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SunSirs: The Price of Domestic Hydrochloric Acid Was Temporarily Stable This Week (December 12-16)
December 21 2022 13:34:17SunSirs(John)

Price trend

It can be seen from the above figure that the domestic hydrochloric acid price is temporarily stable this week, and the average market price was 174.00 RMB/tonn. A year-on-year drop of 42.38%.

On December 18, the hydrochloric acid commodity index was 45.79, unchanged from the previous day, down 66.79% from the peak of 137.89 points (2021-10-26) in the cycle, and up 154.67% from the lowest point of 17.98 points on September 5, 2012. (Note: Period refers to 2011-09-01 to now)

Upstream support weakened, downstream procurement was better

From the manufacturer's quotation, the domestic hydrochloric acid market price was temporarily stable this week. The quotation of Wenshui Synthetic Hydrochloric Acid this weekend was 90 RMB/tonn, which was temporarily stable compared with last weekend; Liaocheng Huatong Hydrochloric Acid Co., Ltd. quoted 30 RMB/tonn this weekend, which was temporarily stable compared with last weekend; Shandong Zhenkun Hydrochloric Acid Co., Ltd. quoted 200 RMB/tonn this weekend, which was temporarily stable compared with last weekend; Shijiazhuang Zhijian Hydrochloric Acid quoted at 200 RMB/tonn this weekend, which was temporarily stable compared with last weekend; Xiangcheng San'an Hydrochloric Acid Co., Ltd. quoted 350 RMB/tonn this weekend, which was temporarily stable compared with last weekend.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market was consolidated at a low level, and the cost support was insufficient. The price of the downstream polyaluminum chloride market rose slightly, from 2,023.75 RMB/tonn at the end of last week to 2,027.50 RMB/tonn at the end of this week, an increase of 0.19%, and a year-on-year decrease of 14.32%. The market price of ammonium chloride rose slightly, from 1,040.00 RMB/tonn at the end of last week to ,1082.50 RMB/tonn at the end of this week, an increase of 4.09%. On the whole, the upstream support was insufficient and the downstream procurement enthusiasm was good.

Market outlook

In late December, the market price of hydrochloric acid may mainly rise in shock in a narrow range. The market of upstream liquid chlorine has been consolidated at a low level recently, with average cost support. The market of downstream polyaluminum chloride and ammonium chloride has risen slightly, and the purchase intention of downstream has increased. Analysts from SunSirs believe that hydrochloric acid will mainly rise slightly in shock recently.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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