some small-capacity enterprises may exit the market.
2. Export Policies: Adjustments to export tax rebate policies significantly impact hydroiodic acid export enterprises. It is necessary to monitor the impact of policy changes on export volumes.
V. Market Sentiment and Expectations
1. Market Sentiment: Most market participants hold a cautiously optimistic attitude towards the future of hydroiodic acid, believing that demand growth will support prices.
2. Expectations: In the short term, hydroiodic acid market prices are expected to remain in a high-level range. In the long term, as new production capacity is released and downstream demand structures change, price trends require further observation.
VI. Analysis, Judgment, and Forecast
1. Short-term Forecast: Supported by tight supply and rising costs, hydroiodic acid market prices are expected to continue a slight increase in the short term, although the magnitude of the increase will be limited.
2. Medium-term Forecast: With the continuous growth of demand from downstream industries such as pharmaceuticals and new energy, the supply-demand relationship in the hydroiodic acid market will gradually tighten, leaving room for further price increases.
3. Long-term Forecast: It is necessary to monitor the impact of new production capacity deployment and policy changes on the market. If the supply side is effectively supplemented, price increases may slow down; conversely, if demand continues to grow while supply remains insufficient, prices are expected to continue rising. Additionally, attention must be paid to the impact of international market price fluctuations and exchange rate changes on import costs.
Hydriodic acid is a colorless to pale yellow, fuming liquid with a sharp, acrid odor; it is highly volatile and miscible with water, with a boiling point of approximately 127 °C (at 760 mmHg) for the constant-boiling azeotrope (57% HI). It is a strong mineral acid and one of the hydrogen halides in aqueous solution. Hydriodic acid serves primarily as a reducing agent and catalyst in organic synthesis, especially in the preparation of alkyl iodides and in cleavage reactions of ethers and epoxides. Its principal industrial applications are as a key intermediate in pharmaceutical manufacturing (e.g., thyroid hormone analogs) and in the synthesis of iodinated contrast agents, agrochemicals, and specialty chemicals.
1. Used for producing organic iodide. As general reagents and pharmaceutical intermediates. 2. Used as the analysis reagents, also used in the preparation of the iodide. 3. Used as a reducing agent, also used in the synthesis of alkyl iodine and other alkyl iodide. 4. Used for Determination of methoxy, ethoxy and selenium, dissolution of acid-insoluble inorganic substance, such as an alkaline earth metal sulfate and mercury iodide and so on. Used as a reducing agent. Used for the preparation of iodide. 5. Used for Determination of methoxy, dissolution of acid-insoluble (especially hot) inorganic substance, such as an alkaline earth metal sulfate and mercury iodide and so on. Used as a reducing agent.
This chemical is included in Basic Chemicals. See more about what is Hydriodic acid and Hydriodic acid SDS information.
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